DNB Asset Management AS decreased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 44.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,167 shares of the semiconductor company’s stock after selling 57,714 shares during the quarter. DNB Asset Management AS’s holdings in Synopsys were worth $33,429,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in SNPS. Vanguard Group Inc. boosted its holdings in Synopsys by 20.7% during the third quarter. Vanguard Group Inc. now owns 18,181,185 shares of the semiconductor company’s stock worth $8,970,415,000 after purchasing an additional 3,120,401 shares during the last quarter. Victory Capital Management Inc. raised its position in Synopsys by 238.8% during 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 acquiring an additional 1,990,608 shares in the last quarter. Coatue Management LLC bought a new stake in Synopsys during the third quarter worth $892,605,000. Capital Research Global Investors raised its position in Synopsys by 226.6% during 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 acquiring an additional 1,751,432 shares in the last quarter. Finally, State Street Corp raised its position in Synopsys by 20.6% during the third quarter. State Street Corp now owns 8,760,358 shares of the semiconductor company’s stock worth $4,322,273,000 after acquiring an additional 1,493,912 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.
Synopsys Trading Down 1.5%
Shares of Synopsys stock opened at $502.42 on Friday. The company has a market capitalization of $96.24 billion, a price-to-earnings ratio of 78.02, a PEG ratio of 4.10 and a beta of 1.25. The company has a quick ratio of 1.26, a current ratio of 1.36 and a debt-to-equity ratio of 0.33. Synopsys, Inc. has a 12-month low of $376.18 and a 12-month high of $651.73. The firm’s 50-day moving average price is $444.25 and its two-hundred day moving average price is $449.37.
Wall Street Analyst Weigh In
Several analysts have issued reports on SNPS shares. The Goldman Sachs Group set a $600.00 price target on shares of Synopsys and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Wells Fargo & Company upped their price target on shares of Synopsys from $450.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Thursday. HSBC cut shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 target price for the company. in a research note on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of Synopsys in a research note on Thursday, January 22nd. Finally, Needham & Company LLC restated a “buy” rating on shares of Synopsys in a research note on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Synopsys presently has a consensus rating of “Hold” and an average price target of $536.00.
Check Out Our Latest Stock Analysis 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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