Chevy Chase Trust Holdings LLC Has $39.27 Million Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Chevy Chase Trust Holdings LLC cut its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,915 shares of the semiconductor company’s stock after selling 1,481 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Synopsys worth $39,273,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SNPS. nVerses Capital LLC acquired a new position in shares of Synopsys during the third quarter worth approximately $51,000. Trifecta Capital Advisors LLC raised its stake in shares of Synopsys by 1.7% in the third quarter. Trifecta Capital Advisors LLC now owns 6,405 shares of the semiconductor company’s stock valued at $3,243,000 after purchasing an additional 108 shares in the last quarter. Marshall Financial Group LLC raised its stake in shares of Synopsys by 1.5% in the third quarter. Marshall Financial Group LLC now owns 1,895 shares of the semiconductor company’s stock valued at $960,000 after purchasing an additional 28 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Synopsys by 2.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 42,385 shares of the semiconductor company’s stock valued at $21,463,000 after purchasing an additional 1,038 shares in the last quarter. Finally, Aurora Investment Managers LLC. raised its stake in shares of Synopsys by 11.0% in the third quarter. Aurora Investment Managers LLC. now owns 1,365 shares of the semiconductor company’s stock valued at $691,000 after purchasing an additional 135 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Redburn Atlantic assumed coverage on Synopsys in a research note on Monday, January 13th. They issued a “buy” rating and a $600.00 target price for the company. Wells Fargo & Company cut their target price 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. Robert W. Baird cut their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Mizuho started coverage on Synopsys in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 target price for the company. Finally, Loop Capital started coverage on Synopsys in a research note on Monday, November 11th. They set a “buy” rating and a $675.00 price objective for the company. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $641.82.

Synopsys Trading Down 1.1 %

NASDAQ:SNPS opened at $522.53 on Friday. Synopsys, Inc. has a 1-year low of $457.52 and a 1-year high of $629.38. The business’s 50-day moving average price is $510.67 and its two-hundred day moving average price is $518.23. The firm has a market capitalization of $80.77 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 3.49 and a beta of 1.12.

Insider Buying and Selling at Synopsys

In other news, CRO Richard S. Mahoney sold 20,838 shares of the firm’s stock in a transaction dated 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.