Frank Rimerman Advisors LLC reduced its stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 46.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,516 shares of the semiconductor company’s stock after selling 2,166 shares during the period. Frank Rimerman Advisors LLC’s holdings in Synopsys were worth $1,182,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Nilsine Partners LLC acquired a new stake in Synopsys during the 4th quarter worth about $201,000. Three Seasons Wealth LLC increased its holdings in shares of Synopsys by 21.3% in the fourth quarter. Three Seasons Wealth LLC now owns 1,706 shares of the semiconductor company’s stock valued at $801,000 after purchasing an additional 299 shares during the period. DB Fitzpatrick & Co Inc increased its holdings in shares of Synopsys by 19.2% in the fourth quarter. DB Fitzpatrick & Co Inc now owns 3,107 shares of the semiconductor company’s stock valued at $1,459,000 after purchasing an additional 500 shares during the period. Brookstone Capital Management raised its stake in shares of Synopsys by 634.1% in the fourth quarter. Brookstone Capital Management now owns 18,037 shares of the semiconductor company’s stock worth $8,472,000 after purchasing an additional 15,580 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of Synopsys in the fourth quarter worth about $84,079,000. 85.47% of the stock is owned by hedge funds and other institutional investors.
Synopsys Trading Up 0.1%
Shares of NASDAQ:SNPS opened at $396.74 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $651.73. The business has a 50 day moving average of $435.18 and a two-hundred day moving average of $450.21. The company has a market capitalization of $76.00 billion, a PE ratio of 61.61, a PEG ratio of 3.23 and a beta of 1.15.
Insider Buying and Selling at Synopsys
In other Synopsys news, insider Janet Lee sold 250 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $530.00, for a total value of $132,500.00. Following the completion of the transaction, the insider owned 11,959 shares in the company, valued at approximately $6,338,270. This represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.56% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on SNPS shares. HSBC lowered Synopsys from a “buy” rating to a “hold” rating and set a $455.00 target price on the stock. in a research report on Friday, February 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Synopsys in a research report on Thursday, January 22nd. Rosenblatt Securities dropped their price objective on shares of Synopsys from $560.00 to $530.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Needham & Company LLC reiterated a “buy” rating on shares of Synopsys in a research note on Thursday, February 26th. Finally, Piper Sandler reduced their target price on shares of Synopsys from $520.00 to $430.00 and set a “neutral” rating for the company in a report on Thursday, February 26th. 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 stock. Based on data from MarketBeat.com, Synopsys presently has an average rating of “Hold” and a consensus price target of $531.00.
Get Our Latest Analysis on Synopsys
About Synopsys
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.
Further Reading
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