Synopsys, Inc. (NASDAQ:SNPS) Shares Sold by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC lowered its stake in Synopsys, Inc. (NASDAQ:SNPS) by 53.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 536 shares of the semiconductor company’s stock after selling 621 shares during the period. Gryphon Financial Partners LLC’s holdings in Synopsys were worth $260,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. 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 last quarter. Caprock Group LLC increased its holdings in shares of Synopsys by 0.5% during the 4th quarter. Caprock Group LLC now owns 3,714 shares of the semiconductor company’s stock worth $1,803,000 after purchasing an additional 20 shares during the period. Compagnie Lombard Odier SCmA increased its holdings in shares of Synopsys by 1.1% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,850 shares of the semiconductor company’s stock worth $898,000 after purchasing an additional 20 shares during the period. Edge Capital Group LLC raised its position in shares of Synopsys by 1.2% during the fourth quarter. Edge Capital Group LLC now owns 1,629 shares of the semiconductor company’s stock valued at $791,000 after buying an additional 20 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its stake in shares of Synopsys by 1.5% in the third quarter. Aptus Capital Advisors LLC now owns 1,447 shares of the semiconductor company’s stock valued at $733,000 after buying an additional 22 shares during the period. 85.47% of the stock is owned by institutional investors.

Insider Activity

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 sale, the executive now owns 1,460 shares of the company’s stock, valued at $738,774.60. This represents a 93.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Synopsys Stock Performance

Shares of SNPS opened at $443.26 on Tuesday. The company has a market cap of $68.54 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 3.23 and a beta of 1.12. The stock has a fifty day moving average price of $505.15 and a two-hundred day moving average price of $514.75. Synopsys, Inc. has a 52-week low of $442.29 and a 52-week high of $624.80.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wells Fargo & Company cut their target price on Synopsys from $540.00 to $520.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Robert W. Baird cut their price target 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. Morgan Stanley decreased their price objective on Synopsys from $625.00 to $590.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Piper Sandler dropped their target price on Synopsys from $655.00 to $653.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Finally, Loop Capital began coverage on Synopsys in a research report on Monday, November 11th. They set a “buy” rating and a $675.00 target price for the company. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $638.58.

Synopsys Company 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.