Benchmark Investment Advisors LLC Sells 414 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Benchmark Investment Advisors LLC lowered its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 12.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,915 shares of the semiconductor company’s stock after selling 414 shares during the quarter. Benchmark Investment Advisors LLC’s holdings in Synopsys were worth $1,415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SNPS. Himension Capital Singapore PTE. LTD. increased its position in Synopsys by 50.7% during the 4th quarter. Himension Capital Singapore PTE. LTD. now owns 27,909 shares of the semiconductor company’s stock worth $13,546,000 after buying an additional 9,394 shares during the period. Ilmarinen Mutual Pension Insurance Co grew its stake in shares of Synopsys by 42.4% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 53,746 shares of the semiconductor company’s stock valued at $26,086,000 after acquiring an additional 16,000 shares in the last quarter. Aviva PLC increased its position in Synopsys by 6.5% during the fourth quarter. Aviva PLC now owns 92,509 shares of the semiconductor company’s stock worth $44,900,000 after acquiring an additional 5,663 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Synopsys in the 4th quarter worth about $1,229,000. Finally, Mizuho Bank Ltd. bought a new stake in Synopsys in the 4th quarter valued at about $58,000. 85.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Synopsys

In other Synopsys news, insider Geus Aart De sold 15,705 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the sale, the insider now owns 116,671 shares of the company’s stock, valued at approximately $51,850,925.82. The trade was a 11.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Richard S. Mahoney sold 20,838 shares of the 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 transaction, the executive now owns 1,460 shares of the company’s stock, valued at $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,909 shares of company stock valued at $22,794,835. 0.62% of the stock is currently owned by insiders.

Synopsys Stock Down 7.1 %

Shares of SNPS stock opened at $388.13 on Friday. The business has a fifty day simple moving average of $473.83 and a 200 day simple moving average of $503.09. The company has a market cap of $60.01 billion, a P/E ratio of 26.73, a P/E/G ratio of 3.23 and a beta of 1.23. Synopsys, Inc. has a twelve month low of $387.41 and a twelve month high of $624.80.

Analyst Ratings Changes

Several research analysts have recently commented on SNPS shares. Piper Sandler lowered their target price on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Wells Fargo & Company lowered their price objective on Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. Morgan Stanley dropped their price objective on Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Redburn Atlantic assumed coverage on Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 target price on the stock. Finally, Rosenblatt Securities restated a “buy” rating and issued a $660.00 price target on shares of Synopsys in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Synopsys presently has a consensus rating of “Moderate Buy” and an average price target 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.