Synopsys, Inc. (NASDAQ:SNPS) Shares Bought by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. grew its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 25.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,254 shares of the semiconductor company’s stock after purchasing an additional 1,277 shares during the quarter. Capital Investment Services of America Inc.’s holdings in Synopsys were worth $3,035,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kieckhefer Group LLC acquired a new position in Synopsys in the 4th quarter valued at about $27,000. Tsfg LLC increased its position in Synopsys by 75.0% during the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $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 third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 20 shares during the last quarter. Princeton Global Asset Management LLC purchased a new position in Synopsys during the third quarter worth approximately $44,000. Finally, nVerses Capital LLC acquired a new position in shares of Synopsys in the 3rd quarter valued at $51,000. 85.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total value of $10,544,236.38. Following the sale, the executive now directly owns 1,460 shares in the company, valued at approximately $738,774.60. This trade 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 link. 0.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on SNPS shares. Robert W. Baird dropped their price objective on Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Rosenblatt Securities restated a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a report on Wednesday, December 4th. Wells Fargo & Company reduced their price objective 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. Loop Capital started coverage on shares of Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 price target on the stock. Finally, Redburn Atlantic assumed coverage on shares of Synopsys in a research report on Monday, January 13th. They issued a “buy” rating and a $600.00 price objective for the company. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $641.82.

Synopsys Price Performance

Synopsys stock opened at $528.42 on Thursday. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38. The company has a fifty day moving average price of $514.82 and a two-hundred day moving average price of $519.39. The company has a market cap of $81.68 billion, a PE ratio of 36.39, a P/E/G 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.