Livforsakringsbolaget Skandia Omsesidigt Trims Position in Synopsys, Inc. (NASDAQ:SNPS)

Livforsakringsbolaget Skandia Omsesidigt trimmed its position in Synopsys, Inc. (NASDAQ:SNPS) by 30.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,714 shares of the semiconductor company’s stock after selling 1,600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Synopsys were worth $1,801,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Davidson Capital Management Inc. grew its position in Synopsys by 33,828.6% during the third quarter. Davidson Capital Management Inc. now owns 4,750 shares of the semiconductor company’s stock valued at $2,405,000 after buying an additional 4,736 shares during the period. Peloton Wealth Strategists increased its stake in shares of Synopsys by 221.2% in the 3rd quarter. Peloton Wealth Strategists now owns 2,881 shares of the semiconductor company’s stock worth $1,459,000 after purchasing an additional 1,984 shares in the last quarter. Swiss National Bank raised its holdings in Synopsys by 0.7% in the 3rd quarter. Swiss National Bank now owns 454,800 shares of the semiconductor company’s stock worth $230,306,000 after purchasing an additional 3,200 shares during the period. Parnassus Investments LLC purchased a new position in Synopsys during the third quarter valued at $633,469,000. Finally, Harvest Portfolios Group Inc. grew its holdings in Synopsys by 3.7% during the third quarter. Harvest Portfolios Group Inc. now owns 42,121 shares of the semiconductor company’s stock valued at $21,330,000 after purchasing an additional 1,496 shares during the period. 85.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SNPS shares. Berenberg Bank started coverage on Synopsys in a research report on Tuesday, October 15th. They set a “buy” rating and a $660.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $640.00 price target on shares of Synopsys in a report on Thursday, December 5th. Redburn Atlantic assumed coverage on shares of Synopsys in a research report on Monday, January 13th. They set a “buy” rating and a $600.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $635.00 target price on shares of Synopsys in a report on Wednesday, December 4th. Finally, Mizuho began coverage on Synopsys in a report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $641.82.

Synopsys Trading Up 0.9 %

SNPS opened at $533.18 on Friday. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38. The stock has a 50-day moving average of $514.44 and a 200 day moving average of $519.45. The firm has a market cap of $82.42 billion, a P/E ratio of 36.72, a P/E/G ratio of 3.44 and a beta of 1.12.

Insider Transactions at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the transaction, the executive now owns 1,460 shares in the company, valued at $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.66% of the company’s stock.

Synopsys Company Profile

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.