Rockefeller Capital Management L.P. Takes $11.44 Million Position in Synopsys, Inc. (NASDAQ:SNPS)

Rockefeller Capital Management L.P. bought a new stake in Synopsys, Inc. (NASDAQ:SNPS) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 22,582 shares of the semiconductor company’s stock, valued at approximately $11,441,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its stake in shares of Synopsys by 19.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the semiconductor company’s stock worth $387,000 after acquiring an additional 105 shares during the period. Park Avenue Securities LLC boosted its position in Synopsys by 0.5% during the second quarter. Park Avenue Securities LLC now owns 9,808 shares of the semiconductor company’s stock worth $5,836,000 after purchasing an additional 48 shares during the period. CWM LLC increased its holdings in shares of Synopsys by 9.8% in the second quarter. CWM LLC now owns 5,333 shares of the semiconductor company’s stock valued at $3,173,000 after purchasing an additional 477 shares during the last quarter. Linden Thomas Advisory Services LLC raised its position in shares of Synopsys by 49.8% in the second quarter. Linden Thomas Advisory Services LLC now owns 752 shares of the semiconductor company’s stock valued at $447,000 after purchasing an additional 250 shares during the period. Finally, NBC Securities Inc. lifted its stake in shares of Synopsys by 23.5% during the 2nd quarter. NBC Securities Inc. now owns 3,871 shares of the semiconductor company’s stock worth $2,303,000 after buying an additional 737 shares during the last quarter. 85.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SNPS has been the topic of several research analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $635.00 price target on shares of Synopsys in a report on Friday, August 23rd. Robert W. Baird increased their target price on Synopsys from $661.00 to $663.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Loop Capital started coverage on Synopsys in a research note on Monday, November 11th. They issued a “buy” rating and a $675.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and set a $640.00 price objective on shares of Synopsys in a research report on Tuesday, October 22nd. Finally, Berenberg Bank initiated coverage on Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 target price for the company. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Synopsys presently has a consensus rating of “Moderate Buy” and a consensus price target of $653.80.

Synopsys Stock Up 1.3 %

SNPS stock opened at $565.93 on Tuesday. The business has a 50-day simple moving average of $527.03 and a 200 day simple moving average of $545.36. Synopsys, Inc. has a 52 week low of $457.52 and a 52 week high of $629.38. The company has a market cap of $86.93 billion, a PE ratio of 58.71, a price-to-earnings-growth ratio of 3.41 and a beta of 1.08.

Synopsys 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.