Fiera Capital Corp lessened its stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 196,627 shares of the semiconductor company’s stock after selling 8,048 shares during the quarter. Fiera Capital Corp owned approximately 0.10% of Synopsys worth $92,360,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in SNPS. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Synopsys during the fourth quarter valued at approximately $28,000. Oakworth Capital Inc. boosted its stake in shares of Synopsys by 3,700.0% during the fourth quarter. Oakworth Capital Inc. now owns 76 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 74 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Synopsys during the third quarter valued at approximately $38,000. N.E.W. Advisory Services LLC boosted its stake in shares of Synopsys by 128.6% during the fourth quarter. N.E.W. Advisory Services LLC now owns 80 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 45 shares during the period. Finally, WealthCollab LLC boosted its stake in shares of Synopsys by 110.8% during the third quarter. WealthCollab LLC now owns 78 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 85.47% of the company’s stock.
Synopsys Price Performance
Shares of Synopsys stock opened at $464.85 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.43 and a debt-to-equity ratio of 0.33. The company has a market cap of $89.01 billion, a PE ratio of 107.60, a P/E/G ratio of 2.71 and a beta of 1.22. The business has a 50 day moving average of $466.55 and a 200 day moving average of $458.28. Synopsys, Inc. has a 52 week low of $376.18 and a 52 week high of $651.73.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Stifel Nicolaus increased their price objective on Synopsys from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Robert W. Baird set a $558.00 price objective on Synopsys in a research note on Thursday, May 28th. Morgan Stanley increased their price objective on Synopsys from $480.00 to $525.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Piper Sandler upped their target price on Synopsys from $430.00 to $450.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $580.00 target price on shares of Synopsys in a report on Thursday, May 28th. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $563.81.
Check Out Our Latest Research Report on SNPS
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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