Janney Capital Management LLC increased its position in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 59.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,818 shares of the semiconductor company’s stock after buying an additional 11,156 shares during the quarter. Janney Capital Management LLC’s holdings in Synopsys were worth $14,712,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of SNPS. Norges Bank acquired a new position in shares of Synopsys in the 2nd quarter worth approximately $647,964,000. Ameriprise Financial Inc. boosted its holdings in Synopsys by 29.1% during the second quarter. Ameriprise Financial Inc. now owns 2,598,874 shares of the semiconductor company’s stock worth $1,333,095,000 after buying an additional 585,494 shares in the last quarter. Ninety One UK Ltd acquired a new position in Synopsys in the third quarter worth approximately $249,851,000. Aspex Management HK Ltd increased its holdings in shares of Synopsys by 106.0% in the second quarter. Aspex Management HK Ltd now owns 645,895 shares of the semiconductor company’s stock valued at $331,137,000 after buying an additional 332,364 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Synopsys by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 15,060,784 shares of the semiconductor company’s stock valued at $7,721,363,000 after acquiring an additional 231,014 shares during the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.
Synopsys Price Performance
NASDAQ SNPS opened at $533.42 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.62 and a quick ratio of 1.52. The firm has a market capitalization of $102.05 billion, a price-to-earnings ratio of 66.76, a price-to-earnings-growth ratio of 4.37 and a beta of 1.12. The company has a 50 day simple moving average of $446.82 and a 200-day simple moving average of $504.96. Synopsys, Inc. has a 52-week low of $365.74 and a 52-week high of $651.73.
Insiders Place Their Bets
In other Synopsys news, insider Janet Lee sold 250 shares of the company’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $510.00, for a total value of $127,500.00. Following the transaction, the insider directly owned 12,209 shares of the company’s stock, valued at $6,226,590. This represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Shelagh Glaser sold 3,657 shares of Synopsys stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $460.77, for a total value of $1,685,035.89. Following the sale, the chief financial officer owned 17,842 shares of the company’s stock, valued at approximately $8,221,058.34. This represents a 17.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.62% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. Wall Street Zen raised Synopsys from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Wells Fargo & Company boosted their price objective on Synopsys from $445.00 to $500.00 and gave the stock an “equal weight” rating in a report on Thursday, December 11th. Zacks Research upgraded shares of Synopsys from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Bank of America raised shares of Synopsys from an “underperform” rating to a “neutral” rating and dropped their target price for the stock from $525.00 to $500.00 in a research report on Monday, December 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Synopsys in a report on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Synopsys has an average rating of “Hold” and an average target price of $553.57.
Read Our Latest Stock Analysis on SNPS
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.
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