Synopsys, Inc. (NASDAQ:SNPS) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC increased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 5.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,200 shares of the semiconductor company’s stock after buying an additional 396 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Synopsys were worth $3,568,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Davidson Capital Management Inc. lifted its position in shares of Synopsys by 33,828.6% in the third quarter. Davidson Capital Management Inc. now owns 4,750 shares of the semiconductor company’s stock valued at $2,405,000 after acquiring an additional 4,736 shares in the last quarter. Swiss National Bank grew its holdings in shares of Synopsys by 0.7% during the third quarter. Swiss National Bank now owns 454,800 shares of the semiconductor company’s stock worth $230,306,000 after buying an additional 3,200 shares in the last quarter. Harvest Portfolios Group Inc. raised its position in shares of Synopsys by 3.7% in the third quarter. Harvest Portfolios Group Inc. now owns 42,121 shares of the semiconductor company’s stock valued at $21,330,000 after buying an additional 1,496 shares during the last quarter. Parnassus Investments LLC purchased a new position in shares of Synopsys during the third quarter valued at approximately $633,469,000. Finally, Jacobs & Co. CA acquired a new stake in Synopsys during the third quarter worth approximately $10,554,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Stock Up 0.8 %

NASDAQ SNPS opened at $570.19 on Wednesday. The stock has a market cap of $87.59 billion, a PE ratio of 59.15, a P/E/G ratio of 3.45 and a beta of 1.08. The business has a 50 day moving average price of $528.30 and a two-hundred day moving average price of $545.39. Synopsys, Inc. has a fifty-two week low of $457.52 and a fifty-two week high of $629.38.

Analysts Set New Price Targets

SNPS has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on Synopsys from $661.00 to $663.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Mizuho assumed coverage on shares of Synopsys in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Synopsys from $655.00 to $685.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Berenberg Bank began coverage on Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 price objective for the company. Finally, Loop Capital initiated coverage on Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $653.80.

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.