Bensler LLC Grows Position in Synopsys, Inc. (NASDAQ:SNPS)

Bensler LLC boosted its stake in Synopsys, Inc. (NASDAQ:SNPS) by 17.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,388 shares of the semiconductor company’s stock after buying an additional 1,665 shares during the quarter. Bensler LLC’s holdings in Synopsys were worth $5,527,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SNPS. Pacifica Partners Inc. purchased a new stake in Synopsys in the 3rd quarter valued at $25,000. Kieckhefer Group LLC bought a new position in Synopsys in the 4th quarter valued at $27,000. Tsfg LLC grew its stake in Synopsys by 75.0% in the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 24 shares during the period. Hazlett Burt & Watson Inc. grew its stake in Synopsys by 40.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 20 shares during the period. Finally, Princeton Global Asset Management LLC bought a new position in Synopsys in the 3rd quarter valued at $44,000. 85.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SNPS shares. Mizuho started coverage on Synopsys in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price objective for the company. Berenberg Bank began coverage on Synopsys in a research note on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price objective for the company. Rosenblatt Securities reiterated a “buy” rating and set a $635.00 price target on shares of Synopsys in a research note on Wednesday, December 4th. Wells Fargo & Company cut their price target on Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Robert W. Baird cut their price target on Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Synopsys has a consensus rating of “Moderate Buy” and a consensus target price of $641.82.

Insider Activity at Synopsys

In related news, CRO Richard S. Mahoney sold 20,838 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the transaction, the executive now directly owns 1,460 shares in the company, valued at $738,774.60. This trade represents a 93.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is currently owned by insiders.

Synopsys Stock Performance

Shares of SNPS opened at $506.94 on Tuesday. The stock’s 50-day simple moving average is $518.68 and its 200 day simple moving average is $522.91. The stock has a market capitalization of $78.36 billion, a price-to-earnings ratio of 34.82, a price-to-earnings-growth ratio of 3.57 and a beta of 1.12. Synopsys, Inc. has a 52-week low of $457.52 and a 52-week high of $629.38.

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.