DSM Capital Partners LLC Has $59.29 Million Holdings in Synopsys, Inc. (NASDAQ:SNPS)

DSM Capital Partners LLC raised its stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 122,163 shares of the semiconductor company's stock after purchasing an additional 2,790 shares during the period. Synopsys accounts for approximately 0.9% of DSM Capital Partners LLC's holdings, making the stock its 23rd biggest holding. DSM Capital Partners LLC owned 0.08% of Synopsys worth $59,293,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SNPS. Kieckhefer Group LLC bought a new stake in shares of Synopsys during the 4th quarter valued at about $27,000. Hazlett Burt & Watson Inc. grew its position in shares of Synopsys by 40.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company's stock valued at $35,000 after buying an additional 20 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Synopsys during the 4th quarter valued at about $39,000. Princeton Global Asset Management LLC bought a new stake in shares of Synopsys during the 3rd quarter valued at about $44,000. Finally, nVerses Capital LLC bought a new stake in shares of Synopsys during the 3rd quarter valued at about $51,000. Institutional investors own 85.47% of the company's stock.

Insider Transactions at Synopsys

In related news, CRO Richard S. Mahoney sold 20,838 shares of the 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 completion of the sale, the executive now directly owns 1,460 shares of the company's stock, valued at $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.66% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lowered 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. Rosenblatt Securities reissued a "buy" rating and set a $635.00 target price on shares of Synopsys in a research note on Wednesday, December 4th. Wells Fargo & Company reduced their target price on shares of Synopsys from $570.00 to $540.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Loop Capital assumed coverage on shares of Synopsys in a research note on Monday, November 11th. They set a "buy" rating and a $675.00 target price for the company. Finally, Piper Sandler reduced their target price on shares of Synopsys from $670.00 to $655.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Synopsys currently has a consensus rating of "Moderate Buy" and a consensus price target of $641.82.

Synopsys Stock Performance

Shares of NASDAQ:SNPS traded down $19.13 during trading on Friday, reaching $474.84. The company had a trading volume of 1,370,372 shares, compared to its average volume of 1,066,749. The firm's fifty day moving average is $510.88 and its 200 day moving average is $517.44. The firm has a market capitalization of $73.40 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 3.28 and a beta of 1.12. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38.

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.