Tamar Securities LLC Grows Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Tamar Securities LLC increased its position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,456 shares of the semiconductor company's stock after acquiring an additional 2,233 shares during the period. Synopsys comprises 3.1% of Tamar Securities LLC's investment portfolio, making the stock its 11th biggest position. Tamar Securities LLC's holdings in Synopsys were worth $22,548,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacifica Partners Inc. acquired a new stake in shares of Synopsys in the third quarter valued at $25,000. Kieckhefer Group LLC purchased a new stake in shares of Synopsys in the 4th quarter valued at approximately $27,000. Tsfg LLC lifted its position in shares of Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 24 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake 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 purchasing an additional 20 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in Synopsys in the third quarter valued at $44,000. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Synopsys Trading Up 3.0 %

Shares of NASDAQ SNPS traded up $15.39 during midday trading on Tuesday, reaching $526.12. 1,606,330 shares of the company were exchanged, compared to its average volume of 1,154,696. The stock has a market cap of $81.33 billion, a P/E ratio of 36.23, a PEG ratio of 3.57 and a beta of 1.12. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38. The stock has a fifty day simple moving average of $518.41 and a 200 day simple moving average of $522.22.

Insider Buying and Selling at Synopsys

In other news, CRO Richard S. Mahoney sold 20,838 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the transaction, the executive now directly owns 1,460 shares in the company, valued at $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SNPS shares. 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 on the stock. Rosenblatt Securities restated a "buy" rating and set a $635.00 price objective on shares of Synopsys in a research report on Wednesday, December 4th. Wells Fargo & Company dropped their target price on shares of Synopsys from $570.00 to $540.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Loop Capital initiated coverage on shares of Synopsys in a research report on Monday, November 11th. They issued a "buy" rating and a $675.00 price target for the company. Finally, Needham & Company LLC restated a "buy" rating and issued a $640.00 price objective on shares of Synopsys in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $641.82.

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.