Cookson Peirce & Co. Inc. acquired a new stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,986 shares of the semiconductor company’s stock, valued at approximately $3,751,000.
Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Synopsys by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 18,464,862 shares of the semiconductor company’s stock valued at $8,673,315,000 after purchasing an additional 283,677 shares during the last quarter. State Street Corp grew its position in Synopsys by 20.6% during the 3rd quarter. State Street Corp now owns 8,760,358 shares of the semiconductor company’s stock worth $4,322,273,000 after acquiring an additional 1,493,912 shares during the last quarter. Geode Capital Management LLC grew its position in Synopsys by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,310,846 shares of the semiconductor company’s stock worth $2,017,256,000 after acquiring an additional 54,329 shares during the last quarter. Victory Capital Management Inc. grew its position in Synopsys by 238.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,824,349 shares of the semiconductor company’s stock worth $1,393,506,000 after acquiring an additional 1,990,608 shares during the last quarter. Finally, Capital Research Global Investors grew its position in Synopsys by 226.6% during the 3rd quarter. Capital Research Global Investors now owns 2,524,512 shares of the semiconductor company’s stock worth $1,245,533,000 after acquiring an additional 1,751,432 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors.
Synopsys Trading Down 6.0%
NASDAQ SNPS opened at $464.85 on Friday. Synopsys, Inc. has a fifty-two week low of $376.18 and a fifty-two week high of $651.73. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.32 and a current ratio of 1.43. The stock has a 50 day simple moving average of $466.55 and a two-hundred day simple moving average of $457.80. The stock has a market cap of $89.01 billion, a P/E ratio of 107.60, a price-to-earnings-growth ratio of 2.83 and a beta of 1.22.
Analysts Set New Price Targets
SNPS has been the topic of several recent research reports. Berenberg Bank set a $633.00 price target on Synopsys in a research report on Wednesday, May 27th. Bank of America raised their price target on Synopsys from $515.00 to $600.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. HSBC lowered Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price target on the stock. in a research report on Friday, February 20th. Piper Sandler raised their price target on Synopsys from $430.00 to $450.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $580.00 price target on shares of Synopsys in a research report on Thursday, May 28th. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Synopsys currently has an average rating of “Hold” and a consensus target price of $563.81.
View Our Latest Report 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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