Lombard Odier Asset Management USA Corp bought a new stake in Synopsys, Inc. (NASDAQ:SNPS – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,702 shares of the semiconductor company’s stock, valued at approximately $1,827,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Alpine Bank Wealth Management increased its stake in Synopsys by 89.3% in the third quarter. Alpine Bank Wealth Management now owns 53 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 25 shares during the period. TFC Financial Management Inc. grew its holdings in shares of Synopsys by 1,250.0% during the third quarter. TFC Financial Management Inc. now owns 54 shares of the semiconductor company’s stock worth $27,000 after buying an additional 50 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of Synopsys during the third quarter worth about $27,000. SOA Wealth Advisors LLC. acquired a new position in Synopsys in the 3rd quarter valued at about $28,000. Finally, McIlrath & Eck LLC acquired a new position in Synopsys in the 3rd quarter valued at about $29,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.
Synopsys Price Performance
Shares of SNPS opened at $425.88 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average is $460.56 and its two-hundred day moving average is $461.36. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The firm has a market capitalization of $81.58 billion, a PE ratio of 66.13, a P/E/G ratio of 3.36 and a beta of 1.15.
Insiders Place Their Bets
In other news, CFO Shelagh Glaser sold 3,657 shares of the company’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $460.77, for a total transaction of $1,685,035.89. Following the transaction, the chief financial officer directly owned 17,842 shares of the company’s stock, valued at $8,221,058.34. This represents a 17.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Janet Lee sold 250 shares of the stock in a transaction dated 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 transaction, the insider owned 11,959 shares of the company’s stock, valued at $6,338,270. This represents a 2.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 4,157 shares of company stock valued at $1,945,036. 0.56% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of research firms have weighed in on SNPS. KeyCorp increased their price objective on Synopsys from $575.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Citigroup began coverage on Synopsys in a report on Monday, November 24th. They issued a “buy” rating and a $580.00 target price on the stock. The Goldman Sachs Group set a $600.00 price target on Synopsys and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Bank of America raised Synopsys from an “underperform” rating to a “neutral” rating and decreased their price target for the stock from $525.00 to $500.00 in a report on Monday, December 8th. Finally, Rosenblatt Securities lowered their price objective on shares of Synopsys from $560.00 to $530.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Eight investment 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $531.00.
View 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.
Further Reading
- Five stocks we like better than Synopsys
- The gold chart Wall Street is terrified of…
- Elon Musk already made me a “wealthy man”
- Silver paying 20% dividend. Plus 68% share gains
- Unlocked: Elon Musk’s Next Big IPO
- 1,500 Banks Just Handed the Fed Your Bank Account
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.
