Reflection Asset Management acquired a new position in Synopsys, Inc. (NASDAQ:SNPS – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,727 shares of the semiconductor company’s stock, valued at approximately $811,000.
A number of other hedge funds also recently bought and sold shares of SNPS. Sankala Group LLC purchased a new stake in Synopsys in the 4th quarter worth approximately $25,000. Tobam lifted its holdings in Synopsys by 52.9% during the fourth quarter. Tobam now owns 2,623 shares of the semiconductor company’s stock valued at $1,232,000 after purchasing an additional 908 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Synopsys during the fourth quarter valued at approximately $326,000. Nolet Wealth Management LLC bought a new position in shares of Synopsys in the fourth quarter worth approximately $228,000. Finally, Phillip James Consulting Co. bought a new position in shares of Synopsys in the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.
Synopsys Price Performance
Shares of SNPS opened at $455.51 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. The business has a fifty day moving average of $479.14 and a 200 day moving average of $462.05. The company has a market cap of $87.22 billion, a PE ratio of 105.44, a P/E/G ratio of 2.68 and a beta of 1.22. Synopsys, Inc. has a 52-week low of $376.18 and a 52-week high of $651.73.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. HSBC cut Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price target on the stock. in a report on Friday, February 20th. BNP Paribas Exane upped their price objective on Synopsys from $425.00 to $450.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. Berenberg Bank set a $633.00 target price on Synopsys in a research report on Wednesday, May 27th. Rosenblatt Securities lifted their target price on Synopsys from $530.00 to $575.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Bank of America boosted their price target on Synopsys from $515.00 to $600.00 and gave the stock a “buy” rating in a 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $563.81.
Read Our Latest Stock Report on Synopsys
Insider Buying and Selling
In other Synopsys news, CFO Shelagh Glaser sold 3,394 shares of Synopsys stock in a transaction on Friday, June 12th. The stock was sold at an average price of $450.02, for a total transaction of $1,527,367.88. Following the completion of the sale, the chief financial officer directly owned 14,358 shares of the company’s stock, valued at $6,461,387.16. The trade was a 19.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sassine Ghazi sold 14,603 shares of Synopsys stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $458.96, for a total value of $6,702,192.88. Following the completion of the sale, the chief executive officer owned 75,020 shares of the company’s stock, valued at $34,431,179.20. The trade was a 16.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.56% of the stock is currently owned by insiders.
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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