Manchester Capital Management LLC Sells 74 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Manchester Capital Management LLC lowered its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 20.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 281 shares of the semiconductor company’s stock after selling 74 shares during the period. Manchester Capital Management LLC’s holdings in Synopsys were worth $136,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SNPS. nVerses Capital LLC bought a new position in shares of Synopsys during the third quarter valued at $51,000. Stonegate Investment Group LLC raised its stake in shares of Synopsys by 20.7% during the third quarter. Stonegate Investment Group LLC now owns 613 shares of the semiconductor company’s stock valued at $310,000 after acquiring an additional 105 shares during the last quarter. Inspire Advisors LLC raised its stake in shares of Synopsys by 116.5% during the third quarter. Inspire Advisors LLC now owns 1,169 shares of the semiconductor company’s stock valued at $592,000 after acquiring an additional 629 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Synopsys by 47.9% during the third quarter. Blue Trust Inc. now owns 2,975 shares of the semiconductor company’s stock valued at $1,507,000 after acquiring an additional 963 shares during the last quarter. Finally, Slow Capital Inc. bought a new position in shares of Synopsys during the third quarter valued at $1,747,000. Institutional investors own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

SNPS has been the subject of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $640.00 price objective on shares of Synopsys in a research report on Thursday, December 5th. Robert W. Baird decreased their price objective on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Mizuho initiated coverage on shares of Synopsys in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price objective for the company. Redburn Atlantic initiated coverage on shares of Synopsys in a research report on Monday, January 13th. They set a “buy” rating and a $600.00 price objective for the company. Finally, Loop Capital initiated coverage on shares of Synopsys in a research report on Monday, November 11th. They set a “buy” rating and a $675.00 price objective for the company. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $641.82.

Insider Activity

In other news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys 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 $738,774.60. This trade represents a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Synopsys Trading Down 1.1 %

NASDAQ:SNPS opened at $522.53 on Friday. The stock has a market capitalization of $80.77 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 3.49 and a beta of 1.12. The firm has a fifty day simple moving average of $510.78 and a two-hundred day simple moving average of $518.06. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38.

About Synopsys

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.