12,294 Shares in Synopsys, Inc. (NASDAQ:SNPS) Purchased by Avanza Fonder AB

Avanza Fonder AB acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 12,294 shares of the semiconductor company’s stock, valued at approximately $5,967,000.

Other institutional investors have also bought and sold shares of the company. Hazlett Burt & Watson Inc. lifted its position in 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 acquiring an additional 20 shares during the last quarter. Green Alpha Advisors LLC grew its stake in Synopsys by 1.7% during the 3rd quarter. Green Alpha Advisors LLC now owns 1,294 shares of the semiconductor company’s stock worth $655,000 after buying an additional 22 shares during the last quarter. Aptus Capital Advisors LLC lifted its stake in 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 buying an additional 22 shares during the last quarter. Resurgent Financial Advisors LLC lifted its stake in Synopsys by 2.8% in the third 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 last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Synopsys by 6.1% in the third quarter. Larson Financial Group LLC now owns 398 shares of the semiconductor company’s stock valued at $202,000 after acquiring an additional 23 shares during the period. 85.47% of the stock is owned by hedge funds and other institutional investors.

Synopsys Stock Performance

Shares of NASDAQ SNPS opened at $524.31 on Friday. The firm’s 50 day moving average price is $521.29 and its 200 day moving average price is $527.29. The firm has a market cap of $81.05 billion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 3.22 and a beta of 1.12. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38.

Analysts Set New Price Targets

SNPS has been the subject of a number of recent research reports. Mizuho started coverage on shares of Synopsys in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price target for the company. Wells Fargo & Company cut their target price on Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a research note on Monday. Needham & Company LLC restated a “buy” rating and issued a $640.00 price target on shares of Synopsys in a research note on Thursday, December 5th. Robert W. Baird decreased their target price on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Finally, Loop Capital assumed coverage on shares of Synopsys in a research note on Monday, November 11th. They issued a “buy” rating and a $675.00 price objective for the company. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $641.82.

Insider Transactions at Synopsys

In related news, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the transaction, the executive now directly owns 1,460 shares in the company, valued at approximately $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.66% of the company’s stock.

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.