Nvwm LLC Raises Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Nvwm LLC grew its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 19.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,139 shares of the semiconductor company’s stock after acquiring an additional 522 shares during the period. Nvwm LLC’s holdings in Synopsys were worth $1,524,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SNPS. Pacifica Partners Inc. bought a new stake in Synopsys during the 3rd quarter valued at approximately $25,000. Kieckhefer Group LLC bought a new stake in shares of Synopsys during the 4th quarter valued at $27,000. Tsfg LLC lifted its position in Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 24 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in Synopsys by 40.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 20 shares during the period. Finally, Princeton Global Asset Management LLC bought a new position in shares of Synopsys during the third quarter valued at approximately $44,000. 85.47% of the stock is owned by institutional investors.

Synopsys Price Performance

SNPS stock opened at $523.88 on Wednesday. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38. The company has a market cap of $80.98 billion, a P/E ratio of 36.08, a price-to-earnings-growth ratio of 3.44 and a beta of 1.12. The stock’s fifty day moving average price is $514.82 and its 200-day moving average price is $519.39.

Analyst Ratings Changes

SNPS has been the topic of several recent research reports. Redburn Atlantic began coverage on Synopsys in a research note on Monday, January 13th. They issued a “buy” rating and a $600.00 price target on the stock. Berenberg Bank assumed coverage on Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 price target for the company. Needham & Company LLC reissued a “buy” rating and set a $640.00 price objective on shares of Synopsys in a research report on Thursday, December 5th. Loop Capital started coverage on shares of Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 target price for the company. Finally, Wells Fargo & Company cut their price target on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $641.82.

Insiders Place Their Bets

In other news, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction on 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 sale, the executive now owns 1,460 shares of the company’s stock, valued at $738,774.60. The trade was a 93.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.66% of the company’s stock.

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.