Synopsys, Inc. (NASDAQ:SNPS) Stock Position Decreased by Hilltop National Bank

Hilltop National Bank lessened its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 6.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 336 shares of the semiconductor company’s stock after selling 24 shares during the quarter. Hilltop National Bank’s holdings in Synopsys were worth $163,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new position in Synopsys in the 2nd quarter worth about $80,000. MGO One Seven LLC grew its position in Synopsys by 67.6% in the 2nd quarter. MGO One Seven LLC now owns 1,694 shares of the semiconductor company’s stock worth $1,008,000 after purchasing an additional 683 shares during the last quarter. LPL Financial LLC grew its position in Synopsys by 12.9% in the 2nd quarter. LPL Financial LLC now owns 94,302 shares of the semiconductor company’s stock worth $56,115,000 after purchasing an additional 10,745 shares during the last quarter. Johnson Investment Counsel Inc. bought a new position in Synopsys in the 2nd quarter worth about $638,000. Finally, PFG Advisors grew its position in Synopsys by 30.7% in the 2nd quarter. PFG Advisors now owns 4,762 shares of the semiconductor company’s stock worth $2,834,000 after purchasing an additional 1,118 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.

Synopsys Price Performance

SNPS stock opened at $492.54 on Friday. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38. The firm has a market cap of $76.14 billion, a PE ratio of 33.92, a P/E/G ratio of 3.41 and a beta of 1.12. The firm has a 50 day simple moving average of $523.58 and a 200 day simple moving average of $529.90.

Wall Street Analyst Weigh In

SNPS has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $640.00 target price on shares of Synopsys in a research report on Thursday, December 5th. Loop Capital started coverage on shares of Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 price objective for the company. Wells Fargo & Company started coverage on shares of Synopsys in a report on Friday, November 22nd. They issued an “equal weight” rating and a $570.00 price objective for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a report on Wednesday, December 4th. Finally, Piper Sandler decreased their price objective on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a report on Friday, December 6th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $649.00.

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.