SBI Securities Co. Ltd. Purchases New Shares in Synopsys, Inc. (NASDAQ:SNPS)

SBI Securities Co. Ltd. purchased a new position in Synopsys, Inc. (NASDAQ:SNPS) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,869 shares of the semiconductor company’s stock, valued at approximately $1,392,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kieckhefer Group LLC acquired a new stake in shares of Synopsys during the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC purchased a new position in Synopsys during the 4th quarter worth approximately $33,000. Hazlett Burt & Watson Inc. grew 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 purchasing an additional 20 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Synopsys during the 4th quarter valued at $39,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of Synopsys in the third quarter valued at $44,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insiders Place Their Bets

In related news, CRO Richard S. Mahoney sold 20,838 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was 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. This trade represents a 93.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.62% of the company’s stock.

Synopsys Trading Up 0.6 %

Shares of NASDAQ:SNPS opened at $457.28 on Monday. The stock has a market capitalization of $70.70 billion, a PE ratio of 31.49, a P/E/G ratio of 3.23 and a beta of 1.12. Synopsys, Inc. has a 1 year low of $448.11 and a 1 year high of $624.80. The firm has a fifty day moving average price of $506.14 and a 200 day moving average price of $515.49.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SNPS shares. Robert W. Baird lowered 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. Redburn Atlantic initiated coverage on Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 target price on the stock. Wells Fargo & Company reduced their price target on shares of Synopsys from $540.00 to $520.00 and set an “equal weight” rating for the company in a research report on Thursday. Piper Sandler lowered their price objective on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $660.00 target price on shares of Synopsys in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Synopsys presently has a consensus rating of “Moderate Buy” and a consensus target price of $638.58.

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.