Skandinaviska Enskilda Banken AB publ boosted its stake in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 151.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 260,494 shares of the semiconductor company’s stock after buying an additional 156,856 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Synopsys were worth $128,533,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the stock. Alpine Bank Wealth Management raised its stake in shares of Synopsys by 89.3% in 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 during the period. TFC Financial Management Inc. boosted its position 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 worth $27,000 after purchasing an additional 50 shares during the period. Millstone Evans Group LLC acquired a new stake in Synopsys in the 3rd quarter valued at approximately $27,000. SOA Wealth Advisors LLC. purchased a new stake in Synopsys in the third quarter valued at approximately $28,000. Finally, McIlrath & Eck LLC acquired a new position in Synopsys during the third quarter worth $29,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.
Synopsys Price Performance
Shares of NASDAQ SNPS opened at $437.09 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.62 and a quick ratio of 1.52. The company has a market cap of $83.62 billion, a price-to-earnings ratio of 54.70, a price-to-earnings-growth ratio of 3.64 and a beta of 1.12. The stock’s 50-day moving average is $476.56 and its two-hundred day moving average is $487.27. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73.
Insider Buying and Selling
In other news, insider Janet Lee sold 250 shares of Synopsys stock in a transaction on Monday, January 12th. The shares were sold at an average price of $530.00, for a total transaction of $132,500.00. Following the completion of the sale, the insider directly owned 11,959 shares of the company’s stock, valued at approximately $6,338,270. The trade was a 2.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shelagh Glaser sold 3,657 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $460.77, for a total transaction of $1,685,035.89. Following the transaction, the chief financial officer owned 17,842 shares of the company’s stock, valued at approximately $8,221,058.34. The trade was a 17.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 4,157 shares of company stock worth $1,945,036. Insiders own 0.62% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently commented on SNPS. Weiss Ratings restated a “hold (c)” rating on shares of Synopsys in a research report on Thursday, January 22nd. Needham & Company LLC raised their target price on Synopsys from $550.00 to $580.00 and gave the company a “buy” rating in a report on Thursday, December 11th. KeyCorp lifted their target price on Synopsys from $575.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. Wall Street Zen upgraded shares of Synopsys from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Morgan Stanley increased their price target on shares of Synopsys from $510.00 to $550.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Synopsys currently has a consensus rating of “Moderate Buy” and an average price target of $553.57.
View Our Latest 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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