Transcend Capital Advisors LLC cut its stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 43.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,572 shares of the semiconductor company’s stock after selling 1,213 shares during the period. Transcend Capital Advisors LLC’s holdings in Synopsys were worth $738,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Alpine Bank Wealth Management lifted its holdings in shares of Synopsys by 89.3% during the 3rd quarter. Alpine Bank Wealth Management now owns 53 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 25 shares in the last quarter. TFC Financial Management Inc. lifted its holdings in shares of Synopsys by 1,250.0% during the 3rd quarter. TFC Financial Management Inc. now owns 54 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 50 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of Synopsys during the 3rd quarter valued at $27,000. SOA Wealth Advisors LLC. acquired a new position in shares of Synopsys during the 3rd quarter valued at $28,000. Finally, McIlrath & Eck LLC acquired a new position in shares of Synopsys during the 3rd quarter valued at $29,000. 85.47% of the stock is owned by hedge funds and other institutional investors.
Synopsys Stock Performance
Shares of SNPS stock opened at $438.45 on Thursday. Synopsys, Inc. has a 12 month low of $376.18 and a 12 month high of $651.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.36 and a quick ratio of 1.26. The firm has a market capitalization of $83.99 billion, a P/E ratio of 68.08, a P/E/G ratio of 3.42 and a beta of 1.15. The company’s fifty day moving average price is $421.19 and its two-hundred day moving average price is $445.84.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Rosenblatt Securities reduced their target price on shares of Synopsys from $560.00 to $530.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Weiss Ratings restated a “hold (c)” rating on shares of Synopsys in a report on Thursday, January 22nd. Needham & Company LLC restated a “buy” rating on shares of Synopsys in a report on Thursday, February 26th. The Goldman Sachs Group set a $600.00 target price on shares of Synopsys and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, Morgan Stanley restated an “equal weight” rating and set a $480.00 target price (down from $550.00) on shares of Synopsys in a report on Wednesday, February 25th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Synopsys has a consensus rating of “Hold” and an average target price of $531.00.
Check Out Our Latest Stock 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.
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