Angeles Wealth Management LLC Has $202,000 Position in Synopsys, Inc. (NASDAQ:SNPS)

Angeles Wealth Management LLC lessened its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 51.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 416 shares of the semiconductor company’s stock after selling 444 shares during the quarter. Angeles Wealth Management LLC’s holdings in Synopsys were worth $202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brookstone Capital Management increased its holdings in shares of Synopsys by 25.5% in the 3rd quarter. Brookstone Capital Management now owns 935 shares of the semiconductor company’s stock valued at $473,000 after purchasing an additional 190 shares during the period. Gateway Investment Advisers LLC boosted its holdings in shares of Synopsys by 9.8% during the third quarter. Gateway Investment Advisers LLC now owns 772 shares of the semiconductor company’s stock worth $391,000 after purchasing an additional 69 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Synopsys by 170.0% during the third quarter. Exchange Traded Concepts LLC now owns 7,739 shares of the semiconductor company’s stock worth $3,919,000 after purchasing an additional 4,873 shares during the period. Compagnie Lombard Odier SCmA boosted its holdings in shares of Synopsys by 35.8% during the third quarter. Compagnie Lombard Odier SCmA now owns 1,830 shares of the semiconductor company’s stock worth $927,000 after purchasing an additional 482 shares during the period. Finally, Redhawk Wealth Advisors Inc. boosted its holdings in shares of Synopsys by 3.2% during the third quarter. Redhawk Wealth Advisors Inc. now owns 5,797 shares of the semiconductor company’s stock worth $2,936,000 after purchasing an additional 182 shares during the period. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Insider Transactions at Synopsys

In other news, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total value of $10,544,236.38. Following the completion of the sale, the executive now directly owns 1,460 shares in the company, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SNPS has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Needham & Company LLC restated a “buy” rating and set a $640.00 price target on shares of Synopsys in a report on Thursday, December 5th. Redburn Atlantic began coverage on shares of Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 price target for the company. Loop Capital began coverage on shares of Synopsys in a research note on Monday, November 11th. They issued a “buy” rating and a $675.00 target price for the company. Finally, Piper Sandler reduced their target price on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $641.82.

Synopsys Trading Up 1.0 %

Shares of Synopsys stock opened at $531.33 on Tuesday. The firm has a fifty day simple moving average of $513.49 and a 200-day simple moving average of $518.39. Synopsys, Inc. has a 1-year low of $457.52 and a 1-year high of $629.38. The stock has a market capitalization of $82.13 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 3.49 and a beta of 1.12.

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.