Independent Solutions Wealth Management LLC Sells 3,888 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Independent Solutions Wealth Management LLC lessened its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 83.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 787 shares of the semiconductor company's stock after selling 3,888 shares during the period. Independent Solutions Wealth Management LLC's holdings in Synopsys were worth $399,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SNPS. Chris Bulman Inc bought a new stake in shares of Synopsys in the second quarter worth $30,000. Pacifica Partners Inc. bought a new stake in shares of Synopsys in the 3rd quarter valued at about $25,000. Tsfg LLC increased its stake in shares of Synopsys by 75.0% in the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company's stock valued at $28,000 after buying an additional 24 shares during the period. Hazlett Burt & Watson Inc. raised 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 worth $35,000 after acquiring an additional 20 shares during the last quarter. Finally, Fairscale Capital LLC acquired a new position in shares of Synopsys in the second quarter worth approximately $51,000. 85.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SNPS shares. JPMorgan Chase & Co. raised their price target on shares of Synopsys from $655.00 to $685.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. Rosenblatt Securities reissued a "buy" rating and set a $635.00 target price on shares of Synopsys in a research note on Wednesday, December 4th. Loop Capital initiated coverage on shares of Synopsys in a research report on Monday, November 11th. They set a "buy" rating and a $675.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and issued a $640.00 price objective on shares of Synopsys in a research report on Thursday, December 5th. Finally, Mizuho started coverage on Synopsys in a research report on Tuesday, October 22nd. They set an "outperform" rating and a $650.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $649.00.

Synopsys Trading Down 0.2 %

NASDAQ SNPS traded down $1.08 during mid-day trading on Thursday, hitting $493.35. The company's stock had a trading volume of 1,132,331 shares, compared to its average volume of 1,080,738. The company's 50 day simple moving average is $529.92 and its 200 day simple moving average is $540.69. The firm has a market capitalization of $75.79 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 3.41 and a beta of 1.08. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38.

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.