Synopsys, Inc. (NASDAQ:SNPS) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 10.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,089 shares of the semiconductor company's stock after purchasing an additional 5,483 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Synopsys were worth $28,403,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SNPS. ORG Partners LLC raised its holdings in shares of Synopsys by 600.0% in the second quarter. ORG Partners LLC now owns 42 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 36 shares in the last quarter. Pacifica Partners Inc. purchased a new position in Synopsys during the third quarter valued at approximately $25,000. Tsfg LLC raised its stake in Synopsys by 75.0% in the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company's stock worth $28,000 after buying an additional 24 shares in the last quarter. Chris Bulman Inc bought a new stake in Synopsys during the 2nd quarter valued at $30,000. Finally, Hazlett Burt & Watson Inc. increased 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 acquiring an additional 20 shares during the period. 85.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Robert W. Baird decreased their price objective on Synopsys from $644.00 to $630.00 and set an "outperform" rating for the company in a research note on Thursday, December 5th. Needham & Company LLC reissued a "buy" rating and set a $640.00 price target on shares of Synopsys in a research report on Thursday, December 5th. 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 on the stock. Berenberg Bank initiated coverage on shares of Synopsys in a research note on Tuesday, October 15th. They set a "buy" rating and a $660.00 price objective for the company. Finally, Piper Sandler lowered 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 ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $649.00.

Synopsys Stock Performance

SNPS stock traded up $6.74 during midday trading on Wednesday, reaching $512.06. The stock had a trading volume of 1,005,066 shares, compared to its average volume of 1,078,830. The firm has a fifty day simple moving average of $530.17 and a two-hundred day simple moving average of $543.57. The stock has a market cap of $78.66 billion, a PE ratio of 35.31, a P/E/G ratio of 3.25 and a beta of 1.08. Synopsys, Inc. has a 52-week low of $457.52 and a 52-week high of $629.38.

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.