Gryphon Financial Partners LLC Has $260,000 Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Gryphon Financial Partners LLC decreased its position in Synopsys, Inc. (NASDAQ:SNPS) by 53.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 536 shares of the semiconductor company’s stock after selling 621 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Synopsys were worth $260,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stephens Inc. AR grew its position in shares of Synopsys by 3.9% during the 3rd quarter. Stephens Inc. AR now owns 1,530 shares of the semiconductor company’s stock worth $775,000 after buying an additional 58 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in Synopsys by 8.6% in the third quarter. Chicago Partners Investment Group LLC now owns 784 shares of the semiconductor company’s stock valued at $387,000 after buying an additional 62 shares during the period. Princeton Global Asset Management LLC bought a new position in Synopsys in the third quarter valued at approximately $44,000. Janney Montgomery Scott LLC grew its holdings in Synopsys by 0.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 46,507 shares of the semiconductor company’s stock worth $23,551,000 after acquiring an additional 337 shares during the period. Finally, Angeles Wealth Management LLC grew its holdings in Synopsys by 81.8% during the 3rd quarter. Angeles Wealth Management LLC now owns 860 shares of the semiconductor company’s stock worth $435,000 after acquiring an additional 387 shares during the period. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Stock Performance

Shares of NASDAQ:SNPS opened at $443.26 on Tuesday. Synopsys, Inc. has a 52-week low of $442.29 and a 52-week high of $624.80. The company has a market capitalization of $68.54 billion, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 3.23 and a beta of 1.12. The company has a 50-day simple moving average of $505.15 and a 200 day simple moving average of $514.75.

Insider Activity

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total value of $10,544,236.38. Following the transaction, the executive now directly owns 1,460 shares of the company’s stock, valued at $738,774.60. This represents a 93.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

SNPS has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Piper Sandler lowered their target price on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Robert W. Baird reduced their price target on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Needham & Company LLC restated a “buy” rating and issued a $650.00 price target on shares of Synopsys in a report on Thursday, February 27th. Finally, Loop Capital initiated coverage on Synopsys in a research note on Monday, November 11th. They set a “buy” rating and a $675.00 target price for the company. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Synopsys presently has an average rating of “Moderate Buy” and an average target price of $638.58.

About Synopsys

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.