Goldstream Capital Management Ltd Decreases Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Goldstream Capital Management Ltd lessened its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 95.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 400 shares of the semiconductor company’s stock after selling 9,432 shares during the quarter. Goldstream Capital Management Ltd’s holdings in Synopsys were worth $203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SNPS. ORG Partners LLC raised its stake in Synopsys by 600.0% during the 2nd quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Pacifica Partners Inc. purchased a new position in Synopsys during the 3rd quarter worth $25,000. Tsfg LLC increased its stake in Synopsys by 75.0% in the third 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. Chris Bulman Inc purchased a new stake in shares of Synopsys in the second quarter valued at about $30,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of Synopsys by 40.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 20 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on SNPS. Rosenblatt Securities reissued a “buy” rating and set a $635.00 price target on shares of Synopsys in a report on Wednesday. Piper Sandler dropped their target price on Synopsys from $670.00 to $655.00 and set an “overweight” rating on the stock in a report on Friday. Wells Fargo & Company initiated coverage on Synopsys in a research note on Friday, November 22nd. They set an “equal weight” rating and a $570.00 price target for the company. Berenberg Bank initiated coverage on shares of Synopsys in a research note on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $640.00 target price on shares of Synopsys in a report on Thursday. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $649.00.

Synopsys Stock Performance

SNPS opened at $517.28 on Friday. The company has a market cap of $79.46 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 3.59 and a beta of 1.08. Synopsys, Inc. has a one year low of $457.52 and a one year high of $629.38. The business’s fifty day moving average is $529.85 and its two-hundred day moving average is $545.47.

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.