Slow Capital Inc. Increases Stake in Synopsys, Inc. (NASDAQ:SNPS)

Slow Capital Inc. boosted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 77.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,126 shares of the semiconductor company’s stock after acquiring an additional 2,677 shares during the period. Slow Capital Inc.’s holdings in Synopsys were worth $2,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of SNPS. James Hambro & Partners LLP boosted its position in Synopsys by 30.9% during the 4th quarter. James Hambro & Partners LLP now owns 201,460 shares of the semiconductor company’s stock valued at $97,725,000 after acquiring an additional 47,527 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Synopsys by 5.8% during the fourth quarter. Pacer Advisors Inc. now owns 21,481 shares of the semiconductor company’s stock valued at $10,426,000 after buying an additional 1,173 shares during the last quarter. KBC Group NV boosted its holdings in shares of Synopsys by 12.6% in the 4th quarter. KBC Group NV now owns 177,031 shares of the semiconductor company’s stock valued at $85,923,000 after buying an additional 19,854 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Synopsys in the 4th quarter worth approximately $17,162,000. Finally, Capital Asset Advisory Services LLC raised its stake in shares of Synopsys by 3.6% during the 4th quarter. Capital Asset Advisory Services LLC now owns 3,645 shares of the semiconductor company’s stock worth $1,800,000 after acquiring an additional 125 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

SNPS has been the topic of a number of recent analyst reports. Mizuho assumed coverage on Synopsys in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price target on the stock. Redburn Atlantic began coverage on Synopsys in a research note on Monday, January 13th. They set a “buy” rating and a $600.00 price target on the stock. Wells Fargo & Company cut their price target 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. Robert W. Baird lowered their price objective on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $640.00 target price on shares of Synopsys in a research report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $641.82.

Insider Buying and Selling

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the company’s stock in a transaction on 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 directly owns 1,460 shares in the company, valued at approximately $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.66% of the stock is currently owned by insiders.

Synopsys Stock Performance

Shares of Synopsys stock opened at $510.73 on Tuesday. The firm has a 50-day simple moving average of $518.68 and a two-hundred day simple moving average of $522.91. Synopsys, Inc. has a fifty-two week low of $457.52 and a fifty-two week high of $629.38. The company has a market cap of $78.95 billion, a P/E ratio of 35.17, a price-to-earnings-growth ratio of 3.57 and a beta of 1.12.

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.