Mirabella Financial Services LLP grew its stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 129.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,632 shares of the semiconductor company’s stock after buying an additional 3,175 shares during the period. Mirabella Financial Services LLP’s holdings in Synopsys were worth $2,773,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Synopsys by 5.7% in the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock worth $447,000 after purchasing an additional 50 shares during the period. Integrated Wealth Concepts LLC increased its position in Synopsys by 11.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 760 shares of the semiconductor company’s stock worth $326,000 after purchasing an additional 79 shares in the last quarter. NewEdge Advisors LLC increased 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 purchasing an additional 395 shares in the last quarter. Advisors Capital Management LLC raised its holdings in Synopsys by 2.3% in the second quarter. Advisors Capital Management LLC now owns 862 shares of the semiconductor company’s stock valued at $442,000 after buying an additional 19 shares during the period. Finally, Foundations Investment Advisors LLC lifted its position in Synopsys by 3.8% during the second quarter. Foundations Investment Advisors LLC now owns 1,372 shares of the semiconductor company’s stock valued at $704,000 after buying an additional 50 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.
Synopsys Price Performance
Shares of SNPS opened at $425.88 on Tuesday. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $651.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.36 and a quick ratio of 1.26. The stock has a fifty day moving average price of $460.56 and a 200 day moving average price of $461.36. The company has a market cap of $81.58 billion, a P/E ratio of 66.13, a PEG ratio of 3.36 and a beta of 1.15.
Insider Buying and Selling
In other news, 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 sale, the chief financial officer directly owned 17,842 shares of the company’s stock, valued at $8,221,058.34. The trade was a 17.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Janet Lee sold 250 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $530.00, for a total value of $132,500.00. Following the sale, the insider directly owned 11,959 shares of the company’s stock, valued at approximately $6,338,270. This represents a 2.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,157 shares of company stock valued at $1,945,036. Company insiders own 0.56% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently issued reports on SNPS. The Goldman Sachs Group set a $600.00 price objective on shares of Synopsys and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Wells Fargo & Company cut their price target on shares of Synopsys from $500.00 to $450.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Needham & Company LLC reissued a “buy” rating on shares of Synopsys in a research report on Thursday, February 26th. 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. Finally, HSBC lowered Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price target on the stock. in a research report on Friday, February 20th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $531.00.
Get 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.
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