DRW Securities LLC Has $448,000 Position in Synopsys, Inc. (NASDAQ:SNPS)

DRW Securities LLC lessened its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 46.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 885 shares of the semiconductor company’s stock after selling 770 shares during the quarter. DRW Securities LLC’s holdings in Synopsys were worth $448,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. ORG Partners LLC boosted its holdings in shares of Synopsys by 600.0% during the second quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 36 shares during the period. Pacifica Partners Inc. bought a new stake in Synopsys in the 3rd quarter valued at $25,000. Tsfg LLC grew its holdings in Synopsys by 75.0% in 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. Chris Bulman Inc bought a new position in Synopsys during the 2nd quarter worth $30,000. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of Synopsys by 40.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 20 shares during the period. Institutional investors own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a research note on Friday, August 23rd. Mizuho began coverage on Synopsys in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price target for the company. Piper Sandler lowered their price objective on Synopsys from $687.00 to $670.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Berenberg Bank assumed coverage on Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 target price on the stock. Finally, Wells Fargo & Company assumed coverage on Synopsys in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $570.00 price target for the company. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $644.36.

Synopsys Stock Down 1.4 %

NASDAQ SNPS opened at $553.95 on Wednesday. The company has a market cap of $85.09 billion, a price-to-earnings ratio of 57.46, a price-to-earnings-growth ratio of 3.43 and a beta of 1.08. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38. The business’s fifty day moving average is $523.08 and its 200 day moving average is $545.69.

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.