Insight Holdings Group LLC decreased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 32.4% during the third quarter, HoldingsChannel reports. The firm owned 12,500 shares of the semiconductor company’s stock after selling 6,000 shares during the quarter. Synopsys accounts for approximately 0.4% of Insight Holdings Group LLC’s holdings, making the stock its 18th biggest position. Insight Holdings Group LLC’s holdings in Synopsys were worth $6,167,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of SNPS. Lionshead Wealth Management LLC boosted its position in Synopsys by 1.9% during the 2nd quarter. Lionshead Wealth Management LLC now owns 914 shares of the semiconductor company’s stock valued at $469,000 after acquiring an additional 17 shares in the last quarter. YANKCOM Partnership lifted its stake in shares of Synopsys by 3.3% in the 2nd quarter. YANKCOM Partnership now owns 537 shares of the semiconductor company’s stock valued at $275,000 after purchasing an additional 17 shares during the period. Manchester Capital Management LLC lifted its stake in shares of Synopsys by 5.3% in the 2nd quarter. Manchester Capital Management LLC now owns 340 shares of the semiconductor company’s stock valued at $174,000 after purchasing an additional 17 shares during the period. Advisors Capital Management LLC boosted its position in shares of Synopsys by 2.3% during the second quarter. Advisors Capital Management LLC now owns 862 shares of the semiconductor company’s stock valued at $442,000 after purchasing an additional 19 shares in the last quarter. Finally, Rothschild Investment LLC grew its stake in Synopsys by 15.9% in the second quarter. Rothschild Investment LLC now owns 153 shares of the semiconductor company’s stock worth $78,000 after purchasing an additional 21 shares during the period. 85.47% of the stock is owned by institutional investors.
Synopsys Price Performance
Shares of NASDAQ:SNPS opened at $412.63 on Monday. The business has a fifty day moving average price of $461.93 and a 200-day moving average price of $462.67. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.36 and a quick ratio of 1.26. The company has a market capitalization of $79.04 billion, a PE ratio of 64.07, a PEG ratio of 3.36 and a beta of 1.15. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on SNPS shares. Piper Sandler decreased their price objective on Synopsys from $520.00 to $430.00 and set a “neutral” rating for the company in a report on Thursday, February 26th. Rosenblatt Securities reduced their target price on shares of Synopsys from $560.00 to $530.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Synopsys in a research note on Thursday, January 22nd. JPMorgan Chase & Co. lifted their price target on shares of Synopsys from $600.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. Finally, HSBC lowered shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price objective on the stock. in a research note on Friday, February 20th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $531.00.
Check Out Our Latest Report on SNPS
Insider Buying and Selling
In other news, insider Janet Lee sold 250 shares of the business’s stock in a transaction on 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 transaction, the insider owned 11,959 shares in the company, valued at $6,338,270. The trade was a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Shelagh Glaser sold 3,657 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer directly owned 17,842 shares in the company, valued at approximately $8,221,058.34. The trade was a 17.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 4,157 shares of company stock valued at $1,945,036. 0.56% of the stock is owned by company insiders.
Synopsys 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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