B. Metzler seel. Sohn & Co. AG lowered its position in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 47.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,716 shares of the semiconductor company’s stock after selling 16,034 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Synopsys were worth $8,322,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Alpine Bank Wealth Management raised its stake in shares of Synopsys by 89.3% in the third quarter. Alpine Bank Wealth Management now owns 53 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 25 shares during the last quarter. TFC Financial Management Inc. raised its stake in shares of Synopsys by 1,250.0% in the third quarter. TFC Financial Management Inc. now owns 54 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in shares of Synopsys in the third quarter worth approximately $27,000. SOA Wealth Advisors LLC. purchased a new stake in shares of Synopsys in the third quarter worth approximately $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Synopsys in the fourth quarter worth approximately $28,000. Institutional investors own 85.47% of the company’s stock.
Synopsys Stock Performance
Shares of SNPS opened at $456.85 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $87.51 billion, a price-to-earnings ratio of 70.94, a PEG ratio of 3.90 and a beta of 1.15. The stock has a 50 day moving average of $424.75 and a 200 day moving average of $445.17. Synopsys, Inc. has a 12 month low of $376.18 and a 12 month high of $651.73.
Analysts Set New Price Targets
Several brokerages have recently commented on SNPS. Needham & Company LLC reissued a “buy” rating on shares of Synopsys in a research note on Thursday, February 26th. Piper Sandler lowered their price objective on Synopsys from $520.00 to $430.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. The Goldman Sachs Group set a $600.00 price objective on Synopsys and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Rosenblatt Securities lowered their price objective on Synopsys from $560.00 to $530.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $480.00 price objective (down from $550.00) on shares of Synopsys in a research note on Wednesday, February 25th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $531.00.
Read Our Latest Report on SNPS
Synopsys Profile
Synopsys, Inc is a leading provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) used to design, verify and manufacture integrated circuits and complex systems-on-chip (SoCs). Its product portfolio spans tools and technologies for front‑end design and synthesis, simulation and verification, physical implementation and signoff, and design-for-manufacturability, enabling chip designers to move from architecture through tape‑out.
In addition to core EDA offerings, Synopsys supplies a broad set of semiconductor IP building blocks — such as interface, memory and analog/mixed-signal cores — that customers integrate into SoCs to accelerate development.
Read More
Want to see what other hedge funds are holding SNPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synopsys, Inc. (NASDAQ:SNPS – Free Report).
Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.
