Aspex Management HK Ltd lifted its stake in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 40.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,126,089 shares of the semiconductor company’s stock after acquiring an additional 608,507 shares during the quarter. Synopsys comprises 20.2% of Aspex Management HK Ltd’s portfolio, making the stock its largest holding. Aspex Management HK Ltd’s holdings in Synopsys were worth $998,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in SNPS. Empirical Asset Management LLC bought a new position in Synopsys in the third quarter worth $773,000. China Universal Asset Management Co. Ltd. increased its position in Synopsys by 31.8% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 14,810 shares of the semiconductor company’s stock worth $6,957,000 after purchasing an additional 3,575 shares during the period. SeaTown Holdings Pte. Ltd. grew its position in shares of Synopsys by 55.9% during the 4th quarter. SeaTown Holdings Pte. Ltd. now owns 22,300 shares of the semiconductor company’s stock worth $10,475,000 after buying an additional 8,000 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Synopsys by 20.7% during the 3rd quarter. Vanguard Group Inc. now owns 18,181,185 shares of the semiconductor company’s stock valued at $8,970,415,000 after purchasing an additional 3,120,401 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Synopsys during the 4th quarter valued at about $730,197,000. 85.47% of the stock is owned by hedge funds and other institutional investors.
Synopsys Stock Down 0.5%
Shares of NASDAQ:SNPS opened at $453.89 on Friday. The business’s 50 day moving average is $473.57 and its 200 day moving average is $460.43. The stock has a market cap of $86.91 billion, a price-to-earnings ratio of 105.07, a PEG ratio of 2.68 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 quick ratio of 1.32, a current ratio of 1.43 and a debt-to-equity ratio of 0.33.
Analyst Upgrades and Downgrades
SNPS has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and issued a $580.00 target price on shares of Synopsys in a research note on Thursday, May 28th. Stifel Nicolaus upped their price objective on Synopsys from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. HSBC cut Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price objective on the stock. in a research note on Friday, February 20th. The Goldman Sachs Group set a $600.00 price objective on Synopsys and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, Citigroup increased their price target on Synopsys from $600.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Synopsys currently has an average rating of “Hold” and a consensus price target of $563.81.
Get Our Latest Stock Analysis on SNPS
About Synopsys
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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