KBC Group NV Acquires 19,854 Shares of Synopsys, Inc. (NASDAQ:SNPS)

KBC Group NV grew its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 12.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 177,031 shares of the semiconductor company’s stock after buying an additional 19,854 shares during the period. KBC Group NV owned approximately 0.11% of Synopsys worth $85,923,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Pacifica Partners Inc. bought a new position in Synopsys during the third quarter worth $25,000. Kieckhefer Group LLC acquired a new position in shares of Synopsys during the fourth quarter valued at about $27,000. Tsfg LLC boosted its position in shares of Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 24 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in shares of Synopsys by 40.0% in 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. Finally, Princeton Global Asset Management LLC bought a new stake in Synopsys in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Stock Down 1.0 %

Synopsys stock opened at $546.19 on Monday. The stock has a market cap of $84.43 billion, a P/E ratio of 37.62, a P/E/G ratio of 3.57 and a beta of 1.12. The company’s 50 day moving average price is $518.68 and its two-hundred day moving average price is $523.59. Synopsys, Inc. has a 52 week low of $457.52 and a 52 week high of $629.38.

Analyst Ratings Changes

SNPS has been the topic of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $635.00 price target on shares of Synopsys in a report on Wednesday, December 4th. Mizuho began coverage on Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 target price on the stock. Piper Sandler decreased their price target on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Wells Fargo & Company dropped their price objective on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Berenberg Bank assumed coverage on shares of Synopsys in a research 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 eleven have issued a buy rating to the company. According to MarketBeat.com, the company has an average 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 the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the completion of the transaction, the executive now owns 1,460 shares in the company, valued at approximately $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.66% of the stock is currently owned by corporate insiders.

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.