Mirae Asset Global Investments Co. Ltd. Buys 1,045 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Mirae Asset Global Investments Co. Ltd. lifted its position in Synopsys, Inc. (NASDAQ:SNPS) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 159,608 shares of the semiconductor company’s stock after purchasing an additional 1,045 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.10% of Synopsys worth $77,924,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SNPS. Hazlett Burt & Watson Inc. increased 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. Caprock Group LLC grew its stake in shares of Synopsys by 0.5% in the fourth quarter. Caprock Group LLC now owns 3,714 shares of the semiconductor company’s stock worth $1,803,000 after purchasing an additional 20 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in Synopsys by 1.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,447 shares of the semiconductor company’s stock valued at $733,000 after purchasing an additional 22 shares during the period. Resurgent Financial Advisors LLC raised its position in Synopsys by 2.8% during the 3rd quarter. Resurgent Financial Advisors LLC now owns 809 shares of the semiconductor company’s stock valued at $410,000 after purchasing an additional 22 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Synopsys by 6.1% in the 3rd quarter. Larson Financial Group LLC now owns 398 shares of the semiconductor company’s stock worth $202,000 after buying an additional 23 shares during the period. 85.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive now directly owns 1,460 shares in the company, valued at $738,774.60. The trade was a 93.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.66% of the company’s stock.

Synopsys Trading Up 0.7 %

Shares of NASDAQ:SNPS opened at $523.88 on Wednesday. The stock has a fifty day simple moving average of $515.42 and a two-hundred day simple moving average of $519.67. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38. The stock has a market capitalization of $80.98 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 3.44 and a beta of 1.12.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SNPS. Rosenblatt Securities restated a “buy” rating and set a $635.00 target price on shares of Synopsys in a report on Wednesday, December 4th. Mizuho began coverage on shares of Synopsys in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 target price for the company. Loop Capital started coverage on shares of Synopsys in a research report on Monday, November 11th. They set a “buy” rating and a $675.00 price target on the stock. Robert W. Baird lowered their price objective on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Finally, Redburn Atlantic began coverage on Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Synopsys has a consensus rating of “Moderate Buy” and an average target price of $641.82.

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.