Oregon Public Employees Retirement Fund Buys 49 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Oregon Public Employees Retirement Fund grew its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,169 shares of the semiconductor company’s stock after acquiring an additional 49 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Synopsys were worth $6,392,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kieckhefer Group LLC bought a new stake in Synopsys in the 4th quarter worth about $27,000. Hazlett Burt & Watson Inc. increased its holdings in Synopsys by 40.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after buying an additional 20 shares in the last quarter. Sierra Ocean LLC bought a new stake in Synopsys in the 4th quarter worth about $39,000. Princeton Global Asset Management LLC bought a new stake in Synopsys in the 3rd quarter worth about $44,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Synopsys in the 4th quarter worth about $51,000. 85.47% of the stock is currently owned by institutional investors.

Synopsys Stock Up 2.7 %

SNPS stock opened at $470.46 on Thursday. Synopsys, Inc. has a twelve month low of $457.00 and a twelve month high of $624.80. The stock has a market cap of $72.72 billion, a P/E ratio of 32.40, a PEG ratio of 3.23 and a beta of 1.12. The business’s 50-day moving average price is $507.61 and its 200-day moving average price is $516.56.

Insider Activity

In related 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 transaction, the executive now directly owns 1,460 shares of the company’s stock, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Piper Sandler reduced their price objective 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 assumed coverage on Synopsys in a research report on Monday, January 13th. They issued a “buy” rating and a $600.00 target price on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $660.00 target price on shares of Synopsys in a research report on Tuesday. Robert W. Baird dropped their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Finally, Loop Capital assumed coverage on Synopsys in a research report on Monday, November 11th. They issued a “buy” rating and a $675.00 target price on the stock. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $639.58.

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.