Victory Capital Management Inc. trimmed its position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,730,643 shares of the semiconductor company’s stock after selling 93,706 shares during the quarter. Synopsys accounts for about 0.7% of Victory Capital Management Inc.’s holdings, making the stock its 20th largest holding. Victory Capital Management Inc.’s holdings in Synopsys were worth $1,282,666,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings 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 buying an additional 283,677 shares in the last quarter. State Street Corp raised its holdings in shares of Synopsys by 20.6% during the 3rd quarter. State Street Corp now owns 8,760,358 shares of the semiconductor company’s stock valued at $4,322,273,000 after buying an additional 1,493,912 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Synopsys by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,310,846 shares of the semiconductor company’s stock valued at $2,017,256,000 after buying an additional 54,329 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Synopsys by 226.6% during the 3rd quarter. Capital Research Global Investors now owns 2,524,512 shares of the semiconductor company’s stock valued at $1,245,533,000 after buying an additional 1,751,432 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Synopsys by 15.3% during the 3rd quarter. Van ECK Associates Corp now owns 2,216,908 shares of the semiconductor company’s stock valued at $1,093,800,000 after buying an additional 293,784 shares in the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.
Synopsys Trading Down 0.5%
NASDAQ SNPS 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. Synopsys, Inc. has a twelve month low of $376.18 and a twelve month high of $651.73. The firm has a market capitalization of $86.91 billion, a PE ratio of 105.07, a P/E/G ratio of 2.68 and a beta of 1.22. The stock’s 50 day moving average is $473.57 and its 200 day moving average is $460.43.
Wall Street Analysts Forecast Growth
SNPS has been the topic of a number of research reports. 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 report on Thursday, May 28th. Robert W. Baird set a $558.00 price objective on Synopsys in a report on Thursday, May 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Synopsys in a report on Monday. 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. 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 research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $563.81.
View Our Latest Stock Analysis on SNPS
Synopsys 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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