145 Shares in Synopsys, Inc. (NASDAQ:SNPS) Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 145 shares of the semiconductor company’s stock, valued at approximately $70,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brookstone Capital Management grew its stake in Synopsys by 25.5% during the 3rd quarter. Brookstone Capital Management now owns 935 shares of the semiconductor company’s stock valued at $473,000 after acquiring an additional 190 shares in the last quarter. Gateway Investment Advisers LLC grew its position in shares of Synopsys by 9.8% in the third quarter. Gateway Investment Advisers LLC now owns 772 shares of the semiconductor company’s stock valued at $391,000 after purchasing an additional 69 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Synopsys by 170.0% in the third quarter. Exchange Traded Concepts LLC now owns 7,739 shares of the semiconductor company’s stock valued at $3,919,000 after purchasing an additional 4,873 shares during the last quarter. Compagnie Lombard Odier SCmA lifted its position in Synopsys by 35.8% during the third quarter. Compagnie Lombard Odier SCmA now owns 1,830 shares of the semiconductor company’s stock worth $927,000 after buying an additional 482 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its stake in Synopsys by 3.2% during the third quarter. Redhawk Wealth Advisors Inc. now owns 5,797 shares of the semiconductor company’s stock worth $2,936,000 after buying an additional 182 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insider Buying and Selling

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the sale, the executive now directly owns 1,460 shares in the company, valued at $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SNPS has been the subject of a number of recent research reports. Berenberg Bank initiated coverage on Synopsys in a research note on Tuesday, October 15th. They issued a “buy” rating and a $660.00 target price for the company. Redburn Atlantic initiated coverage on shares of Synopsys in a research report on Monday, January 13th. They set a “buy” rating and a $600.00 price objective for the company. Loop Capital started coverage on shares of Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 target price on the stock. Robert W. Baird cut their price target on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $640.00 price objective on shares of Synopsys in a report on Thursday, December 5th. 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 currently has an average rating of “Moderate Buy” and a consensus target price of $641.82.

Synopsys Stock Up 1.0 %

NASDAQ:SNPS opened at $531.33 on Tuesday. Synopsys, Inc. has a 52 week low of $457.52 and a 52 week high of $629.38. The stock’s fifty day moving average is $513.49 and its two-hundred day moving average is $518.39. The stock has a market capitalization of $82.13 billion, a price-to-earnings ratio of 36.59, a price-to-earnings-growth ratio of 3.49 and a beta of 1.12.

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.