Andar Capital Management HK Ltd bought a new position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,000 shares of the semiconductor company’s stock, valued at approximately $2,960,000. Synopsys comprises 3.0% of Andar Capital Management HK Ltd’s holdings, making the stock its 10th largest holding.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Stanley Laman Group Ltd. increased its position in Synopsys by 542.9% during the 3rd quarter. Stanley Laman Group Ltd. now owns 12,877 shares of the semiconductor company’s stock worth $6,353,000 after purchasing an additional 10,874 shares in the last quarter. Symphony Financial Ltd. Co. increased its holdings in shares of Synopsys by 4,780.9% during the second quarter. Symphony Financial Ltd. Co. now owns 40,219 shares of the semiconductor company’s stock worth $20,638,000 after buying an additional 39,395 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Synopsys by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,347,887 shares of the semiconductor company’s stock valued at $691,035,000 after acquiring an additional 4,815 shares during the last quarter. Waverton Investment Management Ltd lifted its stake in shares of Synopsys by 15.0% in the 2nd quarter. Waverton Investment Management Ltd now owns 578,299 shares of the semiconductor company’s stock valued at $296,630,000 after acquiring an additional 75,374 shares during the last quarter. Finally, Angeles Wealth Management LLC acquired a new stake in shares of Synopsys during the 2nd quarter valued at $478,000. Institutional investors own 85.47% of the company’s stock.
Synopsys Stock Performance
NASDAQ:SNPS opened at $437.09 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.62 and a debt-to-equity ratio of 0.48. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The company has a fifty day moving average of $477.13 and a 200-day moving average of $489.75. The firm has a market capitalization of $83.62 billion, a P/E ratio of 54.70, a P/E/G ratio of 3.64 and a beta of 1.12.
Insider Transactions at Synopsys
In other news, CFO Shelagh Glaser sold 3,657 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $460.77, for a total transaction of $1,685,035.89. Following the completion of the sale, the chief financial officer owned 17,842 shares in the company, valued at $8,221,058.34. The trade was a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Janet Lee sold 250 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $530.00, for a total value of $132,500.00. Following the transaction, the insider directly owned 11,959 shares in the company, valued at $6,338,270. The trade was a 2.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,157 shares of company stock valued at $1,945,036 over the last ninety days. 0.62% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities analysts have commented on SNPS shares. Wall Street Zen upgraded Synopsys from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Zacks Research raised Synopsys from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Rosenblatt Securities upgraded shares of Synopsys from a “neutral” rating to a “buy” rating and cut their target price for the stock from $605.00 to $560.00 in a research report on Tuesday, December 9th. KeyCorp raised their price target on shares of Synopsys from $575.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Finally, Wells Fargo & Company raised their target price on Synopsys from $445.00 to $500.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 11th. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $553.57.
Read Our Latest Stock Analysis on SNPS
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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