Erste Asset Management GmbH decreased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 25.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,719 shares of the semiconductor company’s stock after selling 14,791 shares during the quarter. Erste Asset Management GmbH’s holdings in Synopsys were worth $20,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of SNPS. Thurston Springer Miller Herd & Titak Inc. bought a new position in Synopsys in the fourth quarter valued at $28,000. Oakworth Capital Inc. increased its stake in Synopsys by 3,700.0% in the fourth quarter. Oakworth Capital Inc. now owns 76 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 74 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in Synopsys in the third quarter valued at $38,000. WealthCollab LLC increased its stake in Synopsys by 110.8% in the third quarter. WealthCollab LLC now owns 78 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 41 shares during the last quarter. Finally, N.E.W. Advisory Services LLC increased its stake in Synopsys by 128.6% in the fourth quarter. N.E.W. Advisory Services LLC now owns 80 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.
Synopsys Stock Performance
Synopsys stock opened at $473.48 on Tuesday. 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 50-day moving average of $467.98 and a 200-day moving average of $458.91. The firm has a market cap of $90.66 billion, a P/E ratio of 109.60, a P/E/G ratio of 2.71 and a beta of 1.22. Synopsys, Inc. has a 1-year low of $376.18 and a 1-year high of $651.73.
Analyst Upgrades and Downgrades
SNPS has been the topic of a number of research analyst reports. The Goldman Sachs Group set a $600.00 target price on Synopsys and gave the company a “buy” rating in a research note on Wednesday, February 25th. Robert W. Baird set a $558.00 price objective on Synopsys in a research note on Thursday, May 28th. Bank of America raised their price objective on Synopsys from $515.00 to $600.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Rosenblatt Securities raised their price objective on Synopsys from $530.00 to $575.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Synopsys in a research note on Thursday, May 28th. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Synopsys has a consensus rating of “Hold” and an average price target of $563.81.
Read Our Latest Stock Report on SNPS
About Synopsys
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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