Sage Mountain Advisors LLC purchased a new position in Synopsys, Inc. (NASDAQ:SNPS – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,024 shares of the semiconductor company’s stock, valued at approximately $505,000.
Other institutional investors also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management grew its stake in Synopsys by 89.3% in the 3rd quarter. Alpine Bank Wealth Management now owns 53 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 25 shares in the last quarter. TFC Financial Management Inc. raised its stake in shares of Synopsys by 1,250.0% during the third quarter. TFC Financial Management Inc. now owns 54 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 50 shares in the last quarter. Independence Bank of Kentucky boosted its holdings in shares of Synopsys by 120.0% in the second quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 30 shares during the period. SOA Wealth Advisors LLC. purchased a new stake in shares of Synopsys in the third quarter valued at approximately $28,000. Finally, McIlrath & Eck LLC bought a new position in Synopsys in the third quarter worth approximately $29,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.
Synopsys Stock Performance
SNPS stock opened at $521.95 on Thursday. Synopsys, Inc. has a one year low of $365.74 and a one year high of $651.73. The firm has a market cap of $99.86 billion, a price-to-earnings ratio of 65.33, a PEG ratio of 4.25 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.52 and a current ratio of 1.62. The firm has a 50-day simple moving average of $462.43 and a two-hundred day simple moving average of $504.48.
Insiders Place Their Bets
In other Synopsys news, insider Janet Lee sold 250 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $530.00, for a total value of $132,500.00. Following the completion of the sale, the insider owned 11,959 shares of the company’s stock, valued at approximately $6,338,270. This trade represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shelagh Glaser sold 3,657 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was 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 in the company, valued at $8,221,058.34. The trade was a 17.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,157 shares of company stock valued at $1,945,036 in the last three months. Insiders own 0.62% of the company’s stock.
Wall Street Analyst Weigh In
SNPS has been the subject of a number of research analyst reports. Rosenblatt Securities raised Synopsys from a “neutral” rating to a “buy” rating and decreased their target price for the company from $605.00 to $560.00 in a research report on Tuesday, December 9th. Needham & Company LLC lifted their price objective on Synopsys from $550.00 to $580.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Piper Sandler cut shares of Synopsys from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $602.00 to $520.00 in a report on Tuesday, January 13th. JPMorgan Chase & Co. boosted their price target on shares of Synopsys from $600.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Finally, Bank of America raised shares of Synopsys from an “underperform” rating to a “neutral” rating and lowered their price target for the stock from $525.00 to $500.00 in a research report on Monday, December 8th. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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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