Synopsys, Inc. (NASDAQ:SNPS) Shares Bought by Sunflower Bank N.A.

Sunflower Bank N.A. increased its stake in Synopsys, Inc. (NASDAQ:SNPS) by 16.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 580 shares of the semiconductor company’s stock after acquiring an additional 81 shares during the quarter. Sunflower Bank N.A.’s holdings in Synopsys were worth $282,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. raised its stake in shares of Synopsys by 40.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 20 shares in the last quarter. Green Alpha Advisors LLC raised its holdings in shares of Synopsys by 1.7% during the third quarter. Green Alpha Advisors LLC now owns 1,294 shares of the semiconductor company’s stock worth $655,000 after purchasing an additional 22 shares during the period. Aptus Capital Advisors LLC boosted its holdings in shares of Synopsys by 1.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 1,447 shares of the semiconductor company’s stock valued at $733,000 after buying an additional 22 shares during the period. Resurgent Financial Advisors LLC grew its position in shares of 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 buying an additional 22 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in Synopsys by 6.1% during the third quarter. Larson Financial Group LLC now owns 398 shares of the semiconductor company’s stock worth $202,000 after acquiring an additional 23 shares during the period. 85.47% of the stock is currently owned by institutional investors.

Synopsys Price Performance

Shares of Synopsys stock traded down $5.11 on Monday, hitting $487.43. The company had a trading volume of 876,003 shares, compared to its average volume of 1,016,157. Synopsys, Inc. has a 52 week low of $457.52 and a 52 week high of $629.38. The company has a market cap of $75.35 billion, a PE ratio of 33.57, a PEG ratio of 3.41 and a beta of 1.12. The business has a 50-day simple moving average of $523.58 and a 200-day simple moving average of $528.92.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wells Fargo & Company decreased their target price on Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a research note on Monday. Needham & Company LLC restated a “buy” rating and set a $640.00 price objective on shares of Synopsys in a research report on Thursday, December 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $635.00 target price on shares of Synopsys in a research note on Wednesday, December 4th. Redburn Atlantic initiated coverage on shares of Synopsys in a report on Monday. They set a “buy” rating and a $600.00 price target for the company. Finally, Mizuho began coverage on shares of Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Synopsys has an average rating of “Moderate Buy” and a consensus target price 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.