Financial Counselors Inc. Purchases 4,438 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Financial Counselors Inc. increased its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 17.0% during the third quarter, HoldingsChannel.com reports. The fund owned 30,617 shares of the semiconductor company’s stock after acquiring an additional 4,438 shares during the period. Financial Counselors Inc.’s holdings in Synopsys were worth $15,504,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNPS. ORG Partners LLC increased its holdings in shares of Synopsys by 600.0% in the 2nd quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock worth $25,000 after buying an additional 36 shares during the last quarter. Pacifica Partners Inc. bought a new position in shares of Synopsys in the 3rd quarter worth $25,000. Tsfg LLC increased its holdings in shares of Synopsys by 75.0% in the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after buying an additional 24 shares during the last quarter. Chris Bulman Inc bought a new position in shares of Synopsys in the 2nd quarter worth $30,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of Synopsys by 40.0% in 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. Institutional investors own 85.47% of the company’s stock.

Synopsys Trading Down 1.1 %

NASDAQ:SNPS opened at $547.74 on Thursday. The company has a 50-day moving average price of $524.12 and a 200-day moving average price of $545.71. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38. The stock has a market cap of $84.14 billion, a price-to-earnings ratio of 56.82, a P/E/G ratio of 3.43 and a beta of 1.08.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Synopsys from $661.00 to $663.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Piper Sandler cut their price objective on shares of Synopsys from $687.00 to $670.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Wells Fargo & Company began coverage on shares of Synopsys in a research report on Friday, November 22nd. They set an “equal weight” rating and a $570.00 price target for the company. Berenberg Bank began coverage on shares of Synopsys in a research report on Tuesday, October 15th. They set a “buy” rating and a $660.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $653.80.

About Synopsys

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.