HighTower Advisors LLC grew its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 15.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 23,594 shares of the semiconductor company’s stock after buying an additional 3,102 shares during the period. HighTower Advisors LLC’s holdings in Synopsys were worth $11,083,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also modified their holdings of SNPS. Empirical Asset Management LLC purchased a new stake in Synopsys in the 3rd quarter valued at approximately $773,000. Strategic Advisors LLC lifted its stake in Synopsys by 76.3% in the 3rd quarter. Strategic Advisors LLC now owns 7,578 shares of the semiconductor company’s stock valued at $3,739,000 after buying an additional 3,279 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its stake in Synopsys by 31.8% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 14,810 shares of the semiconductor company’s stock valued at $6,957,000 after buying an additional 3,575 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Synopsys by 57.7% in the 3rd quarter. Principal Financial Group Inc. now owns 412,766 shares of the semiconductor company’s stock valued at $203,654,000 after buying an additional 150,973 shares in the last quarter. Finally, SeaTown Holdings Pte. Ltd. lifted its stake in Synopsys by 55.9% in the 4th quarter. SeaTown Holdings Pte. Ltd. now owns 22,300 shares of the semiconductor company’s stock valued at $10,475,000 after buying an additional 8,000 shares in the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.
Synopsys Price Performance
Shares of NASDAQ SNPS opened at $524.74 on Tuesday. Synopsys, Inc. has a 12-month low of $376.18 and a 12-month high of $651.73. The company has a market cap of $100.52 billion, a P/E ratio of 81.48, a P/E/G ratio of 4.29 and a beta of 1.25. The company has a current ratio of 1.36, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average price of $453.12 and a 200 day moving average price of $451.89.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on SNPS shares. Wells Fargo & Company increased their price target on Synopsys from $450.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 14th. Piper Sandler reduced their price target on Synopsys from $520.00 to $430.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. The Goldman Sachs Group set a $600.00 price target on Synopsys and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Needham & Company LLC reaffirmed a “buy” rating on shares of Synopsys in a research report on Thursday, February 26th. Finally, HSBC lowered Synopsys from a “buy” rating to a “hold” rating and set a $455.00 target price on the stock. in a research report on Friday, February 20th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $536.00.
Read Our Latest Analysis 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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