Wisconsin Capital Management LLC grew its holdings in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 46.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,516 shares of the semiconductor company’s stock after buying an additional 1,425 shares during the quarter. Synopsys comprises 1.1% of Wisconsin Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. Wisconsin Capital Management LLC’s holdings in Synopsys were worth $2,228,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC boosted its position in shares of Synopsys by 5.7% during the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock worth $447,000 after purchasing an additional 50 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Synopsys by 11.6% in the first quarter. Integrated Wealth Concepts LLC now owns 760 shares of the semiconductor company’s stock valued at $326,000 after purchasing an additional 79 shares during the period. NewEdge Advisors LLC boosted its holdings in Synopsys by 15.1% during the first quarter. NewEdge Advisors LLC now owns 3,010 shares of the semiconductor company’s stock worth $1,291,000 after buying an additional 395 shares in the last quarter. AlphaQuest LLC grew its position in Synopsys by 423.1% during the second quarter. AlphaQuest LLC now owns 68 shares of the semiconductor company’s stock worth $35,000 after buying an additional 55 shares during the period. Finally, Arkadios Wealth Advisors grew its position in Synopsys by 8.0% during the second quarter. Arkadios Wealth Advisors now owns 929 shares of the semiconductor company’s stock worth $476,000 after buying an additional 69 shares during the period. 85.47% of the stock is currently owned by hedge funds and other institutional investors.
Synopsys Stock Down 0.1%
SNPS opened at $424.32 on Wednesday. The firm has a market cap of $81.28 billion, a P/E ratio of 65.89, a PEG ratio of 3.45 and a beta of 1.15. The business’s fifty day simple moving average is $469.06 and its 200 day simple moving average is $472.50. Synopsys, Inc. has a 52 week low of $365.74 and a 52 week high of $651.73. The company has a quick ratio of 1.26, a current ratio of 1.36 and a debt-to-equity ratio of 0.33.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on SNPS shares. Bank of America raised Synopsys from an “underperform” rating to a “neutral” rating and decreased their price target for the stock from $525.00 to $500.00 in a research note on Monday, December 8th. Needham & Company LLC reaffirmed a “buy” rating on shares of Synopsys in a report on Thursday, February 26th. Wells Fargo & Company lowered their target price on Synopsys from $500.00 to $450.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Citigroup assumed coverage on Synopsys in a research note on Monday, November 24th. They set a “buy” rating and a $580.00 price target for the company. Finally, Zacks Research raised shares of Synopsys from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $531.00.
Read Our Latest Analysis on SNPS
Insider Buying and Selling
In other Synopsys news, CFO Shelagh Glaser sold 3,657 shares of the stock in a transaction 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 transaction, the chief financial officer owned 17,842 shares of the company’s stock, valued at $8,221,058.34. This represents a 17.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Janet Lee sold 250 shares of Synopsys stock in a transaction on 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 sale, the insider directly owned 11,959 shares of the company’s stock, valued at approximately $6,338,270. This represents a 2.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 4,157 shares of company stock worth $1,945,036. 0.56% of the stock is owned by company insiders.
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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