Thrivent Financial for Lutherans boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 134.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,367 shares of the semiconductor company’s stock after buying an additional 19,678 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Synopsys were worth $16,146,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in SNPS. Millstone Evans Group LLC acquired a new position in shares of Synopsys in the third quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Synopsys during the 4th quarter valued at approximately $28,000. Oakworth Capital Inc. raised its holdings in Synopsys by 3,700.0% during the 4th quarter. Oakworth Capital Inc. now owns 76 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 74 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in Synopsys during the 3rd quarter worth approximately $38,000. Finally, WealthCollab LLC lifted its position in shares of Synopsys by 110.8% in the 3rd quarter. WealthCollab LLC now owns 78 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 41 shares during the period. 85.47% of the stock is currently owned by institutional investors and hedge funds.
Synopsys Price Performance
SNPS opened at $498.43 on Tuesday. The firm’s fifty day moving average price is $445.38 and its two-hundred day moving average price is $449.55. The company has a market capitalization of $95.48 billion, a price-to-earnings ratio of 77.40, a P/E/G 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. Synopsys, Inc. has a 1 year low of $376.18 and a 1 year high of $651.73.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on SNPS shares. Weiss Ratings restated a “hold (c)” rating on shares of Synopsys in a report on Thursday, January 22nd. Needham & Company LLC reiterated a “buy” rating on shares of Synopsys in a report on Thursday, February 26th. Piper Sandler dropped their price objective on Synopsys from $520.00 to $430.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Morgan Stanley restated an “equal weight” rating and set a $480.00 target price (down from $550.00) on shares of Synopsys in a research report on Wednesday, February 25th. Finally, Citigroup raised their target price on Synopsys from $580.00 to $600.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Eight research 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $536.00.
Check Out Our Latest Stock 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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