UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 5.5% during the 4th quarter, HoldingsChannel reports. The firm owned 1,950,088 shares of the semiconductor company’s stock after acquiring an additional 101,632 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Synopsys were worth $915,995,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in SNPS. Brighton Jones LLC raised its position in Synopsys by 5.7% in the fourth quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock valued at $447,000 after purchasing an additional 50 shares during the period. Integrated Wealth Concepts LLC raised its position in Synopsys by 11.6% in the first 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 raised its position in Synopsys by 15.1% in the first 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 raised its position in Synopsys by 9.2% in the second 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 raised its position in Synopsys by 2.1% in the second 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 owned by hedge funds and other institutional investors.
Synopsys Stock Performance
Shares of SNPS stock opened at $453.89 on Friday. 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 of $473.57 and a two-hundred day moving average of $460.43. Synopsys, Inc. has a 52 week low of $376.18 and a 52 week high of $651.73. The company has a market cap of $86.91 billion, a P/E ratio of 105.07, a PEG ratio of 2.68 and a beta of 1.22.
Analyst Ratings Changes
Several research analysts have commented on SNPS shares. KeyCorp reissued an “overweight” rating on shares of Synopsys in a research report on Thursday, May 28th. Wells Fargo & Company raised their price objective on Synopsys from $505.00 to $535.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Morgan Stanley raised 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Synopsys in a research report on Monday. Finally, Stifel Nicolaus raised their price objective on Synopsys from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $563.81.
Check Out Our Latest Research 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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