Advisors Capital Management LLC Sells 2,470 Shares of Synopsys, Inc. $SNPS

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Advisors Capital Management LLC has reduced its stake in Synopsys, Inc. (NASDAQ:SNPS) by 29.4%, selling 2,470 shares and now holding 5,942 shares valued at $2.79 million. This divestment comes as several brokerages have lowered their price targets and ratings on Synopsys, with a current consensus of “Hold” and an average price target of $531. Despite these reductions, the semiconductor company recently beat quarterly earnings estimates with $3.77 EPS and $2.41 billion in revenue, showing a 65.6% year-over-year revenue increase.

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