Synopsys, Inc. (NASDAQ:SNPS) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC trimmed its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,893 shares of the semiconductor company’s stock after selling 42 shares during the quarter. Bleakley Financial Group LLC’s holdings in Synopsys were worth $1,404,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. YANKCOM Partnership acquired a new position in Synopsys during the fourth quarter worth $230,000. Nvwm LLC raised its position in shares of Synopsys by 19.9% during the 4th quarter. Nvwm LLC now owns 3,139 shares of the semiconductor company’s stock worth $1,524,000 after purchasing an additional 522 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Synopsys by 0.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 159,608 shares of the semiconductor company’s stock worth $77,924,000 after buying an additional 1,045 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Synopsys by 14.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 534 shares of the semiconductor company’s stock worth $259,000 after buying an additional 66 shares during the last quarter. Finally, 1858 Wealth Management LLC increased its stake in Synopsys by 4.7% during the 4th quarter. 1858 Wealth Management LLC now owns 820 shares of the semiconductor company’s stock worth $398,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Mizuho began coverage on Synopsys in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $635.00 target price on shares of Synopsys in a research note on Wednesday, December 4th. Piper Sandler reduced their target price on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Loop Capital assumed coverage on shares of Synopsys in a research report on Monday, November 11th. They set a “buy” rating and a $675.00 price target on the stock. Finally, Wells Fargo & Company decreased their target price on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $641.82.

Synopsys Stock Down 1.4 %

SNPS stock opened at $525.82 on Friday. Synopsys, Inc. has a 52-week low of $457.52 and a 52-week high of $629.38. The business has a fifty day moving average of $514.15 and a two-hundred day moving average of $519.55. The stock has a market cap of $81.28 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 3.44 and a beta of 1.12.

Insider Buying and Selling

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the completion of the transaction, the executive now owns 1,460 shares of the company’s stock, valued at $738,774.60. This trade represents a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.66% of the company’s stock.

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.