Teachers Retirement System of The State of Kentucky Buys 10,649 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Teachers Retirement System of The State of Kentucky raised its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 51.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,210 shares of the semiconductor company's stock after buying an additional 10,649 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Synopsys were worth $15,805,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. ORG Partners LLC raised its stake in shares of Synopsys by 600.0% during the 2nd quarter. ORG Partners LLC now owns 42 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 36 shares during the period. Pacifica Partners Inc. bought a new stake in shares of Synopsys during the 3rd quarter valued at $25,000. Tsfg LLC raised its stake in shares of Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 24 shares during the period. Chris Bulman Inc bought a new stake in shares of Synopsys during the 2nd quarter valued at $30,000. Finally, Hazlett Burt & Watson Inc. raised its stake in shares of Synopsys by 40.0% during the 3rd 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 during the period. 85.47% of the stock is currently owned by institutional investors.

Synopsys Trading Down 0.1 %

Shares of SNPS traded down $0.33 during midday trading on Thursday, reaching $511.73. The stock had a trading volume of 728,230 shares, compared to its average volume of 1,077,363. The company's 50-day moving average is $530.47 and its 200 day moving average is $543.35. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38. The company has a market capitalization of $78.61 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 3.25 and a beta of 1.08.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Rosenblatt Securities restated a "buy" rating and set a $635.00 target price on shares of Synopsys in a research report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their target price on Synopsys from $655.00 to $685.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Berenberg Bank assumed coverage on Synopsys in a research report on Tuesday, October 15th. They set a "buy" rating and a $660.00 target price for the company. Loop Capital assumed coverage on Synopsys in a research report on Monday, November 11th. They set a "buy" rating and a $675.00 target price for the company. Finally, Mizuho assumed coverage on Synopsys in a research report on Tuesday, October 22nd. They set an "outperform" rating and a $650.00 target price for the company. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $649.00.

Synopsys 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.