Level Four Advisory Services LLC Has $375,000 Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Level Four Advisory Services LLC lifted its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 46.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 773 shares of the semiconductor company’s stock after purchasing an additional 244 shares during the period. Level Four Advisory Services LLC’s holdings in Synopsys were worth $375,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Peloton Wealth Strategists boosted its stake in shares of Synopsys by 221.2% during the 3rd quarter. Peloton Wealth Strategists now owns 2,881 shares of the semiconductor company’s stock worth $1,459,000 after acquiring an additional 1,984 shares in the last quarter. Nordea Investment Management AB boosted its position in Synopsys by 15.9% during the fourth quarter. Nordea Investment Management AB now owns 1,043,995 shares of the semiconductor company’s stock worth $509,261,000 after purchasing an additional 143,284 shares during the period. James Hambro & Partners LLP grew its holdings in Synopsys by 30.9% during the fourth quarter. James Hambro & Partners LLP now owns 201,460 shares of the semiconductor company’s stock valued at $97,725,000 after purchasing an additional 47,527 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Synopsys by 53.2% in the third quarter. Orion Portfolio Solutions LLC now owns 26,272 shares of the semiconductor company’s stock valued at $13,304,000 after purchasing an additional 9,124 shares during the period. Finally, Synovus Financial Corp lifted its stake in shares of Synopsys by 199.2% in the third quarter. Synovus Financial Corp now owns 15,062 shares of the semiconductor company’s stock worth $7,627,000 after buying an additional 10,028 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on SNPS shares. Redburn Atlantic started coverage on shares of Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and set a $650.00 price objective on shares of Synopsys in a research report on Thursday, February 27th. Wells Fargo & Company lowered their target price on Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. Rosenblatt Securities reiterated a “buy” rating and set a $660.00 price target on shares of Synopsys in a report on Tuesday, February 25th. Finally, Piper Sandler reduced their price objective on Synopsys from $655.00 to $653.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Synopsys has a consensus rating of “Moderate Buy” and an average price target of $638.58.

Synopsys Stock Performance

NASDAQ:SNPS opened at $428.85 on Tuesday. The company has a market capitalization of $66.31 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 3.23 and a beta of 1.16. The company has a 50-day moving average of $483.67 and a 200-day moving average of $505.29. Synopsys, Inc. has a 52 week low of $423.08 and a 52 week high of $624.80.

Insider Buying and Selling at Synopsys

In other news, insider Geus Aart De sold 15,705 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total value of $6,979,616.10. Following the completion of the sale, the insider now directly owns 116,671 shares in the company, valued at approximately $51,850,925.82. This trade represents a 11.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the completion of the transaction, the executive now directly owns 1,460 shares of the company’s stock, valued at approximately $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,909 shares of company stock valued at $22,794,835. 0.62% of the stock is currently owned by corporate insiders.

Synopsys 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.