Oak Grove Capital LLC Has $2.75 Million Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Oak Grove Capital LLC raised its stake in Synopsys, Inc. (NASDAQ:SNPS) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,667 shares of the semiconductor company’s stock after buying an additional 192 shares during the quarter. Synopsys accounts for about 0.4% of Oak Grove Capital LLC’s portfolio, making the stock its 27th largest position. Oak Grove Capital LLC’s holdings in Synopsys were worth $2,751,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stephens Inc. AR boosted its stake in Synopsys by 3.9% during the 3rd quarter. Stephens Inc. AR now owns 1,530 shares of the semiconductor company’s stock worth $775,000 after acquiring an additional 58 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in Synopsys by 8.6% in the third quarter. Chicago Partners Investment Group LLC now owns 784 shares of the semiconductor company’s stock worth $387,000 after purchasing an additional 62 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Synopsys by 0.7% during the third quarter. Janney Montgomery Scott LLC now owns 46,507 shares of the semiconductor company’s stock worth $23,551,000 after purchasing an additional 337 shares in the last quarter. National Pension Service grew its holdings in shares of Synopsys by 11.3% in the 3rd quarter. National Pension Service now owns 360,365 shares of the semiconductor company’s stock valued at $182,485,000 after buying an additional 36,600 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in shares of Synopsys by 1.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 71,538 shares of the semiconductor company’s stock valued at $36,226,000 after buying an additional 1,125 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

Synopsys Trading Up 0.5 %

Shares of SNPS stock opened at $445.47 on Wednesday. The firm’s fifty day moving average price is $504.06 and its two-hundred day moving average price is $514.02. Synopsys, Inc. has a 1 year low of $429.77 and a 1 year high of $624.80. The firm has a market capitalization of $68.88 billion, a P/E ratio of 30.68, a PEG ratio of 3.23 and a beta of 1.12.

Insider Activity

In related news, CEO Sassine Ghazi sold 11,366 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $463.75, for a total transaction of $5,270,982.50. Following the completion of the transaction, the chief executive officer now directly owns 70,922 shares of the company’s stock, valued at approximately $32,890,077.50. This represents a 13.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total value of $10,544,236.38. Following the transaction, the executive now directly owns 1,460 shares in the company, valued at $738,774.60. This trade represents a 93.45 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SNPS. Loop Capital started coverage on Synopsys in a report on Monday, November 11th. They set a “buy” rating and a $675.00 target price on the stock. Redburn Atlantic began coverage on Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 price objective on the stock. Wells Fargo & Company lowered 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. Piper Sandler cut their price target on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Finally, Morgan Stanley reduced their price target on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $638.58.

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.