Synopsys, Inc. (NASDAQ:SNPS) Holdings Boosted by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 46.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,559 shares of the semiconductor company's stock after purchasing an additional 4,624 shares during the quarter. Mizuho Securities USA LLC's holdings in Synopsys were worth $7,066,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Caprock Group LLC boosted its holdings in Synopsys by 0.5% in the 4th quarter. Caprock Group LLC now owns 3,714 shares of the semiconductor company's stock worth $1,803,000 after acquiring an additional 20 shares during the period. Compagnie Lombard Odier SCmA lifted its position in shares of Synopsys by 1.1% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,850 shares of the semiconductor company's stock worth $898,000 after purchasing an additional 20 shares in the last quarter. Edge Capital Group LLC boosted its stake in shares of Synopsys by 1.2% in the fourth quarter. Edge Capital Group LLC now owns 1,629 shares of the semiconductor company's stock valued at $791,000 after purchasing an additional 20 shares during the period. Barden Capital Management Inc. grew its holdings in Synopsys by 1.1% during the 4th quarter. Barden Capital Management Inc. now owns 1,832 shares of the semiconductor company's stock valued at $889,000 after purchasing an additional 20 shares in the last quarter. Finally, Resurgent Financial Advisors LLC lifted its holdings in Synopsys by 2.8% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 809 shares of the semiconductor company's stock worth $410,000 after buying an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 85.47% of the company's stock.

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Synopsys Stock Performance

Shares of NASDAQ:SNPS traded down $3.67 during trading hours on Thursday, hitting $446.23. The stock had a trading volume of 699,026 shares, compared to its average volume of 1,015,760. Synopsys, Inc. has a 1-year low of $425.73 and a 1-year high of $624.80. The firm has a market capitalization of $69.00 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 3.23 and a beta of 1.16. The stock's fifty day simple moving average is $488.79 and its 200 day simple moving average is $505.87.

Analyst Ratings Changes

SNPS has been the topic of several recent analyst reports. Robert W. Baird cut their price target on Synopsys from $644.00 to $630.00 and set an "outperform" rating on the stock in a research note on Thursday, December 5th. Needham & Company LLC reissued a "buy" rating and set a $650.00 price target on shares of Synopsys in a research report on Thursday, February 27th. Redburn Atlantic began coverage on shares of Synopsys in a report on Monday, January 13th. They issued a "buy" rating and a $600.00 price target on the stock. Wells Fargo & Company decreased their price objective on shares of Synopsys from $540.00 to $520.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. Finally, Piper Sandler reduced their price target 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. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Synopsys has an average rating of "Moderate Buy" and an average target price of $638.58.

Insider Buying and Selling

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was 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 directly owns 1,460 shares in the company, valued at $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of the company's stock in a transaction on Monday, March 3rd. The shares were 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 owns 70,922 shares of the company's stock, valued at approximately $32,890,077.50. This trade represents a 13.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,909 shares of company stock valued at $22,794,835 over the last 90 days. 0.62% of the stock is currently owned by company insiders.

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.