Resources Management Corp CT ADV Has $725,000 Position in Synopsys, Inc. (NASDAQ:SNPS)

Resources Management Corp CT ADV raised its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 319.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,432 shares of the semiconductor company’s stock after purchasing an additional 1,091 shares during the quarter. Resources Management Corp CT ADV’s holdings in Synopsys were worth $725,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. M&G Plc grew its holdings in shares of Synopsys by 50.1% during the 2nd quarter. M&G Plc now owns 2,947 shares of the semiconductor company’s stock valued at $1,753,000 after acquiring an additional 983 shares in the last quarter. ORG Partners LLC grew its holdings in shares of Synopsys by 600.0% during the 2nd quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 36 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Synopsys by 8.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,575 shares of the semiconductor company’s stock valued at $7,483,000 after acquiring an additional 988 shares in the last quarter. 180 Wealth Advisors LLC purchased a new position in shares of Synopsys during the 2nd quarter valued at $359,000. Finally, Investment Advisory Services Inc. TX ADV purchased a new position in shares of Synopsys during the 2nd quarter valued at $214,000. 85.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on SNPS shares. JPMorgan Chase & Co. boosted their price target on shares of Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Mizuho initiated coverage on shares of Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and issued a $640.00 price objective on shares of Synopsys in a report on Thursday, December 5th. Robert W. Baird decreased 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, Berenberg Bank initiated coverage on shares of Synopsys in a report on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price objective for the company. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $649.00.

Synopsys Price Performance

Synopsys stock opened at $505.32 on Wednesday. The firm has a fifty day moving average price of $529.97 and a two-hundred day moving average price of $544.15. The firm has a market cap of $77.62 billion, a price-to-earnings ratio of 34.80, a P/E/G ratio of 3.25 and a beta of 1.08. Synopsys, Inc. has a fifty-two week low of $457.52 and a fifty-two week high of $629.38.

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.