Motley Fool Asset Management LLC Purchases 396 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Motley Fool Asset Management LLC grew its position in Synopsys, Inc. (NASDAQ:SNPS) by 5.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,200 shares of the semiconductor company’s stock after buying an additional 396 shares during the period. Motley Fool Asset Management LLC’s holdings in Synopsys were worth $3,568,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SNPS. ORG Partners LLC boosted its stake in Synopsys by 600.0% in the second quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 36 shares in the last quarter. Chris Bulman Inc purchased a new stake in shares of Synopsys during the 2nd quarter valued at $30,000. Pacifica Partners Inc. acquired a new stake in shares of Synopsys in the 3rd quarter worth $25,000. Tsfg LLC grew its stake in Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after buying an additional 24 shares during the last quarter. Finally, Fortitude Family Office LLC increased its position in Synopsys by 66.7% during the 2nd quarter. Fortitude Family Office LLC now owns 60 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Loop Capital assumed coverage on Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 price target for the company. Robert W. Baird lifted their price objective on Synopsys from $661.00 to $663.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Wells Fargo & Company began coverage on shares of Synopsys in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $570.00 target price for the company. Mizuho assumed coverage on Synopsys in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price objective for the company. Finally, Berenberg Bank assumed coverage on shares of Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 price objective on the stock. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $653.80.

Synopsys Trading Up 0.8 %

Shares of SNPS opened at $570.19 on Wednesday. The firm’s 50-day moving average is $528.30 and its two-hundred day moving average is $545.39. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38. The firm has a market capitalization of $87.59 billion, a P/E ratio of 59.15, a PEG ratio of 3.45 and a beta of 1.08.

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.