STF Management LP trimmed its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 56.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,172 shares of the semiconductor company’s stock after selling 1,524 shares during the quarter. STF Management LP’s holdings in Synopsys were worth $551,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in SNPS. Vanguard Group Inc. grew its position in Synopsys by 20.7% during the third quarter. Vanguard Group Inc. now owns 18,181,185 shares of the semiconductor company’s stock valued at $8,970,415,000 after buying an additional 3,120,401 shares during the period. Victory Capital Management Inc. grew its position in Synopsys by 238.8% during the third quarter. Victory Capital Management Inc. now owns 2,824,349 shares of the semiconductor company’s stock valued at $1,393,506,000 after buying an additional 1,990,608 shares during the period. Coatue Management LLC bought a new stake in Synopsys during the third quarter valued at approximately $892,605,000. Capital Research Global Investors grew its position in Synopsys by 226.6% during the third quarter. Capital Research Global Investors now owns 2,524,512 shares of the semiconductor company’s stock valued at $1,245,533,000 after buying an additional 1,751,432 shares during the period. Finally, State Street Corp grew its position in Synopsys by 20.6% during the third quarter. State Street Corp now owns 8,760,358 shares of the semiconductor company’s stock valued at $4,322,273,000 after buying an additional 1,493,912 shares during the period. 85.47% of the stock is currently owned by institutional investors.
Synopsys Stock Performance
SNPS opened at $502.42 on Friday. The firm has a market cap of $96.24 billion, a P/E ratio of 78.02, a PEG ratio of 4.10 and a beta of 1.25. 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 company has a 50 day simple moving average of $444.25 and a two-hundred day simple moving average of $449.37. Synopsys, Inc. has a 1-year low of $376.18 and a 1-year high of $651.73.
Analysts Set New Price Targets
SNPS has been the subject of several recent research reports. Piper Sandler cut their price target on Synopsys from $520.00 to $430.00 and set a “neutral” rating for the company in a report on Thursday, February 26th. Citigroup boosted their price target on Synopsys from $580.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group set a $600.00 price target on Synopsys and gave the company a “buy” rating in a report on Wednesday, February 25th. Needham & Company LLC reissued a “buy” rating on shares of Synopsys in a report on Thursday, February 26th. Finally, Wells Fargo & Company boosted their price target on Synopsys from $450.00 to $505.00 and gave the company an “equal weight” rating in a report on Thursday. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $536.00.
Check Out Our Latest Stock Analysis on SNPS
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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