Vontobel Holding Ltd. lowered its stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 18.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 690,567 shares of the semiconductor company’s stock after selling 154,834 shares during the quarter. Synopsys makes up about 1.0% of Vontobel Holding Ltd.’s holdings, making the stock its 28th biggest position. Vontobel Holding Ltd. owned 0.36% of Synopsys worth $324,373,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SNPS. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Synopsys during the fourth quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in Synopsys in the 4th quarter valued at $28,000. Oakworth Capital Inc. raised its position in Synopsys by 3,700.0% in the 4th quarter. Oakworth Capital Inc. now owns 76 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 74 shares during the last quarter. WealthCollab LLC raised its position in Synopsys by 110.8% in the 3rd quarter. WealthCollab LLC now owns 78 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 41 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in Synopsys in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 85.47% of the company’s stock.
Synopsys Stock Performance
Shares of SNPS opened at $453.89 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.32 and a current ratio of 1.43. The stock has a market capitalization of $86.91 billion, a P/E ratio of 105.07, a P/E/G ratio of 2.68 and a beta of 1.22. The company’s fifty day moving average is $473.57 and its two-hundred day moving average is $460.43. Synopsys, Inc. has a 1 year low of $376.18 and a 1 year high of $651.73.
Wall Street Analysts Forecast Growth
Several analysts recently commented on SNPS shares. Piper Sandler upped their price target on shares of Synopsys from $430.00 to $450.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Berenberg Bank set a $633.00 price objective on shares of Synopsys in a research note on Wednesday, May 27th. Rosenblatt Securities boosted their price objective on shares of Synopsys from $530.00 to $575.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. KeyCorp reissued an “overweight” rating on shares of Synopsys in a research note on Thursday, May 28th. Finally, HSBC cut 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. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $563.81.
Check Out Our Latest Stock Report on Synopsys
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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