Tokio Marine Asset Management Co. Ltd. grew its holdings in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 25.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,257 shares of the semiconductor company’s stock after purchasing an additional 1,273 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Synopsys were worth $3,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also added to or reduced their stakes in the business. Alpine Bank Wealth Management boosted its holdings in shares of Synopsys by 89.3% during the 3rd quarter. Alpine Bank Wealth Management now owns 53 shares of the semiconductor company’s stock worth $26,000 after buying an additional 25 shares in the last quarter. TFC Financial Management Inc. lifted its position in shares of Synopsys by 1,250.0% during the 3rd quarter. TFC Financial Management Inc. now owns 54 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 50 shares during the period. Independence Bank of Kentucky boosted its stake in Synopsys by 120.0% during the second quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 30 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new stake in Synopsys in the third quarter worth $28,000. Finally, McIlrath & Eck LLC bought a new stake in Synopsys in the third quarter valued at $29,000. Institutional investors and hedge funds own 85.47% of the company’s stock.
Synopsys Trading Up 1.6%
NASDAQ SNPS opened at $533.42 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.52 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $446.82 and a 200 day simple moving average of $504.96. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $651.73. The firm has a market capitalization of $102.05 billion, a P/E ratio of 66.76, a PEG ratio of 4.37 and a beta of 1.12.
Analyst Upgrades and Downgrades
Several analysts have recently commented on SNPS shares. JPMorgan Chase & Co. raised their target price on Synopsys from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Wells Fargo & Company boosted their price objective on Synopsys from $445.00 to $500.00 and gave the company an “equal weight” rating in a report on Thursday, December 11th. KeyCorp upped their target price on Synopsys from $575.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. BNP Paribas assumed coverage on shares of Synopsys in a research report on Thursday, October 2nd. They issued an “underperform” rating and a $425.00 price target for the company. Finally, Wall Street Zen upgraded shares of Synopsys from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $559.43.
View Our Latest Report on Synopsys
Insider Activity at Synopsys
In related news, insider Janet Lee sold 250 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $510.00, for a total transaction of $127,500.00. Following the completion of the sale, the insider directly owned 12,209 shares of the company’s stock, valued at approximately $6,226,590. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $1,685,035.89. Following the completion of the transaction, the chief financial officer directly owned 17,842 shares in the company, valued at approximately $8,221,058.34. This represents a 17.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.62% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Synopsys
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- How a Family Trust May Be Able To Help Preserve Your Wealth
- A U.S. “birthright” claim worth trillions – activated quietly
- Ticker Revealed: Pre-IPO Access to “Next Elon Musk” Company
- This stock gets a 94 out of 100
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.
