One Wealth Capital Management LLC acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS – Free Report) in the third quarter, Holdings Channel reports. The firm acquired 1,206 shares of the semiconductor company’s stock, valued at approximately $595,000.
Other large investors have also bought and sold shares of the company. Alpine Bank Wealth Management grew its position 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 buying an additional 25 shares during the last quarter. TFC Financial Management Inc. lifted its stake in shares of Synopsys by 1,250.0% in the third quarter. TFC Financial Management Inc. now owns 54 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 50 shares during the period. Millstone Evans Group LLC bought a new stake in Synopsys in the third quarter valued at approximately $27,000. SOA Wealth Advisors LLC. acquired a new stake in Synopsys during the 3rd quarter valued at approximately $28,000. Finally, McIlrath & Eck LLC bought a new position in Synopsys during the 3rd quarter worth approximately $29,000. 85.47% of the stock is owned by institutional investors.
Synopsys Trading Up 2.6%
SNPS opened at $442.30 on Friday. The company has a fifty day moving average price of $467.50 and a two-hundred day moving average price of $472.00. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73. The company has a market cap of $84.73 billion, a P/E ratio of 68.68, a price-to-earnings-growth ratio of 3.51 and a beta of 1.15. The company has a current ratio of 1.36, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33.
Insider Activity at Synopsys
In other news, insider Janet Lee sold 250 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $530.00, for a total transaction of $132,500.00. Following the transaction, the insider directly owned 11,959 shares of the company’s stock, valued at $6,338,270. This represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Shelagh Glaser sold 3,657 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $460.77, for a total value of $1,685,035.89. Following the completion of the transaction, the chief financial officer owned 17,842 shares in the company, valued at approximately $8,221,058.34. This represents a 17.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 4,157 shares of company stock valued at $1,945,036. Corporate insiders own 0.56% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on SNPS shares. KeyCorp upped their price objective on shares of Synopsys from $575.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Morgan Stanley reaffirmed an “equal weight” rating and set a $480.00 price target (down from $550.00) on shares of Synopsys in a research report on Wednesday, February 25th. Citigroup assumed coverage on Synopsys in a report on Monday, November 24th. They set a “buy” rating and a $580.00 price target for the company. Piper Sandler dropped their price objective on Synopsys from $520.00 to $430.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Finally, Wells Fargo & Company cut their target price on Synopsys from $500.00 to $450.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $531.00.
View Our Latest Research Report on Synopsys
Synopsys Company 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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