Cooper Financial Group Grows Stake in Synopsys, Inc. (NASDAQ:SNPS)

Cooper Financial Group raised its stake in shares of Synopsys, Inc. (NASDAQ:SNPSFree Report) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,586 shares of the semiconductor company’s stock after purchasing an additional 138 shares during the period. Cooper Financial Group’s holdings in Synopsys were worth $770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Pacifica Partners Inc. purchased a new stake in Synopsys during the 3rd quarter valued at $25,000. Kieckhefer Group LLC purchased a new stake in Synopsys in the 4th quarter worth about $27,000. Tsfg LLC raised its holdings in shares of Synopsys by 75.0% in the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after buying an additional 24 shares during the period. Hazlett Burt & Watson Inc. lifted its stake 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 worth $35,000 after acquiring an additional 20 shares during the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in Synopsys during the 3rd quarter valued at $44,000. 85.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SNPS shares. Wells Fargo & Company reduced their target price on Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a research note on Monday. Rosenblatt Securities reissued a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a research report on Wednesday, December 4th. Redburn Atlantic assumed coverage on shares of Synopsys in a research note on Monday. They issued a “buy” rating and a $600.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $640.00 price target on shares of Synopsys in a research note on Thursday, December 5th. Finally, Berenberg Bank began coverage on Synopsys in a research note on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price objective on the stock. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $641.82.

Read Our Latest Research Report on Synopsys

Synopsys Trading Down 1.0 %

Shares of NASDAQ SNPS opened at $487.43 on Tuesday. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38. The stock’s fifty day simple moving average is $522.84 and its two-hundred day simple moving average is $528.17. The stock has a market capitalization of $75.35 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 3.41 and a beta of 1.12.

About Synopsys

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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