Quintet Private Bank Europe S.A. grew its stake in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 70,202 shares of the semiconductor company’s stock after buying an additional 1,298 shares during the quarter. Synopsys accounts for approximately 1.9% of Quintet Private Bank Europe S.A.’s portfolio, making the stock its 13th biggest position. Quintet Private Bank Europe S.A.’s holdings in Synopsys were worth $32,975,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Alpine Bank Wealth Management raised its holdings in shares of Synopsys by 89.3% in the 3rd quarter. Alpine Bank Wealth Management now owns 53 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 25 shares in the last quarter. TFC Financial Management Inc. grew 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 worth $27,000 after purchasing an additional 50 shares in the last quarter. Millstone Evans Group LLC purchased a new position in Synopsys in the third quarter valued at $27,000. SOA Wealth Advisors LLC. purchased a new position in Synopsys in the third quarter valued at $28,000. Finally, McIlrath & Eck LLC acquired a new stake in Synopsys in the third quarter valued at $29,000. 85.47% of the stock is currently owned by hedge funds and other institutional investors.
Synopsys Price Performance
SNPS stock opened at $395.95 on Friday. The company has a market capitalization of $75.85 billion, a P/E ratio of 61.48, a PEG ratio of 3.23 and a beta of 1.15. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The business has a 50 day simple moving average of $430.80 and a 200-day simple moving average of $449.68. The company has a current ratio of 1.36, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33.
Wall Street Analysts Forecast Growth
SNPS has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Synopsys in a research report on Thursday, January 22nd. Rosenblatt Securities decreased their target price on Synopsys from $560.00 to $530.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Piper Sandler lowered their price target on Synopsys from $520.00 to $430.00 and set a “neutral” rating for the company in a report on Thursday, February 26th. JPMorgan Chase & Co. increased their price target on shares of Synopsys from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Finally, Wells Fargo & Company cut their price objective on shares of Synopsys from $500.00 to $450.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Synopsys currently has a consensus rating of “Hold” and an average target price of $531.00.
View Our Latest Analysis on SNPS
Insider Buying and Selling
In other news, insider Janet Lee sold 250 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $530.00, for a total value of $132,500.00. Following the completion of the sale, the insider directly owned 11,959 shares of the company’s stock, valued at approximately $6,338,270. This represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.
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.
Featured Stories
Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.
