Keeler Thomas Management LLC lessened its stake in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 46.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,743 shares of the semiconductor company’s stock after selling 2,386 shares during the quarter. Keeler Thomas Management LLC’s holdings in Synopsys were worth $1,288,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of SNPS. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Synopsys in the fourth quarter valued at approximately $28,000. Oakworth Capital Inc. lifted its holdings in shares of Synopsys by 3,700.0% in the fourth quarter. Oakworth Capital Inc. now owns 76 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 74 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Synopsys in the third quarter valued at approximately $38,000. N.E.W. Advisory Services LLC lifted its holdings in shares of Synopsys by 128.6% in the fourth quarter. N.E.W. Advisory Services LLC now owns 80 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 45 shares in the last quarter. Finally, WealthCollab LLC lifted its holdings in shares of Synopsys by 110.8% in the third quarter. WealthCollab LLC now owns 78 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.
Synopsys Stock Performance
Shares of Synopsys stock opened at $456.29 on Friday. The business’s fifty day simple moving average is $472.42 and its 200 day simple moving average is $460.47. The firm has a market capitalization of $87.37 billion, a P/E ratio of 105.62, a price-to-earnings-growth ratio of 2.71 and a beta of 1.22. Synopsys, Inc. has a 12 month low of $376.18 and a 12 month high of $651.73. The company has a current ratio of 1.43, a quick ratio of 1.32 and a debt-to-equity ratio of 0.33.
Wall Street Analysts Forecast Growth
SNPS has been the topic of a number of recent research reports. HSBC lowered Synopsys from a “buy” rating to a “hold” rating and set a $455.00 target price on the stock. in a report on Friday, February 20th. Needham & Company LLC restated a “buy” rating and issued a $580.00 target price on shares of Synopsys in a report on Thursday, May 28th. Robert W. Baird set a $558.00 target price on Synopsys in a report on Thursday, May 28th. Piper Sandler raised their target price on Synopsys from $430.00 to $450.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Finally, Wells Fargo & Company lifted their price target on Synopsys from $505.00 to $535.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Synopsys has a consensus rating of “Hold” and a consensus target price of $563.81.
Read Our Latest Stock 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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