Kieckhefer Group LLC Invests $27,000 in Synopsys, Inc. (NASDAQ:SNPS)

Kieckhefer Group LLC bought a new stake in Synopsys, Inc. (NASDAQ:SNPS) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 55 shares of the semiconductor company’s stock, valued at approximately $27,000.

Other institutional investors have also recently bought and sold shares of the company. Parnassus Investments LLC bought a new stake in Synopsys during the third quarter worth about $633,469,000. Edgewood Management LLC raised its stake in shares of Synopsys by 18.9% during the 3rd 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 in the last quarter. Van ECK Associates Corp raised its stake in shares of Synopsys by 26.5% during the 3rd 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 in the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Synopsys by 120.2% in the 3rd quarter. Impax Asset Management Group plc now owns 490,723 shares of the semiconductor company’s stock valued at $248,497,000 after buying an additional 267,836 shares during the last quarter. Finally, Wellington Management Group LLP increased 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 buying an additional 257,526 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.

Synopsys Stock 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 company’s 50 day moving average price is $522.84 and its two-hundred day moving average price is $528.17. The firm has a market cap of $75.35 billion, a PE ratio of 33.57, a PEG ratio of 3.41 and a beta of 1.12.

Wall Street Analyst Weigh In

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

Synopsys Company 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.