Calamos Wealth Management LLC lifted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 29.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,851 shares of the semiconductor company’s stock after buying an additional 6,296 shares during the quarter. Calamos Wealth Management LLC’s holdings in Synopsys were worth $13,082,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Synopsys by 20.7% during the 3rd quarter. Vanguard Group Inc. now owns 18,181,185 shares of the semiconductor company’s stock worth $8,970,415,000 after buying an additional 3,120,401 shares during the last quarter. State Street Corp raised its position in Synopsys by 20.6% in the 3rd quarter. State Street Corp now owns 8,760,358 shares of the semiconductor company’s stock valued at $4,322,273,000 after purchasing an additional 1,493,912 shares during the last quarter. Victory Capital Management Inc. raised its position in Synopsys by 238.8% in the 3rd quarter. Victory Capital Management Inc. now owns 2,824,349 shares of the semiconductor company’s stock valued at $1,393,506,000 after purchasing an additional 1,990,608 shares during the last quarter. Capital Research Global Investors raised its position in Synopsys by 226.6% in the 3rd quarter. Capital Research Global Investors now owns 2,524,512 shares of the semiconductor company’s stock valued at $1,245,533,000 after purchasing an additional 1,751,432 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Synopsys by 15.3% in the 3rd quarter. Van ECK Associates Corp now owns 2,216,908 shares of the semiconductor company’s stock valued at $1,093,800,000 after purchasing an additional 293,784 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.
Synopsys Stock Performance
Shares of SNPS opened at $500.82 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.36. The stock has a market capitalization of $95.94 billion, a P/E ratio of 77.77, a P/E/G ratio of 3.73 and a beta of 1.15. The company’s fifty day moving average is $426.02 and its two-hundred day moving average is $445.33. Synopsys, Inc. has a 1 year low of $376.18 and a 1 year high of $651.73.
Analysts Set New Price Targets
Several research firms recently commented on SNPS. Needham & Company LLC reiterated a “buy” rating on shares of Synopsys in a research report on Thursday, February 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $480.00 price target (down from $550.00) on shares of Synopsys in a research report on Wednesday, February 25th. Piper Sandler reduced their price target on shares of Synopsys from $520.00 to $430.00 and set a “neutral” rating for the company in a research report on Thursday, February 26th. Rosenblatt Securities reduced their price target on shares of Synopsys from $560.00 to $530.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, HSBC downgraded shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price target for the company. in a research report on Friday, February 20th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $531.00.
Check Out Our Latest Stock Report on Synopsys
Synopsys Company 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.
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