TD Private Client Wealth LLC Trims Holdings in Synopsys, Inc. (NASDAQ:SNPS)

TD Private Client Wealth LLC reduced its position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 42.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,848 shares of the semiconductor company's stock after selling 1,381 shares during the period. TD Private Client Wealth LLC's holdings in Synopsys were worth $936,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. ORG Partners LLC raised its holdings in Synopsys by 600.0% in the 2nd quarter. ORG Partners LLC now owns 42 shares of the semiconductor company's stock valued at $25,000 after buying an additional 36 shares during the period. Pacifica Partners Inc. purchased a new stake in shares of Synopsys in the 3rd quarter valued at approximately $25,000. Tsfg LLC lifted its holdings in shares of Synopsys by 75.0% in the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 24 shares during the last quarter. Chris Bulman Inc acquired a new position in shares of Synopsys in the 2nd quarter worth approximately $30,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in Synopsys by 40.0% in 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 last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on SNPS shares. Piper Sandler decreased their price target on Synopsys from $670.00 to $655.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. Mizuho initiated coverage on Synopsys in a report on Tuesday, October 22nd. They set an "outperform" rating and a $650.00 target price for the company. Berenberg Bank assumed coverage on shares of Synopsys in a research note on Tuesday, October 15th. They set a "buy" rating and a $660.00 price target on the stock. Robert W. Baird lowered their price objective on shares of Synopsys from $644.00 to $630.00 and set an "outperform" rating for the company in a research note on Thursday, December 5th. Finally, Loop Capital started coverage on shares of Synopsys in a report on Monday, November 11th. They set a "buy" rating and a $675.00 target price on the stock. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $649.00.

Synopsys Price Performance

Shares of Synopsys stock traded down $3.45 during trading on Friday, hitting $508.28. 1,215,481 shares of the stock were exchanged, compared to its average volume of 1,077,946. The firm's 50-day moving average price is $530.98 and its 200 day moving average price is $542.58. The stock has a market cap of $78.08 billion, a price-to-earnings ratio of 35.01, a price-to-earnings-growth ratio of 3.43 and a beta of 1.08. Synopsys, Inc. has a 12-month low of $457.52 and a 12-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.