Nwam LLC Invests $202,000 in Synopsys, Inc. (NASDAQ:SNPS)

Nwam LLC acquired a new stake in shares of Synopsys, Inc. (NASDAQ:SNPS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 398 shares of the semiconductor company’s stock, valued at approximately $202,000.

A number of other hedge funds have also recently bought and sold shares of the company. Davidson Capital Management Inc. lifted its stake in shares of Synopsys by 33,828.6% during the 3rd quarter. Davidson Capital Management Inc. now owns 4,750 shares of the semiconductor company’s stock worth $2,405,000 after purchasing an additional 4,736 shares during the period. Swiss National Bank grew its position in shares of Synopsys by 0.7% in 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 during the period. Harvest Portfolios Group Inc. increased its stake in Synopsys by 3.7% in the third quarter. Harvest Portfolios Group Inc. now owns 42,121 shares of the semiconductor company’s stock valued at $21,330,000 after purchasing an additional 1,496 shares during the last quarter. Parnassus Investments LLC purchased a new position in Synopsys during the third quarter worth about $633,469,000. Finally, Jacobs & Co. CA acquired a new stake in Synopsys in the 3rd quarter worth about $10,554,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Trading Down 0.6 %

Shares of Synopsys stock opened at $561.87 on Tuesday. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38. The stock has a market cap of $86.31 billion, a price-to-earnings ratio of 58.29, a price-to-earnings-growth ratio of 3.45 and a beta of 1.08. The company has a fifty day moving average price of $522.05 and a 200 day moving average price of $545.71.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SNPS shares. Needham & Company LLC reaffirmed a “buy” rating and set a $640.00 price objective on shares of Synopsys in a research note on Tuesday, October 22nd. Wells Fargo & Company assumed coverage on shares of Synopsys in a research report on Friday. They set an “equal weight” rating and a $570.00 price target for the company. Robert W. Baird increased their price target on shares of Synopsys from $661.00 to $663.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Rosenblatt Securities reissued a “buy” rating and set a $635.00 price objective on shares of Synopsys in a research note on Friday, August 23rd. Finally, Berenberg Bank started coverage on Synopsys in a research report on Tuesday, October 15th. They issued a “buy” rating and a $660.00 target price on the stock. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Synopsys presently has a consensus rating of “Moderate Buy” and a consensus target price of $644.36.

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.