Boston Family Office LLC decreased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 79.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,253 shares of the semiconductor company’s stock after selling 27,639 shares during the period. Boston Family Office LLC’s holdings in Synopsys were worth $3,407,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 3,120,401 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of 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 buying an additional 1,990,608 shares during the period. Coatue Management LLC acquired a new stake in shares of Synopsys during the third quarter worth approximately $892,605,000. Capital Research Global Investors boosted its holdings in shares of 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 purchasing an additional 1,751,432 shares during the period. Finally, Norges Bank acquired a new stake in shares of Synopsys during the fourth quarter worth approximately $730,197,000. Institutional investors and hedge funds own 85.47% of the company’s stock.
Synopsys Trading Down 0.5%
Shares of SNPS stock opened at $453.89 on Friday. Synopsys, Inc. has a 1 year low of $376.18 and a 1 year high of $651.73. The firm’s fifty day simple moving average is $473.57 and its 200 day simple moving average is $460.43. The firm has a market capitalization of $86.91 billion, a P/E ratio of 105.07, a price-to-earnings-growth ratio of 2.68 and a beta of 1.22. The company has a current ratio of 1.43, a quick ratio of 1.32 and a debt-to-equity ratio of 0.33.
Analysts Set New Price Targets
SNPS has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $580.00 price objective on shares of Synopsys in a research report on Thursday, May 28th. Piper Sandler raised their price objective on shares of Synopsys from $430.00 to $450.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Bank of America raised their price objective on shares of Synopsys from $515.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Rosenblatt Securities raised their price objective on shares of Synopsys from $530.00 to $575.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, BNP Paribas Exane raised their price objective on shares of Synopsys from $425.00 to $450.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th. Nine research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $563.81.
Check Out Our Latest Report on Synopsys
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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