Paradiem LLC Acquires 519 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Paradiem LLC grew its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,270 shares of the semiconductor company’s stock after buying an additional 519 shares during the period. Paradiem LLC’s holdings in Synopsys were worth $5,470,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Place Capital Corp lifted its holdings in shares of Synopsys by 142.4% in the 4th quarter. Park Place Capital Corp now owns 383 shares of the semiconductor company’s stock worth $186,000 after purchasing an additional 225 shares in the last quarter. Janney Capital Management LLC bought a new position in shares of Synopsys in the 4th quarter worth $6,082,000. Advisory Alpha LLC lifted its holdings in shares of Synopsys by 3.8% in the 4th quarter. Advisory Alpha LLC now owns 691 shares of the semiconductor company’s stock worth $335,000 after purchasing an additional 25 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Synopsys by 6.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 46,293 shares of the semiconductor company’s stock worth $22,469,000 after purchasing an additional 2,778 shares in the last quarter. Finally, Bourgeon Capital Management LLC bought a new position in shares of Synopsys in the 4th quarter worth $705,000. 85.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total value of $10,544,236.38. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SNPS shares. Piper Sandler lowered their price target on Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Rosenblatt Securities reissued a “buy” rating and issued a $635.00 price target on shares of Synopsys in a research report on Wednesday, December 4th. Mizuho started coverage on Synopsys in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price target for the company. Redburn Atlantic started coverage on Synopsys in a research report on Monday, January 13th. They issued a “buy” rating and a $600.00 price target for the company. Finally, Wells Fargo & Company lowered their price target 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. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $641.82.

Synopsys Price Performance

Shares of Synopsys stock opened at $544.70 on Thursday. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38. The firm has a market cap of $84.20 billion, a PE ratio of 37.51, a P/E/G ratio of 3.47 and a beta of 1.12. The stock has a fifty day moving average price of $518.37 and a 200-day moving average price of $524.33.

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.