J.Safra Asset Management Corp purchased a new position in Synopsys, Inc. (NASDAQ:SNPS – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,033 shares of the semiconductor company’s stock, valued at approximately $955,000.
A number of other large investors also recently added to or reduced their stakes in SNPS. Sowell Financial Services LLC raised 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 worth $496,000 after acquiring an additional 21 shares in the last quarter. Natural Investments LLC raised its holdings in shares of Synopsys by 4.6% during the 4th quarter. Natural Investments LLC now owns 482 shares of the semiconductor company’s stock worth $226,000 after acquiring an additional 21 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in shares of Synopsys by 7.0% during the 4th quarter. Financial Management Professionals Inc. now owns 335 shares of the semiconductor company’s stock worth $157,000 after acquiring an additional 22 shares in the last quarter. Foronjy Financial LLC raised its holdings in shares of Synopsys by 5.2% during the 4th quarter. Foronjy Financial LLC now owns 446 shares of the semiconductor company’s stock worth $210,000 after acquiring an additional 22 shares in the last quarter. Finally, Barden Capital Management Inc. grew its stake in shares of Synopsys by 1.2% in the 4th quarter. Barden Capital Management Inc. now owns 1,868 shares of the semiconductor company’s stock worth $877,000 after buying an additional 23 shares in the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.
Synopsys Stock Performance
NASDAQ:SNPS opened at $460.54 on Thursday. The stock’s fifty day moving average is $471.23 and its 200 day moving average is $459.99. Synopsys, Inc. has a fifty-two week low of $376.18 and a fifty-two week high of $651.73. The firm has a market capitalization of $88.18 billion, a PE ratio of 106.61, a PEG ratio of 2.73 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.32 and a current ratio of 1.43.
Analyst Ratings Changes
A number of analysts have recently weighed in on SNPS shares. Stifel Nicolaus boosted their target price on shares of Synopsys from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. KeyCorp reiterated an “overweight” rating on shares of Synopsys in a research report on Thursday, May 28th. Bank of America lifted their price target on Synopsys from $515.00 to $600.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Synopsys in a research report on Monday. Finally, The Goldman Sachs Group set a $600.00 price target on Synopsys and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $563.81.
Read Our Latest Research 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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