Fiera Capital Corp decreased its position in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 3.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 196,627 shares of the semiconductor company’s stock after selling 8,048 shares during the quarter. Fiera Capital Corp’s holdings in Synopsys were worth $92,360,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Synopsys by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 18,464,862 shares of the semiconductor company’s stock worth $8,673,315,000 after purchasing an additional 283,677 shares in the last quarter. State Street Corp raised its holdings in Synopsys by 20.6% in the third quarter. State Street Corp now owns 8,760,358 shares of the semiconductor company’s stock worth $4,322,273,000 after purchasing an additional 1,493,912 shares in the last quarter. Geode Capital Management LLC raised its holdings in Synopsys by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,310,846 shares of the semiconductor company’s stock worth $2,017,256,000 after purchasing an additional 54,329 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Synopsys by 238.8% in the third quarter. Victory Capital Management Inc. now owns 2,824,349 shares of the semiconductor company’s stock worth $1,393,506,000 after purchasing an additional 1,990,608 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in Synopsys by 226.6% in the third quarter. Capital Research Global Investors now owns 2,524,512 shares of the semiconductor company’s stock worth $1,245,533,000 after purchasing an additional 1,751,432 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.
Synopsys Price Performance
Shares of NASDAQ:SNPS opened at $464.85 on Monday. Synopsys, Inc. has a 1-year low of $376.18 and a 1-year high of $651.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.43 and a quick ratio of 1.32. The business has a fifty day moving average price of $466.55 and a 200-day moving average price of $458.28. The company has a market capitalization of $89.01 billion, a PE ratio of 107.60, a PEG ratio of 2.71 and a beta of 1.22.
Analyst Ratings Changes
A number of equities analysts have issued reports on SNPS shares. Berenberg Bank set a $633.00 price objective on Synopsys in a report on Wednesday, May 27th. KeyCorp reiterated an “overweight” rating on shares of Synopsys in a report on Thursday, May 28th. Morgan Stanley raised their price target on Synopsys from $480.00 to $525.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. BNP Paribas Exane raised their price target on Synopsys from $425.00 to $450.00 and gave the company an “underperform” rating in a report on Thursday, May 28th. Finally, Stifel Nicolaus raised their price target on Synopsys from $550.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $563.81.
Check Out Our Latest Report on SNPS
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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