Venturi Wealth Management LLC Has $836,000 Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Venturi Wealth Management LLC lifted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 162.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,723 shares of the semiconductor company's stock after acquiring an additional 1,067 shares during the period. Venturi Wealth Management LLC's holdings in Synopsys were worth $836,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SNPS. Parnassus Investments LLC acquired a new position in Synopsys during the third quarter worth $633,469,000. Edgewood Management LLC boosted its holdings in Synopsys by 18.9% during the third quarter. Edgewood Management LLC now owns 3,069,848 shares of the semiconductor company's stock worth $1,554,540,000 after purchasing an additional 487,025 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Synopsys by 26.5% during the third quarter. Van ECK Associates Corp now owns 1,605,001 shares of the semiconductor company's stock worth $791,923,000 after purchasing an additional 335,993 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in Synopsys by 120.2% during the third quarter. Impax Asset Management Group plc now owns 490,723 shares of the semiconductor company's stock worth $248,497,000 after purchasing an additional 267,836 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Synopsys by 32.5% during the third quarter. Wellington Management Group LLP now owns 1,048,709 shares of the semiconductor company's stock worth $531,056,000 after purchasing an additional 257,526 shares during the last quarter. Institutional investors own 85.47% of the company's stock.

Synopsys Stock Down 3.9 %

Shares of NASDAQ SNPS traded down $19.13 during mid-day trading on Friday, reaching $474.84. 1,370,372 shares of the company were exchanged, compared to its average volume of 1,066,749. The company's 50-day simple moving average is $510.88 and its 200-day simple moving average is $517.44. The stock has a market capitalization of $73.40 billion, a P/E ratio of 32.70, a P/E/G ratio of 3.28 and a beta of 1.12. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38.

Insider Buying and Selling

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total value of $10,544,236.38. Following the transaction, the executive now directly owns 1,460 shares of the company's stock, valued at $738,774.60. This trade represents a 93.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Redburn Atlantic assumed coverage on shares of Synopsys in a report on Monday, January 13th. They set a "buy" rating and a $600.00 target price for the company. Needham & Company LLC restated a "buy" rating and set a $640.00 target price on shares of Synopsys in a report on Thursday, December 5th. Loop Capital assumed coverage on shares of Synopsys in a research note on Monday, November 11th. They issued a "buy" rating and a $675.00 price target for the company. Rosenblatt Securities reiterated a "buy" rating and issued a $635.00 price target on shares of Synopsys in a research note on Wednesday, December 4th. Finally, Piper Sandler cut their price target on shares of Synopsys from $670.00 to $655.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Synopsys has a consensus rating of "Moderate Buy" and an average price target of $641.82.

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.