Kieckhefer Group LLC Makes New Investment in Synopsys, Inc. (NASDAQ:SNPS)

Kieckhefer Group LLC bought a new stake in Synopsys, Inc. (NASDAQ:SNPS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 55 shares of the semiconductor company’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SNPS. Pacifica Partners Inc. acquired a new position in Synopsys during the third quarter worth about $25,000. Tsfg LLC grew its holdings in shares of Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 24 shares during the last quarter. Hazlett Burt & Watson Inc. increased its position in Synopsys by 40.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 20 shares in the last quarter. Fairscale Capital LLC bought a new position in Synopsys in the 2nd quarter valued at approximately $51,000. Finally, Princeton Global Asset Management LLC acquired a new stake in Synopsys in the third quarter valued at approximately $44,000. Institutional investors own 85.47% of the company’s stock.

Synopsys Stock Down 1.0 %

SNPS stock opened at $487.43 on Tuesday. The firm has a market cap of $75.35 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 3.41 and a beta of 1.12. The company’s fifty day simple moving average is $522.84 and its 200 day simple moving average is $528.17. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SNPS shares. Rosenblatt Securities reiterated a “buy” rating and issued a $635.00 price target on shares of Synopsys in a research note on Wednesday, December 4th. Needham & Company LLC reissued a “buy” rating and set a $640.00 price target on shares of Synopsys in a research note on Thursday, December 5th. Loop Capital assumed coverage on Synopsys in a research note on Monday, November 11th. They issued a “buy” rating and a $675.00 price objective for the company. Mizuho started coverage on shares of Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price objective for the company. Finally, Robert W. Baird reduced their target price on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Synopsys has a consensus rating of “Moderate Buy” and a consensus price target of $641.82.

Synopsys Company 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.