OMERS ADMINISTRATION Corp raised its position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 14.8% in the fourth quarter, HoldingsChannel reports. The firm owned 306,203 shares of the semiconductor company’s stock after acquiring an additional 39,556 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Synopsys were worth $143,830,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 283,677 shares during the period. State Street Corp lifted its stake in shares of Synopsys by 0.3% in the 4th quarter. State Street Corp now owns 8,788,890 shares of the semiconductor company’s stock worth $4,128,317,000 after acquiring an additional 28,532 shares during the period. Morgan Stanley lifted its stake in shares of Synopsys by 2.5% in the 4th quarter. Morgan Stanley now owns 4,573,980 shares of the semiconductor company’s stock worth $2,148,491,000 after acquiring an additional 109,917 shares during the period. Geode Capital Management LLC lifted its stake in shares of Synopsys by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,310,846 shares of the semiconductor company’s stock worth $2,017,256,000 after acquiring an additional 54,329 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Synopsys by 238.8% in the 3rd quarter. Victory Capital Management Inc. now owns 2,824,349 shares of the semiconductor company’s stock worth $1,393,506,000 after acquiring an additional 1,990,608 shares during the period. 85.47% of the stock is owned by institutional investors and hedge funds.
Synopsys Stock Up 0.1%
NASDAQ SNPS opened at $454.38 on Tuesday. 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’s 50 day simple moving average is $474.73 and its 200 day simple moving average is $461.19. Synopsys, Inc. has a 12 month low of $376.18 and a 12 month high of $651.73. The company has a market capitalization of $87.00 billion, a P/E ratio of 105.18, a PEG ratio of 2.67 and a beta of 1.22.
Insider Activity at Synopsys
In related news, CFO Shelagh Glaser sold 3,394 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $450.02, for a total value of $1,527,367.88. Following the sale, the chief financial officer directly owned 14,358 shares in the company, valued at $6,461,387.16. The trade was a 19.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.56% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on SNPS shares. Stifel Nicolaus upped their price target on shares of Synopsys from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Synopsys in a research note on Monday, June 8th. Rosenblatt Securities upped their price target on shares of Synopsys from $530.00 to $575.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Robert W. Baird set a $558.00 price target on shares of Synopsys in a research note on Thursday, May 28th. Finally, Piper Sandler upped their price target on shares of Synopsys from $430.00 to $450.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $563.81.
Read Our Latest Research Report on SNPS
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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