Arcadia Investment Management Corp MI Increases Stake in Synopsys, Inc. (NASDAQ:SNPS)

Arcadia Investment Management Corp MI increased its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 300 shares of the semiconductor company’s stock after buying an additional 100 shares during the period. Arcadia Investment Management Corp MI’s holdings in Synopsys were worth $146,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Kieckhefer Group LLC bought a new stake in Synopsys during the fourth quarter valued at about $27,000. Hazlett Burt & Watson Inc. boosted its position in Synopsys by 40.0% during 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 in the last quarter. Sierra Ocean LLC bought a new stake in Synopsys during the fourth quarter valued at about $39,000. Princeton Global Asset Management LLC bought a new stake in Synopsys during the third quarter valued at about $44,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Synopsys during the fourth quarter valued at about $51,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SNPS. Needham & Company LLC reissued a “buy” rating and issued a $640.00 price target on shares of Synopsys in a report on Thursday, December 5th. Loop Capital began coverage on Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 price target for the company. Piper Sandler lowered their price target on Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Redburn Atlantic began coverage on Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 target price for the company. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $635.00 target price on shares of Synopsys in a report on Wednesday, December 4th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $641.82.

Insider Activity at Synopsys

In other news, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total value of $10,544,236.38. Following the completion of the sale, the executive now directly owns 1,460 shares in the company, valued at $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.66% of the stock is owned by company insiders.

Synopsys Trading Down 1.4 %

Shares of SNPS stock opened at $493.97 on Friday. The stock has a 50 day moving average of $511.23 and a 200 day moving average of $517.61. The stock has a market cap of $76.36 billion, a P/E ratio of 34.02, a P/E/G ratio of 3.28 and a beta of 1.12. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38.

About Synopsys

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.