Pallas Capital Advisors LLC Buys New Shares in Synopsys, Inc. (NASDAQ:SNPS)

Pallas Capital Advisors LLC bought a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,748 shares of the semiconductor company’s stock, valued at approximately $7,158,000.

A number of other institutional investors have also modified their holdings of SNPS. Hazlett Burt & Watson Inc. raised its holdings in Synopsys by 40.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 20 shares in the last quarter. Green Alpha Advisors LLC increased its holdings in Synopsys by 1.7% in the 3rd quarter. Green Alpha Advisors LLC now owns 1,294 shares of the semiconductor company’s stock valued at $655,000 after purchasing an additional 22 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in Synopsys by 1.5% in the third quarter. Aptus Capital Advisors LLC now owns 1,447 shares of the semiconductor company’s stock valued at $733,000 after purchasing an additional 22 shares during the last quarter. Resurgent Financial Advisors LLC raised its stake in shares of Synopsys by 2.8% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 809 shares of the semiconductor company’s stock valued at $410,000 after purchasing an additional 22 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in Synopsys by 6.1% during the third quarter. Larson Financial Group LLC now owns 398 shares of the semiconductor company’s stock worth $202,000 after acquiring an additional 23 shares during the period. 85.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SNPS has been the topic of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $640.00 price objective on shares of Synopsys in a report on Thursday, December 5th. Robert W. Baird lowered their price objective on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Berenberg Bank began coverage on Synopsys in a research report on Tuesday, October 15th. They set a “buy” rating and a $660.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and set a $635.00 target price on shares of Synopsys in a report on Wednesday, December 4th. Finally, Mizuho began coverage on Synopsys in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price target for the company. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $641.82.

Synopsys Trading Down 1.0 %

Shares of Synopsys stock traded down $5.11 during trading hours on Monday, reaching $487.43. The stock had a trading volume of 890,763 shares, compared to its average volume of 1,016,270. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38. The stock’s 50 day moving average is $523.58 and its 200 day moving average is $528.92. The firm has a market capitalization of $75.35 billion, a PE ratio of 33.57, a PEG ratio of 3.41 and a beta of 1.12.

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.