Synopsys, Inc. (NASDAQ:SNPS) Shares Purchased by 1900 Wealth Management LLC

1900 Wealth Management LLC boosted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,541 shares of the semiconductor company’s stock after acquiring an additional 35 shares during the quarter. 1900 Wealth Management LLC’s holdings in Synopsys were worth $1,719,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SNPS. Kieckhefer Group LLC acquired a new stake in shares of Synopsys during the 4th quarter worth about $27,000. Tsfg LLC boosted its stake in Synopsys by 75.0% during the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after buying an additional 24 shares during the period. Hazlett Burt & Watson Inc. increased its position in shares of Synopsys by 40.0% during 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 last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of Synopsys in the 3rd quarter valued at approximately $44,000. Finally, nVerses Capital LLC acquired a new position in shares of Synopsys in the 3rd quarter worth approximately $51,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Synopsys Trading Up 0.9 %

Shares of NASDAQ:SNPS opened at $533.18 on Friday. Synopsys, Inc. has a 52 week low of $457.52 and a 52 week high of $629.38. The company’s 50 day moving average is $514.44 and its two-hundred day moving average is $519.45. The company has a market cap of $82.42 billion, a PE ratio of 36.72, a P/E/G ratio of 3.44 and a beta of 1.12.

Wall Street Analyst Weigh In

SNPS has been the subject of several research reports. Berenberg Bank initiated coverage on shares of Synopsys in a report on Tuesday, October 15th. They issued a “buy” rating and a $660.00 target price for the company. Wells Fargo & Company dropped their price objective on Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Robert W. Baird lowered their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $635.00 target price on shares of Synopsys in a research report on Wednesday, December 4th. Finally, Mizuho assumed coverage on shares of Synopsys in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price target on the stock. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $641.82.

Insider Buying and Selling

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the firm’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 transaction of $10,544,236.38. Following the sale, the executive now owns 1,460 shares of the company’s stock, valued at approximately $738,774.60. This trade represents a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.66% of the company’s stock.

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.