CWA Asset Management Group LLC Sells 34 Shares of Synopsys, Inc. (NASDAQ:SNPS)

CWA Asset Management Group LLC decreased its position in Synopsys, Inc. (NASDAQ:SNPS) by 1.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,214 shares of the semiconductor company’s stock after selling 34 shares during the quarter. CWA Asset Management Group LLC’s holdings in Synopsys were worth $1,075,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Chris Bulman Inc bought a new stake in Synopsys during the second quarter worth about $30,000. Pacifica Partners Inc. bought a new stake in Synopsys during the 3rd quarter worth approximately $25,000. Tsfg LLC increased its holdings in Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 24 shares in the last quarter. Hazlett Burt & Watson Inc. raised its position in Synopsys by 40.0% in 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. Finally, Fairscale Capital LLC acquired a new position in Synopsys in the second quarter worth $51,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SNPS. Needham & Company LLC reaffirmed a “buy” rating and issued a $640.00 price target on shares of Synopsys in a report on Thursday, December 5th. Loop Capital began coverage on shares of Synopsys in a research note on Monday, November 11th. They issued a “buy” rating and a $675.00 target price for the company. Wells Fargo & Company assumed coverage on shares of Synopsys in a research note on Friday, November 22nd. They set an “equal weight” rating and a $570.00 price target on the stock. Berenberg Bank began coverage on shares of Synopsys in a research report on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price objective for the company. Finally, 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. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $649.00.

Synopsys Stock Down 2.7 %

NASDAQ:SNPS opened at $487.62 on Wednesday. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38. The stock’s fifty day simple moving average is $525.02 and its 200-day simple moving average is $531.02. The firm has a market capitalization of $75.38 billion, a P/E ratio of 33.58, a P/E/G ratio of 3.41 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.