Field & Main Bank Sells 295 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Field & Main Bank trimmed its position in Synopsys, Inc. (NASDAQ:SNPS) by 26.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 839 shares of the semiconductor company’s stock after selling 295 shares during the period. Field & Main Bank’s holdings in Synopsys were worth $407,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacifica Partners Inc. acquired a new position in Synopsys during the 3rd quarter valued at about $25,000. Kieckhefer Group LLC purchased a new position in shares of Synopsys in the 4th quarter valued at approximately $27,000. Tsfg LLC boosted its stake in Synopsys by 75.0% in the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 24 shares in the last quarter. Hazlett Burt & Watson Inc. grew 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 purchasing an additional 20 shares during the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Synopsys in the third quarter worth $44,000. 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 that occurred on Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the sale, the executive now owns 1,460 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SNPS. Loop Capital began coverage on Synopsys in a research note on Monday, November 11th. They issued a “buy” rating and a $675.00 target price for the company. Robert W. Baird dropped their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Wells Fargo & Company cut their price objective on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Rosenblatt Securities restated a “buy” rating and set a $635.00 target price on shares of Synopsys in a research report on Wednesday, December 4th. Finally, Mizuho assumed coverage on Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price target for the company. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Synopsys currently has an average rating of “Moderate Buy” and a consensus target price of $641.82.

Synopsys Trading Down 1.3 %

SNPS traded down $6.59 during mid-day trading on Wednesday, hitting $519.53. 48,136 shares of the stock were exchanged, compared to its average volume of 1,092,714. Synopsys, Inc. has a 1-year low of $457.52 and a 1-year high of $629.38. The firm’s fifty day moving average is $518.25 and its two-hundred day moving average is $521.60. The company has a market cap of $80.31 billion, a PE ratio of 35.74, a PEG ratio of 3.57 and a beta of 1.12.

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.