Harvest Fund Management Co. Ltd Raises Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Harvest Fund Management Co. Ltd grew its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 74.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,446 shares of the semiconductor company’s stock after purchasing an additional 12,562 shares during the quarter. Synopsys accounts for about 0.9% of Harvest Fund Management Co. Ltd’s holdings, making the stock its 21st biggest holding. Harvest Fund Management Co. Ltd’s holdings in Synopsys were worth $14,913,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SNPS. Andina Capital Management LLC boosted its position in Synopsys by 2.8% in the 2nd quarter. Andina Capital Management LLC now owns 664 shares of the semiconductor company’s stock valued at $395,000 after buying an additional 18 shares during the period. Cascade Financial Partners LLC increased its holdings in Synopsys by 4.9% during the 2nd quarter. Cascade Financial Partners LLC now owns 389 shares of the semiconductor company’s stock worth $232,000 after purchasing an additional 18 shares during the period. Hazlett Burt & Watson Inc. raised its position in Synopsys by 40.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 20 shares in the last quarter. Hilltop National Bank boosted its stake in shares of Synopsys by 6.0% in the 2nd quarter. Hilltop National Bank now owns 370 shares of the semiconductor company’s stock valued at $220,000 after buying an additional 21 shares during the period. Finally, Green Alpha Advisors LLC grew its position in shares of Synopsys by 1.7% during the third quarter. Green Alpha Advisors LLC now owns 1,294 shares of the semiconductor company’s stock worth $655,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Price Performance

Shares of NASDAQ:SNPS opened at $565.07 on Monday. Synopsys, Inc. has a 1-year low of $457.52 and a 1-year high of $629.38. The stock has a market cap of $86.80 billion, a P/E ratio of 58.62, a P/E/G ratio of 3.45 and a beta of 1.08. The firm has a fifty day moving average price of $520.78 and a 200 day moving average price of $545.63.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Mizuho started coverage on shares of Synopsys in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price target for the company. Loop Capital initiated coverage on shares of Synopsys in a research note on Monday, November 11th. They set a “buy” rating and a $675.00 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $640.00 price target on shares of Synopsys in a research note on Tuesday, October 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $635.00 price objective on shares of Synopsys in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. raised their target price on Synopsys from $655.00 to $685.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Synopsys has an average rating of “Moderate Buy” and an average price target of $644.36.

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.