Atomi Financial Group Inc. Sells 207 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Atomi Financial Group Inc. lessened its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 28.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 512 shares of the semiconductor company’s stock after selling 207 shares during the period. Atomi Financial Group Inc.’s holdings in Synopsys were worth $249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNPS. Pacifica Partners Inc. bought a new position in Synopsys in the third quarter valued at $25,000. Kieckhefer Group LLC bought a new position in shares of Synopsys during the fourth quarter valued at approximately $27,000. Tsfg LLC increased its stake in shares of Synopsys by 75.0% during 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 in the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of Synopsys by 40.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 20 shares in the last quarter. Finally, Princeton Global Asset Management LLC bought a new stake in shares of Synopsys during the third quarter valued at approximately $44,000. Institutional investors own 85.47% of the company’s stock.

Synopsys Stock Down 1.0 %

Shares of SNPS opened at $546.19 on Monday. The company has a 50 day moving average of $518.68 and a two-hundred day moving average of $523.59. The company has a market cap of $84.43 billion, a price-to-earnings ratio of 37.62, a price-to-earnings-growth ratio of 3.57 and a beta of 1.12. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38.

Insiders Place Their Bets

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were 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 of the company’s stock, valued at approximately $738,774.60. This trade represents a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Mizuho began coverage on shares of Synopsys in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 target price for the company. Piper Sandler decreased their target price on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. 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 on the stock. Wells Fargo & Company dropped their target price 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. Finally, Needham & Company LLC reiterated a “buy” rating and set a $640.00 price objective on shares of Synopsys in a research note on Thursday, December 5th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $641.82.

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.