Bogart Wealth LLC bought a new stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,622 shares of the semiconductor company's stock, valued at approximately $6,126,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Kieckhefer Group LLC purchased a new stake in shares of Synopsys during the 4th quarter worth $27,000. Tsfg LLC boosted its holdings in shares of Synopsys by 75.0% in the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 24 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of 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 in the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of Synopsys in the third quarter valued at about $44,000. Finally, nVerses Capital LLC purchased a new stake in Synopsys during the third quarter worth about $51,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have issued reports on SNPS shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $640.00 price target on shares of Synopsys in a report on Thursday, December 5th. Piper Sandler dropped their price target on shares of Synopsys from $670.00 to $655.00 and set an "overweight" rating for the company in a research report on Friday, December 6th. Rosenblatt Securities reaffirmed a "buy" rating and set a $635.00 price target on shares of Synopsys in a research report on Wednesday, December 4th. Mizuho assumed coverage on shares of Synopsys in a research report on Tuesday, October 22nd. They issued an "outperform" rating and a $650.00 price objective for the company. Finally, Robert W. Baird dropped their price objective on shares of Synopsys from $644.00 to $630.00 and set an "outperform" rating for the company in a research report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Synopsys has an average rating of "Moderate Buy" and an average target price of $641.82.
Check Out Our Latest Analysis on Synopsys
Synopsys Trading Up 0.5 %
NASDAQ:SNPS traded up $2.47 during trading hours on Tuesday, hitting $525.00. 1,118,587 shares of the company traded hands, compared to its average volume of 1,006,765. The stock has a market capitalization of $81.15 billion, a price-to-earnings ratio of 36.16, a P/E/G ratio of 3.49 and a beta of 1.12. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38. The firm has a 50-day moving average of $511.06 and a 200 day moving average of $517.59.
Insider Buying and Selling at Synopsys
In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the company's stock in a transaction dated 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 directly owns 1,460 shares in the company, valued at approximately $738,774.60. This represents a 93.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.66% of the company's stock.
About Synopsys
(
Free Report)
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.
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