Pine Valley Investments Ltd Liability Co Buys 225 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Pine Valley Investments Ltd Liability Co boosted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 44.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 727 shares of the semiconductor company’s stock after purchasing an additional 225 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Synopsys were worth $368,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky boosted its position in Synopsys by 51.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 31,210 shares of the semiconductor company’s stock worth $15,805,000 after purchasing an additional 10,649 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of Synopsys by 0.3% in the 3rd quarter. Toronto Dominion Bank now owns 83,993 shares of the semiconductor company’s stock worth $42,533,000 after purchasing an additional 224 shares during the period. Coldstream Capital Management Inc. boosted its holdings in shares of Synopsys by 19.8% in the third quarter. Coldstream Capital Management Inc. now owns 2,997 shares of the semiconductor company’s stock worth $1,530,000 after buying an additional 496 shares during the last quarter. Synergy Financial Group LTD grew its position in Synopsys by 9.8% during the third quarter. Synergy Financial Group LTD now owns 549 shares of the semiconductor company’s stock valued at $278,000 after buying an additional 49 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Synopsys by 1.9% during the third quarter. Geode Capital Management LLC now owns 3,281,867 shares of the semiconductor company’s stock valued at $1,656,005,000 after buying an additional 61,799 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Synopsys Trading Down 0.7 %

Shares of SNPS opened at $508.28 on Friday. The business’s 50 day moving average is $530.98 and its 200 day moving average is $542.58. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38. The company has a market capitalization of $78.08 billion, a PE ratio of 35.01, a price-to-earnings-growth ratio of 3.43 and a beta of 1.08.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SNPS shares. Wells Fargo & Company initiated coverage on shares of Synopsys in a research report on Friday, November 22nd. They set an “equal weight” rating and a $570.00 price objective for the company. Loop Capital began coverage on Synopsys in a report on Monday, November 11th. They set a “buy” rating and a $675.00 price target for the company. Robert W. Baird reduced their price target on Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $635.00 price objective on shares of Synopsys in a research report on Wednesday, December 4th. Finally, Mizuho started coverage on shares of Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 target price for the company. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $649.00.

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.