Vontobel Holding Ltd. Grows Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Vontobel Holding Ltd. raised its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,062,142 shares of the semiconductor company's stock after buying an additional 96,886 shares during the quarter. Synopsys comprises 1.8% of Vontobel Holding Ltd.'s investment portfolio, making the stock its 13th largest position. Vontobel Holding Ltd. owned approximately 0.69% of Synopsys worth $515,521,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Kieckhefer Group LLC bought a new stake in shares of Synopsys during the fourth quarter valued at approximately $27,000. Tsfg LLC boosted its position in shares of Synopsys by 75.0% during 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 in the last quarter. Hazlett Burt & Watson Inc. boosted its position 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 purchasing an additional 20 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Synopsys during the third quarter valued at approximately $44,000. Finally, nVerses Capital LLC bought a new stake in shares of Synopsys during the third quarter valued at approximately $51,000. 85.47% of the stock is currently owned by institutional investors.

Synopsys Price Performance

Synopsys stock traded up $2.47 during mid-day trading on Tuesday, reaching $525.00. 1,118,587 shares of the stock traded hands, compared to its average volume of 1,006,765. The stock has a market capitalization of $81.15 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 3.49 and a beta of 1.12. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38. The business's 50-day moving average is $511.06 and its 200-day moving average is $517.59.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Redburn Atlantic assumed coverage on Synopsys in a report on Monday, January 13th. They issued a "buy" rating and a $600.00 target price on the stock. Loop Capital assumed coverage on Synopsys in a report on Monday, November 11th. They issued a "buy" rating and a $675.00 target price on the stock. Needham & Company LLC reissued a "buy" rating and issued a $640.00 target price on shares of Synopsys in a report on Thursday, December 5th. Robert W. Baird dropped their target price on Synopsys from $644.00 to $630.00 and set an "outperform" rating on the stock in a report on Thursday, December 5th. Finally, Wells Fargo & Company dropped their target price on Synopsys from $570.00 to $540.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. One research analyst has rated the stock with a hold rating and eleven 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 $641.82.

Insider Activity at Synopsys

In related news, CRO Richard S. Mahoney sold 20,838 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the completion of the sale, the executive now owns 1,460 shares in the company, valued at approximately $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is owned by company insiders.

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.