By otakuyassine3@gmail.com 
Sivia Capital Partners LLC lowered its stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 483 shares of the semiconductor company’s stock after selling 33 shares during the period. Sivia Capital Partners LLC’s holdings in Synopsys were worth $234,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in SNPS. Hazlett Burt & Watson Inc. grew its stake in shares of Synopsys by 40.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 20 shares in the last quarter. Green Alpha Advisors LLC grew its holdings in shares of Synopsys by 1.7% in the third quarter. Green Alpha Advisors LLC now owns 1,294 shares of the semiconductor company’s stock valued at $655,000 after purchasing an additional 22 shares in the last quarter. Aptus Capital Advisors LLC raised 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 acquiring an additional 22 shares in the last quarter. Resurgent Financial Advisors LLC boosted its stake in shares of Synopsys by 2.8% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 809 shares of the semiconductor company’s stock valued at $410,000 after buying an additional 22 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Synopsys by 6.1% during the 3rd quarter. Larson Financial Group LLC now owns 398 shares of the semiconductor company’s stock worth $202,000 after acquiring an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.
Analyst Upgrades and Downgrades
SNPS has been the subject of a number of recent analyst reports. Robert W. Baird decreased their price target on Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Piper Sandler decreased their price target on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Redburn Atlantic assumed coverage on Synopsys in a report on Monday. They set a “buy” rating and a $600.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a report on Wednesday, December 4th. Finally, Berenberg Bank initiated coverage on shares of Synopsys in a research note on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price objective for the company. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $641.82.
Check Out Our Latest Stock Analysis on SNPS
Synopsys Trading Down 1.1 %
Shares of NASDAQ SNPS traded down $5.63 during mid-day trading on Monday, reaching $486.91. The company had a trading volume of 540,124 shares, compared to its average volume of 963,986. The company has a 50-day moving average price of $523.58 and a two-hundred day moving average price of $528.92. The stock has a market cap of $75.27 billion, a PE ratio of 33.53, a P/E/G ratio of 3.41 and a beta of 1.12. Synopsys, Inc. has a 1-year low of $457.52 and a 1-year high of $629.38.
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.
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