Synopsys, Inc. (NASDAQ:SNPS) Shares Acquired by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. lifted its stake in Synopsys, Inc. (NASDAQ:SNPS) by 25.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,254 shares of the semiconductor company’s stock after acquiring an additional 1,277 shares during the period. Capital Investment Services of America Inc.’s holdings in Synopsys were worth $3,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Kieckhefer Group LLC bought a new position in shares of Synopsys during the 4th quarter valued at about $27,000. Tsfg LLC boosted its stake in Synopsys by 75.0% in the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 24 shares during the period. Hazlett Burt & Watson Inc. raised its stake in Synopsys by 40.0% during 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. Princeton Global Asset Management LLC purchased a new stake in shares of Synopsys in the third quarter valued at $44,000. Finally, nVerses Capital LLC purchased a new position in shares of Synopsys during the third quarter valued at $51,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insiders Place Their Bets

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total value of $10,544,236.38. Following the completion of the transaction, the executive now owns 1,460 shares in the company, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SNPS shares. Robert W. Baird decreased their price objective on Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Mizuho assumed coverage on shares of Synopsys in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $640.00 price target on shares of Synopsys in a report on Thursday, December 5th. Loop Capital initiated coverage on Synopsys in a research report on Monday, November 11th. They set a “buy” rating and a $675.00 price objective for the company. Finally, 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. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Synopsys presently has an average rating of “Moderate Buy” and an average price target of $641.82.

Synopsys Stock Performance

SNPS opened at $528.42 on Thursday. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38. The firm has a market cap of $81.68 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 3.44 and a beta of 1.12. The firm’s 50-day simple moving average is $514.82 and its 200-day simple moving average is $519.39.

About Synopsys

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.