Davidson Capital Management Inc. lowered its position in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 28.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,122 shares of the semiconductor company’s stock after selling 1,987 shares during the quarter. Davidson Capital Management Inc.’s holdings in Synopsys were worth $2,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Alpine Bank Wealth Management lifted its holdings in shares of Synopsys by 89.3% during the third quarter. Alpine Bank Wealth Management now owns 53 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 25 shares during the period. TFC Financial Management Inc. lifted its holdings in shares of Synopsys by 1,250.0% during the third quarter. TFC Financial Management Inc. now owns 54 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 50 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of Synopsys in the third quarter valued at about $27,000. SOA Wealth Advisors LLC. acquired a new stake in shares of Synopsys in the third quarter valued at about $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Synopsys in the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 85.47% of the company’s stock.
Synopsys Price Performance
Shares of SNPS opened at $477.26 on Thursday. Synopsys, Inc. has a 52-week low of $376.18 and a 52-week high of $651.73. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.36. The business’s 50 day moving average price is $424.08 and its two-hundred day moving average price is $445.09. The firm has a market cap of $91.42 billion, a PE ratio of 74.11, a price-to-earnings-growth ratio of 3.82 and a beta of 1.15.
Analysts Set New Price Targets
SNPS has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Synopsys in a research note on Thursday, January 22nd. Piper Sandler dropped their price target on shares of Synopsys from $520.00 to $430.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. Needham & Company LLC restated a “buy” rating on shares of Synopsys in a research report on Thursday, February 26th. HSBC downgraded shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price target on the stock. in a research report on Friday, February 20th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $480.00 price target (down from $550.00) on shares of Synopsys in a research report on Wednesday, February 25th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $531.00.
Check Out Our Latest Stock Report on Synopsys
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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