CMH Wealth Management LLC Sells 823 Shares of Synopsys, Inc. (NASDAQ:SNPS)

CMH Wealth Management LLC decreased its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,261 shares of the semiconductor company’s stock after selling 823 shares during the period. Synopsys comprises approximately 1.6% of CMH Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding. CMH Wealth Management LLC’s holdings in Synopsys were worth $6,922,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Pacifica Partners Inc. acquired a new position in shares of Synopsys during the 3rd quarter worth approximately $25,000. Kieckhefer Group LLC bought a new position in Synopsys during the fourth quarter worth $27,000. Tsfg LLC increased 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 valued at $28,000 after purchasing an additional 24 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in shares of Synopsys by 40.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 20 shares during the period. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Synopsys during the 3rd quarter worth about $44,000. 85.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on SNPS shares. Mizuho initiated coverage on shares of Synopsys in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price target on the stock. Piper Sandler lowered their target price on Synopsys from $670.00 to $655.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Wells Fargo & Company dropped their price target on Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Loop Capital began coverage on Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 price objective on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $640.00 target price on shares of Synopsys in a report on Thursday, December 5th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $641.82.

Insider Buying and Selling

In related news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction that occurred on 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.66% of the stock is currently owned by company insiders.

Synopsys Stock Performance

NASDAQ:SNPS opened at $526.70 on Tuesday. Synopsys, Inc. has a fifty-two week low of $457.52 and a fifty-two week high of $629.38. The company has a market cap of $81.42 billion, a price-to-earnings ratio of 36.27, a PEG ratio of 3.45 and a beta of 1.12. The stock has a fifty day moving average price of $519.43 and a 200-day moving average price of $525.54.

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.