Ferguson Wellman Capital Management Inc. Has $219,000 Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Ferguson Wellman Capital Management Inc. lifted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 12.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 451 shares of the semiconductor company’s stock after buying an additional 50 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Synopsys were worth $219,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Kieckhefer Group LLC acquired a new position in shares of Synopsys during the fourth quarter worth $27,000. Tsfg LLC increased its holdings in Synopsys by 75.0% in the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 24 shares during the period. Hazlett Burt & Watson Inc. increased its holdings in Synopsys by 40.0% in the third 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 during the period. Princeton Global Asset Management LLC acquired a new stake in Synopsys in the third quarter valued at $44,000. Finally, nVerses Capital LLC acquired a new stake in Synopsys in the third quarter valued at $51,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on SNPS. Wells Fargo & Company decreased their price objective on 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 issued a $640.00 price objective on shares of Synopsys in a report on Thursday, December 5th. Redburn Atlantic began coverage on Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 price objective for the company. Robert W. Baird decreased their price objective on Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. 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 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $641.82.

Synopsys Price Performance

SNPS stock opened at $531.33 on Tuesday. The stock has a market capitalization of $82.13 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 3.49 and a beta of 1.12. The company’s 50-day moving average is $513.49 and its 200-day moving average is $518.39. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38.

Insider Transactions at Synopsys

In other news, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction dated 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 transaction, the executive now 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 document filed with the Securities & Exchange Commission, which is available 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.