BNP Paribas decreased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,142 shares of the semiconductor company’s stock after selling 11,921 shares during the period. Synopsys comprises approximately 0.8% of BNP Paribas’ holdings, making the stock its 27th largest position. BNP Paribas’ holdings in Synopsys were worth $29,250,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of SNPS. Brighton Jones LLC grew its position in shares of Synopsys by 5.7% during the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock valued at $447,000 after acquiring an additional 50 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Synopsys by 11.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 760 shares of the semiconductor company’s stock valued at $326,000 after acquiring an additional 79 shares during the period. NewEdge Advisors LLC grew its position in shares of Synopsys by 15.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,010 shares of the semiconductor company’s stock valued at $1,291,000 after acquiring an additional 395 shares during the period. WINTON GROUP Ltd grew its position in shares of Synopsys by 9.2% during the 2nd quarter. WINTON GROUP Ltd now owns 758 shares of the semiconductor company’s stock valued at $389,000 after acquiring an additional 64 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in shares of Synopsys by 2.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 72,095 shares of the semiconductor company’s stock valued at $36,962,000 after acquiring an additional 1,505 shares during the period. Institutional investors own 85.47% of the company’s stock.
Synopsys Stock Up 3.5%
Shares of SNPS stock opened at $492.29 on Tuesday. The stock has a market cap of $94.26 billion, a P/E ratio of 113.96, a PEG ratio of 3.75 and a beta of 1.22. Synopsys, Inc. has a 52 week low of $376.18 and a 52 week high of $651.73. 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’s fifty day simple moving average is $460.81 and its two-hundred day simple moving average is $455.51.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on SNPS. Stifel Nicolaus upped their target price on shares of Synopsys from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Thursday. HSBC downgraded shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 target price for the company. in a report on Friday, February 20th. Robert W. Baird set a $558.00 target price on shares of Synopsys in a report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $580.00 target price on shares of Synopsys in a report on Thursday, May 28th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Synopsys in a report on Thursday. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $563.81.
Read Our Latest Stock Analysis 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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