Capital Investment Counsel Inc Purchases 25 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Capital Investment Counsel Inc raised its position in Synopsys, Inc. (NASDAQ:SNPS) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,535 shares of the semiconductor company’s stock after acquiring an additional 25 shares during the quarter. Capital Investment Counsel Inc’s holdings in Synopsys were worth $1,230,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kieckhefer Group LLC bought a new position in Synopsys in the fourth quarter valued at about $27,000. Hazlett Burt & Watson Inc. lifted its holdings in Synopsys by 40.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 20 shares during the period. Sierra Ocean LLC bought a new position in Synopsys in the fourth quarter valued at about $39,000. Princeton Global Asset Management LLC bought a new position in Synopsys in the third quarter valued at about $44,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Synopsys in the fourth quarter valued at about $51,000. Institutional investors own 85.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on SNPS shares. Robert W. Baird lowered their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Loop Capital assumed coverage on Synopsys in a research note on Monday, November 11th. They issued a “buy” rating and a $675.00 price objective on the stock. Redburn Atlantic assumed coverage on Synopsys in a research note on Monday, January 13th. They issued a “buy” rating and a $600.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $640.00 price objective on shares of Synopsys in a research note on Thursday, December 5th. Finally, Wells Fargo & Company decreased their price objective on Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $641.82.

Synopsys Trading Down 1.4 %

NASDAQ:SNPS opened at $493.97 on Friday. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38. The stock has a 50-day moving average price of $511.23 and a 200 day moving average price of $517.61. The stock has a market capitalization of $76.36 billion, a P/E ratio of 34.02, a P/E/G ratio of 3.28 and a beta of 1.12.

Insider Buying and Selling

In related news, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the completion of the sale, the executive now owns 1,460 shares in the company, valued at approximately $738,774.60. This trade represents a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by company insiders.

Synopsys 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.