Douglass Winthrop Advisors LLC Purchases 5,631 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Douglass Winthrop Advisors LLC lifted its position in Synopsys, Inc. (NASDAQ:SNPS) by 118.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,391 shares of the semiconductor company’s stock after buying an additional 5,631 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Synopsys were worth $5,262,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Ascent Group LLC increased its position in shares of Synopsys by 1.7% during the first quarter. Ascent Group LLC now owns 1,978 shares of the semiconductor company’s stock worth $1,130,000 after purchasing an additional 34 shares in the last quarter. Silvercrest Asset Management Group LLC grew its stake in Synopsys by 13.6% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 4,080 shares of the semiconductor company’s stock worth $2,332,000 after buying an additional 488 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in Synopsys by 39.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,599 shares of the semiconductor company’s stock valued at $914,000 after buying an additional 453 shares in the last quarter. California State Teachers Retirement System raised its stake in Synopsys by 0.3% in the first quarter. California State Teachers Retirement System now owns 243,751 shares of the semiconductor company’s stock valued at $139,304,000 after buying an additional 721 shares during the last quarter. Finally, Motley Fool Asset Management LLC raised its stake in Synopsys by 14.4% in the first quarter. Motley Fool Asset Management LLC now owns 5,261 shares of the semiconductor company’s stock valued at $3,007,000 after buying an additional 663 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.

Synopsys Price Performance

Shares of SNPS stock opened at $565.07 on Monday. Synopsys, Inc. has a 1-year low of $457.52 and a 1-year high of $629.38. The company has a market cap of $86.80 billion, a price-to-earnings ratio of 58.62, a PEG ratio of 3.45 and a beta of 1.08. The stock has a 50 day simple moving average of $520.78 and a 200-day simple moving average of $545.63.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SNPS shares. Piper Sandler cut their price objective on shares of Synopsys from $687.00 to $670.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Wells Fargo & Company initiated coverage on shares of Synopsys in a report on Friday. They set an “equal weight” rating and a $570.00 price objective on the stock. Mizuho initiated coverage on Synopsys in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $640.00 price objective on shares of Synopsys in a research note on Tuesday, October 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $635.00 target price on shares of Synopsys in a report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Synopsys presently has an average rating of “Moderate Buy” and a consensus price target of $644.36.

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.