Tower Research Capital LLC TRC Buys 3,131 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Tower Research Capital LLC TRC raised its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 33.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,501 shares of the semiconductor company's stock after purchasing an additional 3,131 shares during the quarter. Tower Research Capital LLC TRC's holdings in Synopsys were worth $6,067,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Synopsys by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 14,482,776 shares of the semiconductor company's stock worth $7,029,360,000 after buying an additional 120,575 shares during the period. Capital World Investors increased its holdings in Synopsys by 1.6% during the 4th quarter. Capital World Investors now owns 7,280,182 shares of the semiconductor company's stock worth $3,533,526,000 after acquiring an additional 114,893 shares during the period. Geode Capital Management LLC lifted its stake in Synopsys by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 3,357,165 shares of the semiconductor company's stock worth $1,625,230,000 after purchasing an additional 75,298 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of Synopsys by 3.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,758,759 shares of the semiconductor company's stock valued at $853,631,000 after purchasing an additional 60,121 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Synopsys by 5.2% in the fourth quarter. Invesco Ltd. now owns 1,381,496 shares of the semiconductor company's stock worth $670,523,000 after purchasing an additional 68,766 shares during the period. Institutional investors own 85.47% of the company's stock.

Synopsys Price Performance

Synopsys stock traded up $7.72 during trading hours on Friday, reaching $446.62. The company had a trading volume of 1,032,119 shares, compared to its average volume of 1,087,534. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $624.80. The firm has a market cap of $69.06 billion, a price-to-earnings ratio of 30.76, a P/E/G ratio of 3.23 and a beta of 1.23. The company has a 50-day moving average price of $436.66 and a 200 day moving average price of $492.48.

Analyst Ratings Changes

SNPS has been the topic of a number of research analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $660.00 target price on shares of Synopsys in a research note on Tuesday, February 25th. KeyCorp cut their price target on shares of Synopsys from $690.00 to $555.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley dropped their price objective on shares of Synopsys from $625.00 to $590.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Mizuho lowered their price target on Synopsys from $650.00 to $600.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Bank of America cut their price objective on Synopsys from $630.00 to $560.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $618.31.

Insider Activity at Synopsys

In other news, CEO Sassine Ghazi sold 11,366 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $463.75, for a total transaction of $5,270,982.50. Following the completion of the transaction, the chief executive officer now directly owns 70,922 shares of the company's stock, valued at approximately $32,890,077.50. This represents a 13.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $6,979,616.10. Following the completion of the sale, the insider now directly owns 116,671 shares in the company, valued at $51,850,925.82. The trade was a 11.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is currently 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.