Capital International Inc. CA trimmed its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 16.8% in the fourth quarter, HoldingsChannel reports. The firm owned 59,007 shares of the semiconductor company’s stock after selling 11,944 shares during the period. Capital International Inc. CA’s holdings in Synopsys were worth $27,717,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of SNPS. Vanguard Group Inc. grew its stake in Synopsys by 20.7% in the 3rd quarter. Vanguard Group Inc. now owns 18,181,185 shares of the semiconductor company’s stock worth $8,970,415,000 after acquiring an additional 3,120,401 shares during the period. Victory Capital Management Inc. grew its stake in Synopsys by 238.8% in the 3rd 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 during the period. Coatue Management LLC purchased a new stake in Synopsys in the 3rd quarter worth approximately $892,605,000. Capital Research Global Investors grew its stake in Synopsys by 226.6% in the 3rd 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 during the period. Finally, Norges Bank purchased a new stake in shares of Synopsys during the 4th quarter valued at $730,197,000. 85.47% of the stock is owned by hedge funds and other institutional investors.
Synopsys Stock Performance
NASDAQ:SNPS opened at $464.85 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.32 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $89.01 billion, a price-to-earnings ratio of 107.60, a PEG ratio of 2.71 and a beta of 1.22. The firm’s fifty day simple moving average is $466.55 and its 200 day simple moving average is $458.28. Synopsys, Inc. has a twelve month low of $376.18 and a twelve month high of $651.73.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on SNPS shares. HSBC cut shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price objective for the company. in a research note on Friday, February 20th. Needham & Company LLC reissued a “buy” rating and set a $580.00 price objective on shares of Synopsys in a research note on Thursday, May 28th. Berenberg Bank set a $633.00 price objective on shares of Synopsys in a research note on Wednesday, May 27th. Robert W. Baird set a $558.00 price objective on shares of Synopsys in a research note on Thursday, May 28th. Finally, Piper Sandler boosted their price objective on shares of Synopsys from $430.00 to $450.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $563.81.
Check Out Our Latest Research Report on SNPS
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.
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