Napean Trading & Investment Co Singapore PTE Ltd reduced its stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 11.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,818 shares of the semiconductor company’s stock after selling 3,920 shares during the quarter. Synopsys comprises 2.7% of Napean Trading & Investment Co Singapore PTE Ltd’s portfolio, making the stock its 9th biggest position. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in Synopsys were worth $14,006,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of SNPS. Brighton Jones LLC grew its position in shares of Synopsys by 5.7% during the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock worth $447,000 after buying an additional 50 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Synopsys by 11.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 760 shares of the semiconductor company’s stock valued at $326,000 after purchasing an additional 79 shares during the period. NewEdge Advisors LLC grew its position in shares of Synopsys by 15.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,010 shares of the semiconductor company’s stock valued at $1,291,000 after purchasing an additional 395 shares during the period. WINTON GROUP Ltd grew its position in shares of Synopsys by 9.2% in the 2nd quarter. WINTON GROUP Ltd now owns 758 shares of the semiconductor company’s stock valued at $389,000 after purchasing an additional 64 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in shares of Synopsys by 2.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 72,095 shares of the semiconductor company’s stock valued at $36,962,000 after purchasing an additional 1,505 shares during the period. 85.47% of the stock is currently owned by institutional investors and hedge funds.
Synopsys Trading Down 0.5%
NASDAQ:SNPS opened at $453.89 on Friday. Synopsys, Inc. has a twelve month low of $376.18 and a twelve 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. The business has a 50 day moving average price of $473.57 and a two-hundred day moving average price of $460.43. The company has a market cap of $86.91 billion, a P/E ratio of 105.07, a price-to-earnings-growth ratio of 2.67 and a beta of 1.22.
Analyst Upgrades and Downgrades
SNPS has been the subject of several research analyst reports. HSBC lowered Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price objective for the company. in a research report on Friday, February 20th. Berenberg Bank set a $633.00 price objective on Synopsys in a research report on Wednesday, May 27th. Needham & Company LLC reiterated a “buy” rating and issued a $580.00 price objective on shares of Synopsys in a research report on Thursday, May 28th. Morgan Stanley boosted their price objective on Synopsys from $480.00 to $525.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Finally, KeyCorp reiterated an “overweight” rating on shares of Synopsys in a research report on Thursday, May 28th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Synopsys presently has a consensus rating of “Hold” and an average price target of $563.81.
Check Out Our Latest Analysis on Synopsys
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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