World Investment Advisors LLC Purchases Shares of 499 Synopsys, Inc. (NASDAQ:SNPS)

World Investment Advisors LLC acquired a new position in Synopsys, Inc. (NASDAQ:SNPS) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 499 shares of the semiconductor company’s stock, valued at approximately $253,000.

Several other hedge funds also recently made changes to their positions in the business. Pine Valley Investments Ltd Liability Co grew its position in Synopsys by 44.8% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 727 shares of the semiconductor company’s stock worth $368,000 after buying an additional 225 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Synopsys by 51.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 31,210 shares of the semiconductor company’s stock worth $15,805,000 after purchasing an additional 10,649 shares during the period. Toronto Dominion Bank raised its position in shares of Synopsys by 0.3% during the third quarter. Toronto Dominion Bank now owns 83,993 shares of the semiconductor company’s stock worth $42,533,000 after purchasing an additional 224 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of Synopsys by 19.8% during the third quarter. Coldstream Capital Management Inc. now owns 2,997 shares of the semiconductor company’s stock valued at $1,530,000 after purchasing an additional 496 shares during the last quarter. Finally, Synergy Financial Group LTD boosted its position in shares of Synopsys by 9.8% in the 3rd quarter. Synergy Financial Group LTD now owns 549 shares of the semiconductor company’s stock valued at $278,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

SNPS has been the subject of a number of analyst reports. Mizuho assumed coverage on shares of Synopsys in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $640.00 price target on shares of Synopsys in a research report on Thursday, December 5th. Robert W. Baird lowered their price objective on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Loop Capital assumed coverage on Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 target price for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $635.00 price target on shares of Synopsys in a report on Wednesday, December 4th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Synopsys presently has an average rating of “Moderate Buy” and an average target price of $649.00.

Synopsys Trading Down 3.4 %

Shares of NASDAQ:SNPS opened at $494.43 on Thursday. The firm has a market cap of $75.95 billion, a price-to-earnings ratio of 34.05, a P/E/G ratio of 3.41 and a beta of 1.08. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38. The business has a fifty day simple moving average of $530.72 and a 200 day simple moving average of $541.02.

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.