Synopsys, Inc. (NASDAQ:SNPS) Shares Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC raised its stake in Synopsys, Inc. (NASDAQ:SNPS) by 36.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,041 shares of the semiconductor company’s stock after buying an additional 547 shares during the period. EP Wealth Advisors LLC’s holdings in Synopsys were worth $1,033,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. ORG Partners LLC grew its holdings in shares of Synopsys by 600.0% in the second quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 36 shares during the period. Pacifica Partners Inc. acquired a new stake in shares of Synopsys during the 3rd quarter worth approximately $25,000. Tsfg LLC increased its holdings in shares of Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after buying an additional 24 shares during the last quarter. Chris Bulman Inc purchased a new stake in shares of Synopsys during the 2nd quarter valued at approximately $30,000. Finally, Hazlett Burt & Watson Inc. lifted 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 valued at $35,000 after acquiring an additional 20 shares during the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Synopsys Stock Performance

Shares of SNPS opened at $505.32 on Wednesday. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38. The stock has a market capitalization of $77.62 billion, a PE ratio of 34.80, a PEG ratio of 3.25 and a beta of 1.08. The stock has a 50-day simple moving average of $529.97 and a 200-day simple moving average of $544.15.

Analyst Ratings Changes

A number of equities research analysts have commented on SNPS shares. Wells Fargo & Company began coverage on Synopsys in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $570.00 target price on the stock. Piper Sandler decreased their target price on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Needham & Company LLC reiterated a “buy” rating and set a $640.00 price target on shares of Synopsys in a research report on Thursday, December 5th. Mizuho assumed coverage on shares of Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $649.00.

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.