MeadowBrook Investment Advisors LLC Raises Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

MeadowBrook Investment Advisors LLC increased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 824 shares of the semiconductor company’s stock after purchasing an additional 66 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Synopsys were worth $400,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Kieckhefer Group LLC acquired a new position in Synopsys during the 4th quarter valued at about $27,000. Tsfg LLC increased its position in Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 24 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in Synopsys by 40.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 20 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in Synopsys during the 3rd quarter valued at about $44,000. Finally, nVerses Capital LLC acquired a new position in Synopsys during the 3rd quarter valued at about $51,000. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SNPS. Rosenblatt Securities reaffirmed a “buy” rating and set a $635.00 target price on shares of Synopsys in a research report on Wednesday, December 4th. Piper Sandler cut their price objective on Synopsys from $670.00 to $655.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Wells Fargo & Company cut their price objective on Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Needham & Company LLC reissued a “buy” rating and issued a $640.00 price objective on shares of Synopsys in a report on Thursday, December 5th. Finally, Redburn Atlantic began coverage on Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Synopsys presently has a consensus rating of “Moderate Buy” and an average price target of $641.82.

Insiders Place Their Bets

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

Synopsys Trading Down 0.4 %

Shares of SNPS stock opened at $529.14 on Wednesday. The company has a market capitalization of $81.79 billion, a P/E ratio of 36.44, a P/E/G ratio of 3.49 and a beta of 1.12. The business’s 50 day moving average is $512.80 and its two-hundred day moving average is $518.34. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38.

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.