Synopsys, Inc. (NASDAQ:SNPS) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC trimmed its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 27.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 774 shares of the semiconductor company’s stock after selling 287 shares during the quarter. Summit Trail Advisors LLC’s holdings in Synopsys were worth $392,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Davidson Capital Management Inc. increased its holdings in Synopsys by 33,828.6% in the third quarter. Davidson Capital Management Inc. now owns 4,750 shares of the semiconductor company’s stock valued at $2,405,000 after buying an additional 4,736 shares in the last quarter. Swiss National Bank grew its position in shares of Synopsys by 0.7% during the 3rd quarter. Swiss National Bank now owns 454,800 shares of the semiconductor company’s stock valued at $230,306,000 after acquiring an additional 3,200 shares during the period. Harvest Portfolios Group Inc. increased its stake in shares of Synopsys by 3.7% in the 3rd 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 in the last quarter. Parnassus Investments LLC acquired a new position in Synopsys in the 3rd quarter worth about $633,469,000. Finally, Jacobs & Co. CA acquired a new position in Synopsys in the 3rd quarter worth about $10,554,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Trading Down 1.4 %

Shares of NASDAQ SNPS opened at $553.95 on Wednesday. The stock has a market cap of $85.09 billion, a PE ratio of 57.46, a P/E/G ratio of 3.45 and a beta of 1.08. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38. The company has a 50-day moving average of $523.08 and a 200 day moving average of $545.69.

Analyst Ratings Changes

SNPS has been the topic of several research analyst reports. Berenberg Bank began coverage on Synopsys in a report on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on shares of Synopsys from $655.00 to $685.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Wells Fargo & Company started coverage on shares of Synopsys in a report on Friday, November 22nd. They set an “equal weight” rating and a $570.00 price objective on the stock. Loop Capital began coverage on shares of Synopsys in a research report on Monday, November 11th. They issued a “buy” rating and a $675.00 target price on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $640.00 price target on shares of Synopsys in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Synopsys currently has a consensus rating of “Moderate Buy” and a consensus price target of $644.36.

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.