Synopsys, Inc. (NASDAQ:SNPS) Shares Purchased by 1900 Wealth Management LLC

1900 Wealth Management LLC boosted its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 1.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,541 shares of the semiconductor company’s stock after acquiring an additional 35 shares during the quarter. 1900 Wealth Management LLC’s holdings in Synopsys were worth $1,719,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kieckhefer Group LLC purchased a new position in shares of Synopsys during the fourth quarter worth about $27,000. Tsfg LLC raised its stake in Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 24 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its position 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. Princeton Global Asset Management LLC purchased a new position in shares of Synopsys in the 3rd quarter valued at approximately $44,000. Finally, nVerses Capital LLC acquired a new position in shares of Synopsys in the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Synopsys Price Performance

Shares of NASDAQ:SNPS opened at $533.18 on Friday. The firm has a market capitalization of $82.42 billion, a price-to-earnings ratio of 36.72, a price-to-earnings-growth ratio of 3.44 and a beta of 1.12. The business’s 50 day simple moving average is $514.44 and its 200-day simple moving average is $519.45. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38.

Insider Buying and Selling

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the firm’s 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 completion of the transaction, the executive now directly owns 1,460 shares in the company, valued at approximately $738,774.60. This trade represents a 93.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Berenberg Bank began coverage on Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 price target for the company. Wells Fargo & Company reduced their target price on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Robert W. Baird dropped their price target on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Redburn Atlantic initiated coverage on shares of Synopsys in a research report on Monday, January 13th. They issued a “buy” rating and a $600.00 price objective for the company. Finally, Loop Capital initiated coverage on Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Synopsys currently has a consensus rating of “Moderate Buy” and a consensus price target of $641.82.

Synopsys 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.