Meiji Yasuda Asset Management Co Ltd. decreased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,426 shares of the semiconductor company’s stock after selling 1,160 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Synopsys were worth $5,367,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC raised its stake in shares of Synopsys by 2.0% in the fourth quarter. Sowell Financial Services LLC now owns 1,056 shares of the semiconductor company’s stock valued at $496,000 after acquiring an additional 21 shares during the last quarter. Natural Investments LLC raised its stake in shares of Synopsys by 4.6% in the fourth quarter. Natural Investments LLC now owns 482 shares of the semiconductor company’s stock valued at $226,000 after acquiring an additional 21 shares during the last quarter. Financial Management Professionals Inc. raised its stake in shares of Synopsys by 7.0% in the fourth quarter. Financial Management Professionals Inc. now owns 335 shares of the semiconductor company’s stock valued at $157,000 after acquiring an additional 22 shares during the last quarter. Foronjy Financial LLC raised its stake in shares of Synopsys by 5.2% in the fourth quarter. Foronjy Financial LLC now owns 446 shares of the semiconductor company’s stock valued at $210,000 after acquiring an additional 22 shares during the last quarter. Finally, Barden Capital Management Inc. raised its stake in shares of Synopsys by 1.2% in the fourth quarter. Barden Capital Management Inc. now owns 1,868 shares of the semiconductor company’s stock valued at $877,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.
Synopsys Stock Performance
SNPS stock opened at $524.74 on Friday. 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 moving average price of $451.00 and a 200 day moving average price of $451.09. Synopsys, Inc. has a fifty-two week low of $376.18 and a fifty-two week high of $651.73. The stock has a market capitalization of $100.52 billion, a PE ratio of 81.48, a price-to-earnings-growth ratio of 4.12 and a beta of 1.25.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on SNPS. Morgan Stanley reiterated an “equal weight” rating and issued a $480.00 target price (down from $550.00) on shares of Synopsys in a research note on Wednesday, February 25th. HSBC cut shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 target price for the company. in a research note on Friday, February 20th. Citigroup lifted their target price on shares of Synopsys from $580.00 to $600.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Piper Sandler cut their target price on shares of Synopsys from $520.00 to $430.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Finally, The Goldman Sachs Group set a $600.00 target price on shares of Synopsys and gave the company a “buy” rating in a research note on Wednesday, February 25th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $536.00.
Get Our Latest Stock Report on Synopsys
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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