Deutsche Bank AG lifted its stake in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 11.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,012,121 shares of the semiconductor company’s stock after purchasing an additional 107,956 shares during the quarter. Deutsche Bank AG owned 0.53% of Synopsys worth $475,413,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of SNPS. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Synopsys during the 4th quarter worth about $28,000. Oakworth Capital Inc. boosted its position in Synopsys by 3,700.0% during the 4th quarter. Oakworth Capital Inc. now owns 76 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 74 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in Synopsys during the 3rd quarter worth about $38,000. N.E.W. Advisory Services LLC boosted its position in Synopsys by 128.6% during the 4th quarter. N.E.W. Advisory Services LLC now owns 80 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 45 shares during the period. Finally, WealthCollab LLC boosted its position in Synopsys by 110.8% during the 3rd quarter. WealthCollab LLC now owns 78 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 41 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.
Synopsys Stock Down 1.0%
SNPS opened at $460.54 on Thursday. Synopsys, Inc. has a fifty-two week low of $376.18 and a fifty-two week high of $651.73. The business has a 50-day moving average of $471.23 and a 200-day moving average of $459.99. 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 company has a market capitalization of $88.18 billion, a PE ratio of 106.61, a price-to-earnings-growth ratio of 2.73 and a beta of 1.22.
Analysts Set New Price Targets
A number of equities research analysts have commented on SNPS shares. Rosenblatt Securities raised their price objective on Synopsys from $530.00 to $575.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Piper Sandler raised their price objective on Synopsys from $430.00 to $450.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Berenberg Bank set a $633.00 price objective on Synopsys in a research report on Wednesday, May 27th. Stifel Nicolaus raised their price objective on Synopsys from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Synopsys in a research report on Monday. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $563.81.
View Our Latest Research 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.
Read More
- Five stocks we like better than Synopsys
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.
