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OVERSEA CHINESE BANKING Corp Ltd Reduces Position in Synopsys, Inc. $SNPS
OVERSEA CHINESE BANKING Corp Ltd reduced its stake in Synopsys, Inc. (NASDAQ:SNPS) by 15.2% in the fourth quarter, selling 3,649 shares and holding 20,321 shares valued at $9.545 million. Despite this reduction, other institutional investors like Stanley Laman Group Ltd., Empirical Asset Management LLC, Strategic Advisors LLC, Ninety One UK Ltd, and Principal Financial Group Inc. increased their positions in Synopsys. The semiconductor company’s stock trades at $467.58, with a market cap of $89.57 billion, and has a consensus “Hold” rating from analysts with an average price target of $531.00.