Davidson Capital Management Inc. Has $2.85 Million Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Davidson Capital Management Inc. grew its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 23.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,874 shares of the semiconductor company's stock after purchasing an additional 1,124 shares during the period. Davidson Capital Management Inc.'s holdings in Synopsys were worth $2,851,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SNPS. Kieckhefer Group LLC bought a new stake in Synopsys during the 4th quarter worth about $27,000. Tsfg LLC increased its position 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 during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Synopsys by 40.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 20 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in Synopsys during the third quarter valued at approximately $44,000. Finally, nVerses Capital LLC bought a new position in Synopsys in the third quarter valued at approximately $51,000. 85.47% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total value of $10,544,236.38. Following the completion of the sale, the executive now directly owns 1,460 shares in the company, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.66% of the stock is currently owned by company insiders.

Synopsys Stock Performance

Shares of NASDAQ SNPS traded down $19.43 during trading hours on Wednesday, reaching $509.71. 979,675 shares of the stock were exchanged, compared to its average volume of 1,003,498. The stock's fifty day simple moving average is $511.98 and its 200 day simple moving average is $518.22. The firm has a market capitalization of $78.79 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 3.49 and a beta of 1.12. Synopsys, Inc. has a 52 week low of $457.52 and a 52 week high of $629.38.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SNPS. Robert W. Baird dropped their price objective on Synopsys from $644.00 to $630.00 and set an "outperform" rating on the stock in a research note 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 on the stock in a research report on Friday, December 6th. Berenberg Bank began coverage on shares of Synopsys in a research note on Tuesday, October 15th. They issued a "buy" rating and a $660.00 price target for the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $635.00 target price on shares of Synopsys in a report on Wednesday, December 4th. Finally, Loop Capital assumed coverage on Synopsys in a research report on Monday, November 11th. They set a "buy" rating and a $675.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $641.82.

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.