Hantz Financial Services Inc. lessened its position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 12.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,332 shares of the semiconductor company’s stock after selling 3,651 shares during the period. Hantz Financial Services Inc.’s holdings in Synopsys were worth $12,369,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Empirical Asset Management LLC bought a new stake in Synopsys in the third quarter valued at $773,000. Strategic Advisors LLC increased its stake in Synopsys by 76.3% in the third quarter. Strategic Advisors LLC now owns 7,578 shares of the semiconductor company’s stock valued at $3,739,000 after purchasing an additional 3,279 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its stake in Synopsys by 31.8% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 14,810 shares of the semiconductor company’s stock valued at $6,957,000 after purchasing an additional 3,575 shares in the last quarter. Principal Financial Group Inc. increased its stake in Synopsys by 57.7% in the third quarter. Principal Financial Group Inc. now owns 412,766 shares of the semiconductor company’s stock valued at $203,654,000 after purchasing an additional 150,973 shares in the last quarter. Finally, SeaTown Holdings Pte. Ltd. increased its stake in Synopsys by 55.9% in the fourth quarter. SeaTown Holdings Pte. Ltd. now owns 22,300 shares of the semiconductor company’s stock valued at $10,475,000 after purchasing an additional 8,000 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.
Synopsys Price Performance
Synopsys stock opened at $524.74 on Monday. Synopsys, Inc. has a fifty-two week low of $376.18 and a fifty-two week high of $651.73. The stock has a market cap of $100.52 billion, a PE ratio of 81.48, a price-to-earnings-growth ratio of 4.29 and a beta of 1.25. The firm’s 50-day simple moving average is $451.00 and its 200 day simple moving average is $451.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.36.
Analysts Set New Price Targets
Several equities research analysts have weighed in on SNPS shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $480.00 price target (down from $550.00) on shares of Synopsys in a research note on Wednesday, February 25th. Rosenblatt Securities decreased their price target on shares of Synopsys from $560.00 to $530.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Citigroup lifted their price target on shares of Synopsys from $580.00 to $600.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Needham & Company LLC reaffirmed a “buy” rating on shares of Synopsys in a research note on Thursday, February 26th. Finally, Piper Sandler decreased their price target on shares of Synopsys from $520.00 to $430.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Synopsys presently has an average rating of “Hold” and an average target price of $536.00.
Get 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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