Nomura Asset Management Co. Ltd. boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 4.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,615 shares of the semiconductor company's stock after purchasing an additional 2,526 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Synopsys were worth $28,449,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Kieckhefer Group LLC purchased a new stake in Synopsys in the 4th quarter worth $27,000. Whipplewood Advisors LLC purchased a new stake in shares of Synopsys in the fourth quarter worth about $33,000. Sierra Ocean LLC bought a new position in Synopsys during the fourth quarter valued at approximately $39,000. Newbridge Financial Services Group Inc. purchased a new position in Synopsys during the 4th quarter valued at approximately $51,000. Finally, Versant Capital Management Inc increased its stake in Synopsys by 109.3% in the 4th quarter. Versant Capital Management Inc now owns 113 shares of the semiconductor company's stock worth $55,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 85.47% of the company's stock.
Synopsys Stock Performance
Synopsys stock traded up $7.09 during mid-day trading on Tuesday, hitting $435.94. The company's stock had a trading volume of 985,635 shares, compared to its average volume of 1,049,297. The company has a 50 day moving average of $483.67 and a 200-day moving average of $505.29. Synopsys, Inc. has a one year low of $423.08 and a one year high of $624.80. The stock has a market cap of $67.41 billion, a PE ratio of 30.02, a P/E/G ratio of 3.23 and a beta of 1.16.
Insider Transactions at Synopsys
In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $463.75, for a total value of $5,270,982.50. Following the completion of the sale, the chief executive officer now directly owns 70,922 shares in the company, valued at approximately $32,890,077.50. This represents a 13.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Geus Aart De sold 15,705 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $444.42, for a total value of $6,979,616.10. Following the transaction, the insider now owns 116,671 shares in the company, valued at approximately $51,850,925.82. This represents a 11.86 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,909 shares of company stock worth $22,794,835. Insiders own 0.62% of the company's stock.
Analyst Ratings Changes
SNPS has been the subject of a number of recent research reports. Rosenblatt Securities reissued a "buy" rating and issued a $660.00 target price on shares of Synopsys in a report on Tuesday, February 25th. Piper Sandler reduced their target price on shares of Synopsys from $655.00 to $653.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Redburn Atlantic initiated coverage on shares of Synopsys in a research report on Monday, January 13th. They set a "buy" rating and a $600.00 target price on the stock. Wells Fargo & Company dropped their price target on Synopsys from $540.00 to $520.00 and set an "equal weight" rating for the company in a research report on Thursday, February 27th. Finally, Needham & Company LLC restated a "buy" rating and set a $650.00 price objective on shares of Synopsys in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $638.58.
Check Out Our Latest Stock Analysis on Synopsys
About Synopsys
(
Free Report)
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.
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