Motley Fool Asset Management LLC Acquires 1,007 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Motley Fool Asset Management LLC raised its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 14.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,207 shares of the semiconductor company’s stock after acquiring an additional 1,007 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Synopsys were worth $3,983,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. World Investment Advisors raised its stake in shares of Synopsys by 757.5% in the 4th quarter. World Investment Advisors now owns 4,279 shares of the semiconductor company’s stock valued at $2,077,000 after acquiring an additional 3,780 shares in the last quarter. Westpac Banking Corp lifted its stake in shares of Synopsys by 178.2% in the fourth quarter. Westpac Banking Corp now owns 6,359 shares of the semiconductor company’s stock worth $3,086,000 after buying an additional 4,073 shares during the last quarter. Nicolet Advisory Services LLC lifted its stake in shares of Synopsys by 35.1% in the fourth quarter. Nicolet Advisory Services LLC now owns 651 shares of the semiconductor company’s stock worth $321,000 after buying an additional 169 shares during the last quarter. Kesler Norman & Wride LLC bought a new stake in shares of Synopsys during the 4th quarter worth $315,000. Finally, Wisconsin Capital Management LLC raised its holdings in Synopsys by 1.7% in the 4th quarter. Wisconsin Capital Management LLC now owns 1,582 shares of the semiconductor company’s stock worth $768,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Price Performance

SNPS opened at $438.55 on Thursday. The company has a market capitalization of $67.81 billion, a P/E ratio of 30.20, a P/E/G ratio of 3.23 and a beta of 1.16. The firm’s fifty day moving average price is $479.67 and its two-hundred day moving average price is $504.45. Synopsys, Inc. has a fifty-two week low of $420.47 and a fifty-two week high of $624.80.

Insider Activity

In related news, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $463.75, for a total value of $5,270,982.50. Following the sale, the chief executive officer now owns 70,922 shares of the company’s stock, valued at $32,890,077.50. The trade was a 13.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,909 shares of company stock worth $22,794,835. Corporate insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on SNPS. Piper Sandler decreased their price target on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Rosenblatt Securities restated a “buy” rating and set a $660.00 target price on shares of Synopsys in a research note on Tuesday, February 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $650.00 price target on shares of Synopsys in a research report on Thursday, February 27th. Redburn Atlantic assumed coverage on Synopsys in a research report on Monday, January 13th. They issued a “buy” rating and a $600.00 price objective for the company. Finally, Robert W. Baird dropped their target price on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $638.58.

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.