Wilson Asset Management International PTY Ltd. trimmed its position in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,489 shares of the semiconductor company’s stock after selling 2,438 shares during the quarter. Synopsys accounts for approximately 3.7% of Wilson Asset Management International PTY Ltd.’s holdings, making the stock its 11th biggest holding. Wilson Asset Management International PTY Ltd.’s holdings in Synopsys were worth $14,321,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Sowell Financial Services LLC boosted its holdings in shares of Synopsys by 2.0% during the 4th quarter. Sowell Financial Services LLC now owns 1,056 shares of the semiconductor company’s stock valued at $496,000 after buying an additional 21 shares in the last quarter. Natural Investments LLC grew its position in Synopsys by 4.6% during the 4th quarter. Natural Investments LLC now owns 482 shares of the semiconductor company’s stock valued at $226,000 after purchasing an additional 21 shares during the last quarter. Financial Management Professionals Inc. lifted its position in Synopsys by 7.0% in the 4th quarter. Financial Management Professionals Inc. now owns 335 shares of the semiconductor company’s stock valued at $157,000 after acquiring an additional 22 shares in the last quarter. Foronjy Financial LLC lifted its position in Synopsys by 5.2% in the 4th quarter. Foronjy Financial LLC now owns 446 shares of the semiconductor company’s stock valued at $210,000 after acquiring an additional 22 shares in the last quarter. Finally, Barden Capital Management Inc. lifted its position in Synopsys by 1.2% in the 4th quarter. Barden Capital Management Inc. now owns 1,868 shares of the semiconductor company’s stock valued at $877,000 after acquiring an additional 23 shares in the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.
Synopsys Price Performance
Shares of Synopsys stock opened at $502.51 on Wednesday. Synopsys, Inc. has a one year low of $376.18 and a one year high of $651.73. The stock’s fifty day moving average is $431.32 and its 200 day moving average is $446.18. The stock has a market cap of $96.26 billion, a P/E ratio of 78.03, a P/E/G ratio of 4.06 and a beta of 1.25. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.36.
Wall Street Analysts Forecast Growth
SNPS has been the topic of several research analyst reports. Morgan Stanley restated an “equal weight” rating and set a $480.00 target price (down from $550.00) on shares of Synopsys in a research note on Wednesday, February 25th. Piper Sandler lowered their target price on shares of Synopsys from $520.00 to $430.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Needham & Company LLC restated a “buy” rating on shares of Synopsys in a research note on Thursday, February 26th. The Goldman Sachs Group set a $600.00 price target on Synopsys and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, Rosenblatt Securities lowered their price target on Synopsys from $560.00 to $530.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Eight equities 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’s stock. Based on data from MarketBeat.com, Synopsys presently has an average rating of “Hold” and a consensus 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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