Howard Capital Management Inc. Raises Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Howard Capital Management Inc. grew its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,078 shares of the semiconductor company’s stock after purchasing an additional 113 shares during the quarter. Howard Capital Management Inc.’s holdings in Synopsys were worth $1,979,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SNPS. Kieckhefer Group LLC acquired a new stake in Synopsys during the 4th quarter worth approximately $27,000. Hazlett Burt & Watson Inc. increased its position in shares of Synopsys by 40.0% during the third 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. Sierra Ocean LLC acquired a new stake in shares of Synopsys in the fourth quarter valued at $39,000. Princeton Global Asset Management LLC acquired a new stake in shares of Synopsys in the third quarter valued at $44,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Synopsys in the fourth quarter valued at $51,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Robert W. Baird cut their price target on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Needham & Company LLC restated a “buy” rating and set a $640.00 target price on shares of Synopsys in a research note on Thursday, December 5th. 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 price target for the company. Rosenblatt Securities reiterated a “buy” rating and set a $635.00 price target on shares of Synopsys in a report on Wednesday, December 4th. Finally, Wells Fargo & Company reduced their price objective on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Synopsys presently has an average rating of “Moderate Buy” and an average target price of $641.82.

Synopsys Stock Down 3.9 %

Shares of SNPS stock opened at $474.84 on Monday. The stock’s 50-day moving average price is $510.21 and its 200 day moving average price is $517.67. The stock has a market capitalization of $73.40 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 3.23 and a beta of 1.12. Synopsys, Inc. has a 52-week low of $457.52 and a 52-week high of $629.38.

Insider Activity

In other Synopsys 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 transaction, the executive now directly owns 1,460 shares of the company’s stock, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.66% of the company’s stock.

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.