Yousif Capital Management LLC Decreases Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Yousif Capital Management LLC reduced its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 8.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,496 shares of the semiconductor company’s stock after selling 1,713 shares during the period. Yousif Capital Management LLC’s holdings in Synopsys were worth $8,977,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SNPS. Czech National Bank increased its stake in Synopsys by 7.3% during the third quarter. Czech National Bank now owns 31,211 shares of the semiconductor company’s stock worth $15,805,000 after acquiring an additional 2,124 shares during the last quarter. Diversified Trust Co increased its position in shares of Synopsys by 5.8% during the 3rd quarter. Diversified Trust Co now owns 2,997 shares of the semiconductor company’s stock valued at $1,518,000 after purchasing an additional 163 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Synopsys by 14.4% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,897 shares of the semiconductor company’s stock valued at $961,000 after buying an additional 239 shares during the period. Artemis Investment Management LLP lifted its position in Synopsys by 124.9% in the third quarter. Artemis Investment Management LLP now owns 23,797 shares of the semiconductor company’s stock worth $12,051,000 after buying an additional 13,214 shares during the last quarter. Finally, Brookstone Capital Management boosted its stake in Synopsys by 25.5% during the third quarter. Brookstone Capital Management now owns 935 shares of the semiconductor company’s stock worth $473,000 after buying an additional 190 shares during the period. 85.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SNPS has been the topic of several recent analyst reports. 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 research note on Thursday, December 5th. Berenberg Bank started coverage on shares of Synopsys in a research note on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price objective for the company. Wells Fargo & Company cut their target price on Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Piper Sandler decreased their price target on Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Finally, Redburn Atlantic started coverage on Synopsys in a research report on Monday, January 13th. They issued a “buy” rating and a $600.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Synopsys currently has a consensus rating of “Moderate Buy” and a consensus target price of $641.82.

Insider Activity

In related news, CRO Richard S. Mahoney sold 20,838 shares of the company’s stock in a transaction on 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 completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.66% of the company’s stock.

Synopsys Price Performance

SNPS stock opened at $528.42 on Thursday. Synopsys, Inc. has a 1-year low of $457.52 and a 1-year high of $629.38. The business has a 50-day moving average price of $514.82 and a 200 day moving average price of $519.39. The company has a market capitalization of $81.68 billion, a P/E ratio of 36.39, a PEG ratio of 3.44 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.