Wilmington Savings Fund Society FSB Invests $865,000 in Synopsys, Inc. (NASDAQ:SNPS)

Wilmington Savings Fund Society FSB bought a new position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,708 shares of the semiconductor company's stock, valued at approximately $865,000.

Other hedge funds have also modified their holdings of the company. ORG Partners LLC boosted its position in shares of Synopsys by 600.0% during the 2nd quarter. ORG Partners LLC now owns 42 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 36 shares during the last quarter. Pacifica Partners Inc. acquired a new position in Synopsys in the 3rd quarter valued at about $25,000. Tsfg LLC grew its stake in shares of Synopsys by 75.0% in the 3rd 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. Chris Bulman Inc acquired a new stake in shares of Synopsys during the 2nd quarter worth approximately $30,000. Finally, Hazlett Burt & Watson Inc. raised its position in shares of Synopsys by 40.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company's stock valued at $35,000 after buying an additional 20 shares during the period. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on SNPS. Rosenblatt Securities restated a "buy" rating and issued a $635.00 target price on shares of Synopsys in a research report on Wednesday, December 4th. Robert W. Baird reduced their price objective on Synopsys from $644.00 to $630.00 and set an "outperform" rating on the stock in a research note on Thursday, December 5th. Wells Fargo & Company initiated coverage on shares of Synopsys in a research report on Friday, November 22nd. They issued an "equal weight" rating and a $570.00 price objective on the stock. Berenberg Bank initiated coverage on Synopsys in a report on Tuesday, October 15th. They issued a "buy" rating and a $660.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their target price on Synopsys from $655.00 to $685.00 and gave the company an "overweight" rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $649.00.

Synopsys Price Performance

SNPS traded up $13.83 during trading on Monday, hitting $522.11. The company had a trading volume of 1,319,188 shares, compared to its average volume of 1,078,944. Synopsys, Inc. has a 1-year low of $457.52 and a 1-year high of $629.38. The business has a 50-day moving average of $530.98 and a 200-day moving average of $541.99. The company has a market cap of $80.20 billion, a PE ratio of 35.01, a P/E/G ratio of 3.41 and a beta of 1.08.

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.