Synopsys, Inc. (NASDAQ:SNPS) Shares Bought by True North Advisors LLC

True North Advisors LLC boosted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 94.4% in the 4th quarter, Holdings Channel reports. The firm owned 972 shares of the semiconductor company’s stock after buying an additional 472 shares during the period. True North Advisors LLC’s holdings in Synopsys were worth $472,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pacifica Partners Inc. bought a new position in shares of Synopsys in the third quarter valued at $25,000. Kieckhefer Group LLC acquired a new stake in shares of Synopsys during the fourth quarter worth $27,000. Tsfg LLC lifted its holdings in shares of Synopsys by 75.0% during the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 24 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of Synopsys by 40.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 20 shares during the period. Finally, Princeton Global Asset Management LLC purchased a new position in Synopsys in the 3rd quarter worth about $44,000. 85.47% of the stock is currently owned by institutional investors.

Insider Activity

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 shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the transaction, the executive now owns 1,460 shares of the company’s stock, valued at approximately $738,774.60. This trade represents a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $635.00 price objective on shares of Synopsys in a research note on Wednesday, December 4th. Berenberg Bank assumed coverage on shares of Synopsys in a research report on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price target for the company. Wells Fargo & Company lowered their price objective on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Piper Sandler reduced their target price on Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Finally, Loop Capital began coverage on Synopsys in a report on Monday, November 11th. They set a “buy” rating and a $675.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $641.82.

Synopsys Price Performance

Shares of NASDAQ SNPS opened at $544.70 on Thursday. Synopsys, Inc. has a one year low of $457.52 and a one year high of $629.38. The business’s 50-day moving average price is $518.37 and its two-hundred day moving average price is $524.33. The company has a market capitalization of $84.20 billion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 3.47 and a beta of 1.12.

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.