Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,675,522 shares of the semiconductor company’s stock, valued at approximately $747,400,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.88% of Synopsys at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in Synopsys by 5.7% in the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock valued at $447,000 after buying an additional 50 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Synopsys by 11.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 760 shares of the semiconductor company’s stock worth $326,000 after acquiring an additional 79 shares during the period. NewEdge Advisors LLC lifted its position in Synopsys by 15.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,010 shares of the semiconductor company’s stock worth $1,291,000 after acquiring an additional 395 shares during the last quarter. WINTON GROUP Ltd lifted its position in Synopsys by 9.2% during the 2nd quarter. WINTON GROUP Ltd now owns 758 shares of the semiconductor company’s stock worth $389,000 after acquiring an additional 64 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in Synopsys by 2.1% during the second quarter. Treasurer of the State of North Carolina now owns 72,095 shares of the semiconductor company’s stock valued at $36,962,000 after acquiring an additional 1,505 shares during the period. Institutional investors own 85.47% of the company’s stock.
Synopsys Stock Performance
NASDAQ:SNPS opened at $421.50 on Monday. The firm’s 50-day moving average is $425.63 and its 200-day moving average is $442.93. Synopsys, Inc. has a 52-week low of $366.00 and a 52-week high of $626.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.32 and a current ratio of 1.43. The company has a market cap of $80.71 billion, a price-to-earnings ratio of 97.57, a PEG ratio of 2.48 and a beta of 1.23.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on SNPS. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Synopsys in a research report on Monday, June 8th. Needham & Company LLC restated a “buy” rating and set a $580.00 target price on shares of Synopsys in a research note on Thursday, May 28th. Citigroup raised their target price on Synopsys from $600.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Berenberg Bank set a $633.00 price target on Synopsys in a research report on Wednesday, May 27th. Finally, Piper Sandler raised Synopsys from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $450.00 to $550.00 in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $565.06.
Insiders Place Their Bets
In related news, CFO Shelagh Glaser sold 3,394 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $450.02, for a total value of $1,527,367.88. Following the sale, the chief financial officer owned 14,358 shares of the company’s stock, valued at $6,461,387.16. The trade was a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sassine Ghazi sold 14,603 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $458.96, for a total transaction of $6,702,192.88. Following the completion of the transaction, the chief executive officer directly owned 75,020 shares of the company’s stock, valued at $34,431,179.20. This trade represents a 16.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.56% of the stock is owned by insiders.
Key Headlines Impacting Synopsys
Here are the key news stories impacting Synopsys this week:
- Positive Sentiment: A discounted-cash-flow analysis suggests Synopsys may be undervalued by approximately 26%, offering potential upside if the company converts strong AI and semiconductor-design demand into sustained cash-flow growth. Synopsys Stock May Be Cheap As Shares Fell 33%
- Positive Sentiment: Analysts and market commentators point to 42% revenue growth, raised guidance and Synopsys’ completed $35 billion acquisition as catalysts that could eventually support a recovery toward substantially higher price levels. These forecasts are speculative and depend on successful integration and continued AI-silicon spending. Prediction: Synopsys Will Hit $650 on This Date
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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