CIBC Asset Management Inc grew its stake in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 19.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,059 shares of the semiconductor company’s stock after acquiring an additional 16,548 shares during the quarter. CIBC Asset Management Inc’s holdings in Synopsys were worth $47,000,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Synopsys in the 4th quarter valued at $28,000. Oakworth Capital Inc. increased its holdings in shares of Synopsys by 3,700.0% in the 4th quarter. Oakworth Capital Inc. now owns 76 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 74 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Synopsys in the 3rd quarter valued at $38,000. N.E.W. Advisory Services LLC increased its holdings in shares of Synopsys by 128.6% in the 4th quarter. N.E.W. Advisory Services LLC now owns 80 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 45 shares during the period. Finally, WealthCollab LLC increased its holdings in shares of Synopsys by 110.8% in the 3rd quarter. WealthCollab LLC now owns 78 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 41 shares during the period. 85.47% of the stock is currently owned by hedge funds and other institutional investors.
Synopsys Stock Down 2.0%
Shares of SNPS stock opened at $498.02 on Thursday. Synopsys, Inc. has a 1-year low of $376.18 and a 1-year high of $651.73. The stock’s fifty day moving average price is $463.88 and its 200 day moving average price is $457.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.43 and a quick ratio of 1.32. The company has a market cap of $95.36 billion, a price-to-earnings ratio of 115.28, a price-to-earnings-growth ratio of 3.10 and a beta of 1.22.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. BNP Paribas Exane lifted their price target on Synopsys from $425.00 to $450.00 and gave the company an “underperform” rating in a report on Thursday, May 28th. Berenberg Bank set a $633.00 price target on Synopsys in a report on Wednesday, May 27th. KeyCorp reiterated an “overweight” rating on shares of Synopsys in a report on Thursday, May 28th. Needham & Company LLC reiterated a “buy” rating and issued a $580.00 price target on shares of Synopsys in a report on Thursday, May 28th. Finally, Citigroup boosted their target price on Synopsys from $600.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $563.81.
Get Our Latest Report 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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