Synopsys, Inc. (NASDAQ:SNPS) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in Synopsys, Inc. (NASDAQ:SNPS) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,278 shares of the semiconductor company’s stock after acquiring an additional 3,771 shares during the period. Janney Montgomery Scott LLC’s holdings in Synopsys were worth $24,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SNPS. Paradiem LLC lifted its position in Synopsys by 4.8% in the fourth quarter. Paradiem LLC now owns 11,270 shares of the semiconductor company’s stock worth $5,470,000 after purchasing an additional 519 shares during the period. Park Place Capital Corp raised its stake in shares of Synopsys by 142.4% in the 4th quarter. Park Place Capital Corp now owns 383 shares of the semiconductor company’s stock worth $186,000 after buying an additional 225 shares in the last quarter. Janney Capital Management LLC acquired a new stake in shares of Synopsys in the fourth quarter valued at $6,082,000. Advisory Alpha LLC boosted its stake in Synopsys by 3.8% during the fourth quarter. Advisory Alpha LLC now owns 691 shares of the semiconductor company’s stock valued at $335,000 after buying an additional 25 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Synopsys by 6.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 46,293 shares of the semiconductor company’s stock worth $22,469,000 after acquiring an additional 2,778 shares during the period. 85.47% of the stock is currently owned by institutional investors.

Synopsys Price Performance

NASDAQ:SNPS opened at $546.19 on Friday. The stock has a market cap of $84.43 billion, a PE ratio of 37.62, a price-to-earnings-growth ratio of 3.57 and a beta of 1.12. Synopsys, Inc. has a fifty-two week low of $457.52 and a fifty-two week high of $629.38. The stock’s 50-day moving average is $518.17 and its two-hundred day moving average is $524.66.

Insider Buying and Selling

In other news, CRO Richard S. Mahoney sold 20,838 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were 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. This represents a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SNPS has been the subject of several research reports. Needham & Company LLC restated a “buy” rating and set a $640.00 price objective on shares of Synopsys in a research report on Thursday, December 5th. Wells Fargo & Company reduced their target price on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $635.00 price target on shares of Synopsys in a report on Wednesday, December 4th. Piper Sandler reduced their price objective on Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Finally, Berenberg Bank started coverage on Synopsys in a research report on Tuesday, October 15th. They set a “buy” rating and a $660.00 target price on the stock. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Synopsys presently has an average rating of “Moderate Buy” and a consensus price target of $641.82.

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.