Sunflower Bank N.A. Raises Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Sunflower Bank N.A. raised its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 16.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 580 shares of the semiconductor company’s stock after purchasing an additional 81 shares during the quarter. Sunflower Bank N.A.’s holdings in Synopsys were worth $282,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNPS. Ashton Thomas Private Wealth LLC acquired a new position in Synopsys in the second quarter valued at approximately $80,000. LPL Financial LLC boosted its position in shares of Synopsys by 12.9% during the 2nd quarter. LPL Financial LLC now owns 94,302 shares of the semiconductor company’s stock valued at $56,115,000 after acquiring an additional 10,745 shares during the last quarter. Johnson Investment Counsel Inc. acquired a new position in Synopsys in the second quarter valued at approximately $638,000. HBK Sorce Advisory LLC boosted its stake in Synopsys by 3.5% during the second quarter. HBK Sorce Advisory LLC now owns 861 shares of the semiconductor company’s stock worth $512,000 after buying an additional 29 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of Synopsys by 7.8% in the 2nd quarter. Parallel Advisors LLC now owns 6,779 shares of the semiconductor company’s stock valued at $4,034,000 after buying an additional 493 shares during the period. 85.47% of the stock is owned by institutional investors and hedge funds.

Synopsys Price Performance

NASDAQ SNPS traded down $5.11 on Monday, reaching $487.43. The company had a trading volume of 876,003 shares, compared to its average volume of 1,016,157. The firm has a 50-day moving average of $523.58 and a 200-day moving average of $528.92. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38. The firm has a market capitalization of $75.35 billion, a PE ratio of 33.57, a P/E/G ratio of 3.41 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Robert W. Baird dropped their price target on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Piper Sandler dropped their target price on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Loop Capital started coverage on shares of Synopsys in a research report on Monday, November 11th. They issued a “buy” rating and a $675.00 price target for the company. Berenberg Bank started coverage on shares of Synopsys in a research note on Tuesday, October 15th. They set a “buy” rating and a $660.00 price target on the stock. Finally, Mizuho initiated coverage on shares of Synopsys in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $641.82.

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.