Motley Fool Asset Management LLC lifted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 39.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 17,756 shares of the semiconductor company’s stock after acquiring an additional 4,978 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Synopsys were worth $8,340,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of SNPS. Portfolio Design Labs LLC raised its holdings in shares of Synopsys by 5.3% in the 4th quarter. Portfolio Design Labs LLC now owns 2,164 shares of the semiconductor company’s stock valued at $1,016,000 after buying an additional 109 shares during the period. Monetary Management Group Inc. raised its holdings in shares of Synopsys by 48.8% in the 4th quarter. Monetary Management Group Inc. now owns 1,830 shares of the semiconductor company’s stock valued at $860,000 after buying an additional 600 shares during the period. Howard Bailey Securities LLC raised its holdings in shares of Synopsys by 107.2% in the 4th quarter. Howard Bailey Securities LLC now owns 976 shares of the semiconductor company’s stock valued at $458,000 after buying an additional 505 shares during the period. BLI Banque de Luxembourg Investments raised its holdings in shares of Synopsys by 12.4% in the 4th quarter. BLI Banque de Luxembourg Investments now owns 46,044 shares of the semiconductor company’s stock valued at $21,846,000 after buying an additional 5,079 shares during the period. Finally, Cerity Partners LLC raised its holdings in shares of Synopsys by 57.4% in the 4th quarter. Cerity Partners LLC now owns 103,629 shares of the semiconductor company’s stock valued at $48,677,000 after buying an additional 37,777 shares during the period. 85.47% of the stock is currently owned by hedge funds and other institutional investors.
Synopsys Price Performance
Shares of NASDAQ SNPS opened at $465.27 on Wednesday. The stock’s 50-day moving average is $469.68 and its two-hundred day moving average is $459.47. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.43 and a quick ratio of 1.32. Synopsys, Inc. has a 1-year low of $376.18 and a 1-year high of $651.73. The company has a market cap of $89.09 billion, a price-to-earnings ratio of 107.70, a price-to-earnings-growth ratio of 2.78 and a beta of 1.22.
Wall Street Analyst Weigh In
Several research firms recently issued reports on SNPS. Berenberg Bank set a $633.00 price objective on Synopsys in a report on Wednesday, May 27th. Citigroup boosted their price objective on Synopsys from $600.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Wells Fargo & Company boosted their price objective on Synopsys from $505.00 to $535.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. KeyCorp reiterated an “overweight” rating on shares of Synopsys in a report on Thursday, May 28th. Finally, Stifel Nicolaus boosted their price objective on Synopsys from $550.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Synopsys currently has an average rating of “Hold” and an average price target of $563.81.
View Our Latest Analysis 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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