Synopsys, Inc. (NASDAQ:SNPS) Holdings Trimmed by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 24.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 48,278 shares of the semiconductor company’s stock after selling 15,819 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Synopsys were worth $23,432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Davidson Capital Management Inc. lifted its stake in Synopsys by 33,828.6% in the 3rd quarter. Davidson Capital Management Inc. now owns 4,750 shares of the semiconductor company’s stock worth $2,405,000 after acquiring an additional 4,736 shares in the last quarter. Peloton Wealth Strategists boosted its holdings in shares of Synopsys by 221.2% during the third quarter. Peloton Wealth Strategists now owns 2,881 shares of the semiconductor company’s stock worth $1,459,000 after purchasing an additional 1,984 shares during the period. Swiss National Bank grew its position in Synopsys by 0.7% during the third quarter. Swiss National Bank now owns 454,800 shares of the semiconductor company’s stock valued at $230,306,000 after purchasing an additional 3,200 shares in the last quarter. Parnassus Investments LLC acquired a new position in Synopsys in the 3rd quarter valued at approximately $633,469,000. Finally, Harvest Portfolios Group Inc. lifted its position in Synopsys by 3.7% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 42,121 shares of the semiconductor company’s stock worth $21,330,000 after buying an additional 1,496 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

SNPS has been the topic of a number of research reports. Berenberg Bank began coverage on shares of Synopsys in a research note on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price target on the stock. Piper Sandler cut their price target on Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Robert W. Baird lowered their price target on Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Mizuho began coverage on shares of Synopsys in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 target price for the company. Finally, Rosenblatt Securities restated a “buy” rating and set a $635.00 price target on shares of Synopsys in a research note on Wednesday, December 4th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Synopsys currently has an average rating of “Moderate Buy” and an average price target of $641.82.

Synopsys Price Performance

Shares of Synopsys stock opened at $526.36 on Friday. The firm has a fifty day moving average price of $517.68 and a two-hundred day moving average price of $521.54. Synopsys, Inc. has a fifty-two week low of $457.52 and a fifty-two week high of $629.38. The company has a market cap of $81.36 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 3.57 and a beta of 1.12.

Insider Buying and Selling

In other news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the sale, the executive now owns 1,460 shares of the company’s stock, valued at approximately $738,774.60. This trade represents a 93.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is owned by company insiders.

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.