B.O.S.S. Retirement Advisors LLC Takes $736,000 Position in Synopsys, Inc. (NASDAQ:SNPS)

B.O.S.S. Retirement Advisors LLC acquired a new stake in Synopsys, Inc. (NASDAQ:SNPSFree Report) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,517 shares of the semiconductor company’s stock, valued at approximately $736,000.

Several other large investors have also recently bought and sold shares of the stock. Pacifica Partners Inc. bought a new position in shares of Synopsys during the third quarter worth approximately $25,000. Kieckhefer Group LLC bought a new position in shares of Synopsys during the fourth quarter worth approximately $27,000. Tsfg LLC increased its stake in Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 24 shares during the period. Hazlett Burt & Watson Inc. increased its stake in Synopsys by 40.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 20 shares during the period. Finally, Princeton Global Asset Management LLC bought a new position in shares of Synopsys in the third quarter worth $44,000. 85.47% of the stock is owned by institutional investors.

Synopsys Stock Performance

Shares of SNPS opened at $546.19 on Friday. Synopsys, Inc. has a 52 week low of $457.52 and a 52 week high of $629.38. The stock has a 50 day moving average price of $518.68 and a two-hundred day moving average price of $524.17. The firm has a market capitalization of $84.43 billion, a P/E ratio of 37.62, a P/E/G ratio of 3.57 and a beta of 1.12.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SNPS shares. Wells Fargo & Company decreased their price target on Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Redburn Atlantic assumed coverage on Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 price objective for the company. Mizuho started coverage on Synopsys in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price target on the stock. Piper Sandler decreased their price target on Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Finally, Berenberg Bank assumed coverage on Synopsys in a report on Tuesday, October 15th. They issued a “buy” rating and a $660.00 target price on the stock. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Synopsys presently has a consensus rating of “Moderate Buy” and an average price target of $641.82.

Read Our Latest Research Report on Synopsys

Insider Activity

In other news, CRO Richard S. Mahoney sold 20,838 shares of the 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 completion of the transaction, the executive now directly owns 1,460 shares of the company’s stock, valued at $738,774.60. This represents a 93.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is currently owned by corporate insiders.

Synopsys Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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