M&T Bank Corp Has $5.45 Million Position in Synopsys, Inc. (NASDAQ:SNPS)

M&T Bank Corp increased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 48.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,763 shares of the semiconductor company's stock after acquiring an additional 3,509 shares during the quarter. M&T Bank Corp's holdings in Synopsys were worth $5,450,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. ORG Partners LLC grew its position in shares of Synopsys by 600.0% during the second quarter. ORG Partners LLC now owns 42 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 36 shares during the last quarter. Pacifica Partners Inc. bought a new position in Synopsys in the 3rd quarter worth about $25,000. Tsfg LLC increased its stake 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 purchasing an additional 24 shares during the period. Chris Bulman Inc bought a new stake in shares of Synopsys during the second quarter valued at approximately $30,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of Synopsys by 40.0% during the third 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. Institutional investors own 85.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SNPS. Rosenblatt Securities restated a "buy" rating and issued a $635.00 target price on shares of Synopsys in a research report on Wednesday, December 4th. Berenberg Bank assumed coverage on shares of Synopsys in a report on Tuesday, October 15th. They issued a "buy" rating and a $660.00 price objective for the company. Mizuho initiated coverage on shares of Synopsys in a research note on Tuesday, October 22nd. They set an "outperform" rating and a $650.00 target price on the stock. Robert W. Baird reduced their price target 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, Piper Sandler lowered their price objective on shares of Synopsys from $670.00 to $655.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $649.00.

Synopsys Price Performance

Shares of SNPS traded down $3.45 during trading hours on Friday, hitting $508.28. 1,215,098 shares of the company were exchanged, compared to its average volume of 1,077,946. The firm has a fifty day simple moving average of $530.80 and a 200-day simple moving average of $543.13. The company has a market capitalization of $78.08 billion, a PE ratio of 35.24, a PEG ratio of 3.43 and a beta of 1.08. Synopsys, Inc. has a one year low of $457.52 and a one year 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.