Secured Retirement Advisors LLC Acquires 355 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Secured Retirement Advisors LLC increased its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 9.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,979 shares of the semiconductor company’s stock after buying an additional 355 shares during the period. Synopsys comprises approximately 1.1% of Secured Retirement Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Secured Retirement Advisors LLC’s holdings in Synopsys were worth $1,931,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Kieckhefer Group LLC acquired a new stake in shares of Synopsys during the fourth quarter worth $27,000. Hazlett Burt & Watson Inc. raised its position in Synopsys by 40.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after buying an additional 20 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of Synopsys in the 3rd quarter valued at $44,000. nVerses Capital LLC purchased a new stake in shares of Synopsys in the 3rd quarter valued at $51,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Synopsys in the fourth quarter worth $51,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Synopsys Trading Down 1.1 %

Shares of NASDAQ SNPS opened at $522.53 on Friday. The stock has a market capitalization of $80.77 billion, a PE ratio of 35.99, a PEG ratio of 3.49 and a beta of 1.12. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38. The stock has a fifty day simple moving average of $510.78 and a 200-day simple moving average of $518.06.

Insider Buying and Selling

In related news, CRO Richard S. Mahoney sold 20,838 shares of the business’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 transaction, the executive now directly owns 1,460 shares of the company’s stock, valued at $738,774.60. The trade was a 93.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.66% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Piper Sandler reduced their price objective on Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Loop Capital assumed coverage on shares of Synopsys in a research note on Monday, November 11th. They set a “buy” rating and a $675.00 target price on the stock. Wells Fargo & Company cut their price objective on Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Redburn Atlantic assumed coverage on shares of Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 price target for the company. Finally, Robert W. Baird reduced their price target on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. One equities research 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, Synopsys presently has a consensus rating of “Moderate Buy” and an average price target of $641.82.

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.