Synopsys, Inc. (NASDAQ:SNPS) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 53.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,272 shares of the semiconductor company’s stock after acquiring an additional 9,124 shares during the period. Orion Portfolio Solutions LLC’s holdings in Synopsys were worth $13,304,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. OLD National Bancorp IN increased its position in shares of Synopsys by 7.5% during the 2nd quarter. OLD National Bancorp IN now owns 755 shares of the semiconductor company’s stock worth $449,000 after purchasing an additional 53 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in Synopsys by 24.9% during the second quarter. Gateway Investment Advisers LLC now owns 703 shares of the semiconductor company’s stock worth $418,000 after buying an additional 140 shares during the period. MJP Associates Inc. ADV acquired a new stake in shares of Synopsys during the second quarter valued at about $206,000. Artemis Investment Management LLP raised its stake in shares of Synopsys by 0.7% in the 2nd quarter. Artemis Investment Management LLP now owns 10,583 shares of the semiconductor company’s stock valued at $6,298,000 after acquiring an additional 69 shares during the period. Finally, RFG Advisory LLC lifted its holdings in shares of Synopsys by 2.2% in the 2nd quarter. RFG Advisory LLC now owns 2,152 shares of the semiconductor company’s stock worth $1,281,000 after acquiring an additional 47 shares during the last quarter. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Robert W. Baird cut 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. JPMorgan Chase & Co. boosted their price objective on Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Loop Capital initiated coverage on Synopsys in a report on Monday, November 11th. They set a “buy” rating and a $675.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $640.00 price target on shares of Synopsys in a research note on Thursday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a research note on Wednesday. One equities research 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $649.00.

Synopsys Stock Up 0.4 %

Shares of NASDAQ:SNPS opened at $517.28 on Friday. Synopsys, Inc. has a fifty-two week low of $457.52 and a fifty-two week high of $629.38. The firm’s 50 day moving average price is $529.93 and its 200 day moving average price is $544.89. The stock has a market cap of $79.46 billion, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 3.59 and a beta of 1.08.

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.