Davidson Capital Management Inc. cut its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 28.0% in the 4th quarter, HoldingsChannel reports. The fund owned 5,122 shares of the semiconductor company’s stock after selling 1,987 shares during the period. Davidson Capital Management Inc.’s holdings in Synopsys were worth $2,406,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the stock. Kingswood Wealth Advisors LLC lifted its holdings in shares of Synopsys by 58.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 1,230 shares of the semiconductor company’s stock valued at $578,000 after purchasing an additional 453 shares in the last quarter. KLP Kapitalforvaltning AS lifted its holdings in shares of Synopsys by 0.5% in the fourth quarter. KLP Kapitalforvaltning AS now owns 70,516 shares of the semiconductor company’s stock valued at $33,123,000 after purchasing an additional 370 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Synopsys by 76.1% in the fourth quarter. M&T Bank Corp now owns 24,552 shares of the semiconductor company’s stock valued at $11,533,000 after purchasing an additional 10,612 shares in the last quarter. Caliber Wealth Management LLC KS lifted its holdings in shares of Synopsys by 4.3% in the fourth quarter. Caliber Wealth Management LLC KS now owns 3,161 shares of the semiconductor company’s stock valued at $1,485,000 after purchasing an additional 131 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Synopsys by 9.0% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 511 shares of the semiconductor company’s stock valued at $240,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.
Synopsys Trading Up 2.1%
Shares of Synopsys stock opened at $477.26 on Thursday. Synopsys, Inc. has a 1 year low of $376.18 and a 1 year high of $651.73. The firm has a market cap of $91.42 billion, a PE ratio of 74.11, a P/E/G ratio of 3.82 and a beta of 1.15. The stock has a fifty day moving average price of $424.08 and a 200-day moving average price of $445.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.36 and a quick ratio of 1.26.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Synopsys from $500.00 to $450.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $480.00 target price (down from $550.00) on shares of Synopsys in a research note on Wednesday, February 25th. Rosenblatt Securities cut their target price on Synopsys from $560.00 to $530.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Needham & Company LLC restated a “buy” rating on shares of Synopsys in a research note on Thursday, February 26th. Finally, HSBC downgraded Synopsys from a “buy” rating to a “hold” rating and set a $455.00 target price on the stock. in a research note on Friday, February 20th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $531.00.
View Our Latest 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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