Synopsys, Inc. (NASDAQ:SNPS) Position Decreased by Forsta AP Fonden

Forsta AP Fonden cut its stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 22.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,400 shares of the semiconductor company's stock after selling 9,200 shares during the period. Forsta AP Fonden's holdings in Synopsys were worth $15,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in SNPS. Pacifica Partners Inc. acquired a new position in shares of Synopsys in the 3rd quarter worth approximately $25,000. Kieckhefer Group LLC acquired a new stake in shares of Synopsys in the 4th quarter valued at $27,000. Tsfg LLC lifted its position in shares of Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company's stock worth $28,000 after buying an additional 24 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its holdings 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 last quarter. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Synopsys in the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 85.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SNPS shares. Redburn Atlantic initiated coverage on shares of Synopsys in a research note on Monday, January 13th. They issued a "buy" rating and a $600.00 price objective on the stock. Loop Capital started coverage on shares of Synopsys in a research note on Monday, November 11th. They set a "buy" rating and a $675.00 price target on the stock. Piper Sandler decreased their price objective on Synopsys from $670.00 to $655.00 and set an "overweight" rating on the stock in a report on Friday, December 6th. 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 note on Thursday, December 5th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $635.00 price target on shares of Synopsys in a report on Wednesday, December 4th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $641.82.

Insider Buying and Selling

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the business's stock in a transaction on 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 transaction, the executive now owns 1,460 shares in the company, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.66% of the company's stock.

Synopsys Price Performance

SNPS traded up $7.55 during trading hours on Thursday, hitting $520.26. 176,246 shares of the stock were exchanged, compared to its average volume of 1,087,663. The stock has a market cap of $80.42 billion, a price-to-earnings ratio of 35.88, a price-to-earnings-growth ratio of 3.57 and a beta of 1.12. The stock has a 50-day simple moving average of $517.68 and a 200-day simple moving average of $521.54. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38.

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.