Synopsys, Inc. (NASDAQ:SNPS) Shares Sold by Norden Group LLC

Norden Group LLC decreased its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,335 shares of the semiconductor company’s stock after selling 31 shares during the quarter. Norden Group LLC’s holdings in Synopsys were worth $648,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Smartleaf Asset Management LLC increased its holdings in Synopsys by 3.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,148 shares of the semiconductor company’s stock valued at $1,046,000 after buying an additional 74 shares during the last quarter. Middleton & Co. Inc. MA grew its holdings in shares of Synopsys by 11.7% during the fourth quarter. Middleton & Co. Inc. MA now owns 19,437 shares of the semiconductor company’s stock valued at $9,434,000 after purchasing an additional 2,042 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of Synopsys by 3.9% during the fourth quarter. Metis Global Partners LLC now owns 8,044 shares of the semiconductor company’s stock valued at $3,904,000 after purchasing an additional 299 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Synopsys by 1.0% during the fourth quarter. Fisher Asset Management LLC now owns 12,643 shares of the semiconductor company’s stock valued at $6,137,000 after purchasing an additional 122 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in shares of Synopsys during the fourth quarter valued at approximately $372,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Redburn Atlantic assumed coverage on Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 target price for the company. Robert W. Baird lowered their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Loop Capital assumed coverage on Synopsys in a report on Monday, November 11th. They set a “buy” rating and a $675.00 target price for the company. Rosenblatt Securities reissued a “buy” rating and issued a $660.00 price objective on shares of Synopsys in a report on Tuesday, February 25th. Finally, Piper Sandler decreased their price objective on Synopsys from $655.00 to $653.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $638.58.

Synopsys Stock Down 3.1 %

Shares of SNPS opened at $443.26 on Tuesday. The stock has a market cap of $68.54 billion, a price-to-earnings ratio of 30.53, a P/E/G ratio of 3.23 and a beta of 1.12. Synopsys, Inc. has a 12 month low of $442.29 and a 12 month high of $624.80. The company has a 50-day moving average price of $505.15 and a two-hundred day moving average price of $514.75.

Insider Transactions at Synopsys

In other news, CRO Richard S. Mahoney sold 20,838 shares of the firm’s stock in a transaction that occurred 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 sale, 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 this link. Company insiders own 0.62% of the company’s stock.

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.