Y Intercept Hong Kong Ltd acquired a new position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 15,291 shares of the semiconductor company’s stock, valued at approximately $7,544,000.
A number of other institutional investors also recently modified their holdings of the business. Mn Services Vermogensbeheer B.V. increased its position in Synopsys by 22.0% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 70,528 shares of the semiconductor company’s stock worth $34,798,000 after acquiring an additional 12,728 shares during the period. Baillie Gifford & Co. grew its position in shares of Synopsys by 20.8% during the 3rd quarter. Baillie Gifford & Co. now owns 26,620 shares of the semiconductor company’s stock worth $13,134,000 after purchasing an additional 4,582 shares in the last quarter. Resona Asset Management Co. Ltd. increased its holdings in shares of Synopsys by 16.3% during the third quarter. Resona Asset Management Co. Ltd. now owns 62,385 shares of the semiconductor company’s stock worth $30,655,000 after purchasing an additional 8,758 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Synopsys by 16.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 111,449 shares of the semiconductor company’s stock valued at $54,988,000 after buying an additional 15,559 shares in the last quarter. Finally, Hunter Associates Investment Management LLC bought a new stake in shares of Synopsys in the third quarter valued at approximately $1,755,000. Institutional investors own 85.47% of the company’s stock.
Synopsys Trading Down 1.6%
Shares of Synopsys stock opened at $501.39 on Friday. The firm’s 50 day moving average is $466.97 and its 200 day moving average is $503.94. The firm has a market capitalization of $95.93 billion, a PE ratio of 62.75, a price-to-earnings-growth ratio of 4.17 and a beta of 1.12. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $651.73. The company has a current ratio of 1.62, a quick ratio of 1.52 and a debt-to-equity ratio of 0.48.
Insider Transactions at Synopsys
In other news, CFO Shelagh Glaser sold 3,657 shares of Synopsys stock in a transaction dated 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 approximately $8,221,058.34. This trade represents a 17.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Janet Lee sold 250 shares of the business’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $530.00, for a total value of $132,500.00. Following the sale, the insider owned 11,959 shares in the company, valued at approximately $6,338,270. This trade represents a 2.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 4,157 shares of company stock valued at $1,945,036. Insiders own 0.62% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. Zacks Research upgraded Synopsys from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. KeyCorp raised their target price on shares of Synopsys from $575.00 to $600.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Wells Fargo & Company upped their price target on shares of Synopsys from $445.00 to $500.00 and gave the stock an “equal weight” rating in a report on Thursday, December 11th. Bank of America raised shares of Synopsys from an “underperform” rating to a “neutral” rating and decreased their price objective for the company from $525.00 to $500.00 in a research note on Monday, December 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Synopsys from $600.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. Nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Synopsys has an average rating of “Moderate Buy” and a consensus price target of $553.57.
View Our Latest Research Report 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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