SG Americas Securities LLC Sells 71,587 Shares of Synopsys, Inc. (NASDAQ:SNPS)

SG Americas Securities LLC cut its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 97.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,519 shares of the semiconductor company's stock after selling 71,587 shares during the period. SG Americas Securities LLC's holdings in Synopsys were worth $737,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SNPS. Paradiem LLC increased its stake in shares of Synopsys by 4.8% in the fourth quarter. Paradiem LLC now owns 11,270 shares of the semiconductor company's stock worth $5,470,000 after buying an additional 519 shares during the last quarter. Park Place Capital Corp grew its stake in Synopsys by 142.4% in the fourth quarter. Park Place Capital Corp now owns 383 shares of the semiconductor company's stock worth $186,000 after purchasing an additional 225 shares in the last quarter. Janney Capital Management LLC acquired a new stake in Synopsys during the fourth quarter valued at approximately $6,082,000. Advisory Alpha LLC grew its position in shares of Synopsys by 3.8% in the 4th quarter. Advisory Alpha LLC now owns 691 shares of the semiconductor company's stock worth $335,000 after acquiring an additional 25 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Synopsys by 6.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 46,293 shares of the semiconductor company's stock valued at $22,469,000 after acquiring an additional 2,778 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Stock Performance

Shares of NASDAQ:SNPS traded up $13.65 during midday trading on Thursday, reaching $526.36. The company had a trading volume of 740,891 shares, compared to its average volume of 1,119,082. Synopsys, Inc. has a 1-year low of $457.52 and a 1-year high of $629.38. The firm has a market cap of $81.36 billion, a price-to-earnings ratio of 36.25, a price-to-earnings-growth ratio of 3.57 and a beta of 1.12. The company has a fifty day simple moving average of $517.68 and a two-hundred day simple moving average of $521.54.

Insider Activity

In related news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total value of $10,544,236.38. Following the completion of the sale, the executive now owns 1,460 shares of the company's stock, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Redburn Atlantic assumed coverage on shares of Synopsys in a report on Monday, January 13th. They set a "buy" rating and a $600.00 target price on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $635.00 price target on shares of Synopsys in a research report on Wednesday, December 4th. Wells Fargo & Company dropped their price objective on shares of Synopsys from $570.00 to $540.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Robert W. Baird decreased their target price 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. Finally, Berenberg Bank started coverage on Synopsys in a report on Tuesday, October 15th. They set a "buy" rating and a $660.00 price target on the stock. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $641.82.

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.