Synopsys, Inc. (NASDAQ:SNPS) is Analog Century Management LP's 6th Largest Position

Analog Century Management LP raised its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 12.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,809 shares of the semiconductor company's stock after purchasing an additional 18,748 shares during the period. Synopsys accounts for approximately 5.3% of Analog Century Management LP's portfolio, making the stock its 6th largest holding. Analog Century Management LP owned approximately 0.11% of Synopsys worth $79,992,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Kieckhefer Group LLC purchased a new stake in Synopsys in the 4th quarter valued at approximately $27,000. Whipplewood Advisors LLC purchased a new stake in shares of Synopsys in the fourth quarter valued at $33,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Synopsys during the fourth quarter valued at $34,000. Sierra Ocean LLC purchased a new stake in Synopsys during the 4th quarter worth about $39,000. Finally, Hazlett Burt & Watson Inc. raised its stake in Synopsys by 28.6% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 20 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Stock Performance

NASDAQ SNPS opened at $422.23 on Thursday. Synopsys, Inc. has a one year low of $365.74 and a one year high of $624.80. The company's 50 day moving average price is $439.90 and its 200 day moving average price is $493.36. The firm has a market capitalization of $65.29 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 3.23 and a beta of 1.23.

Wall Street Analyst Weigh In

SNPS has been the topic of several analyst reports. Morgan Stanley decreased their price target on shares of Synopsys from $625.00 to $590.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Piper Sandler decreased their target price on shares of Synopsys from $655.00 to $653.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. KeyCorp cut their price target on Synopsys from $690.00 to $555.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Redburn Atlantic began coverage on Synopsys in a report on Monday, January 13th. They set a "buy" rating and a $600.00 price objective on the stock. Finally, Bank of America reduced their target price on Synopsys from $630.00 to $560.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $618.31.

Insider Activity

In related news, insider Geus Aart De sold 15,705 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the sale, the insider now directly owns 116,671 shares in the company, valued at approximately $51,850,925.82. This trade represents a 11.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 70,922 shares of the company's stock, valued at approximately $32,890,077.50. This represents a 13.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.62% of the company's stock.

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.

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