Parker Investment Management LLC bought a new position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 1,900 shares of the semiconductor company’s stock, valued at approximately $892,000. Synopsys makes up approximately 0.1% of Parker Investment Management LLC’s investment portfolio, making the stock its 26th biggest position.
A number of other hedge funds have also made changes to their positions in the company. Resources Management Corp CT ADV increased its position in shares of Synopsys by 42.0% during the 4th quarter. Resources Management Corp CT ADV now owns 2,615 shares of the semiconductor company’s stock worth $1,228,000 after purchasing an additional 774 shares in the last quarter. QVT Financial LP increased its position in shares of Synopsys by 8.5% during the 4th quarter. QVT Financial LP now owns 5,879 shares of the semiconductor company’s stock worth $2,761,000 after purchasing an additional 459 shares in the last quarter. Nicholas Investment Partners LP increased its position in shares of Synopsys by 1.3% during the 4th quarter. Nicholas Investment Partners LP now owns 11,845 shares of the semiconductor company’s stock worth $5,564,000 after purchasing an additional 155 shares in the last quarter. Fifth Lane Capital LP bought a new stake in Synopsys during the 4th quarter worth about $235,000. Finally, Focus Partners Wealth increased its position in Synopsys by 44.2% in the 4th quarter. Focus Partners Wealth now owns 55,898 shares of the semiconductor company’s stock valued at $26,267,000 after acquiring an additional 17,121 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.
Synopsys Price Performance
Synopsys stock opened at $453.89 on Monday. The company’s 50 day simple moving average is $473.57 and its 200 day simple moving average is $460.82. Synopsys, Inc. has a fifty-two week low of $376.18 and a fifty-two week high of $651.73. The firm has a market capitalization of $86.91 billion, a price-to-earnings ratio of 105.07, a PEG ratio of 2.67 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.43 and a quick ratio of 1.32.
Wall Street Analyst Weigh In
Several research firms have weighed in on SNPS. HSBC cut shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price objective for the company. in a research report on Friday, February 20th. KeyCorp restated an “overweight” rating on shares of Synopsys in a research report on Thursday, May 28th. Needham & Company LLC restated a “buy” rating and issued a $580.00 price objective on shares of Synopsys 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, 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. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $563.81.
Get Our Latest Research 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.
Further Reading
- Five stocks we like better than Synopsys
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Want to see what other hedge funds are holding SNPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synopsys, Inc. (NASDAQ:SNPS – Free Report).
Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.
