Fulton Breakefield Broenniman LLC Buys 126 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Fulton Breakefield Broenniman LLC grew its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 14.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 971 shares of the semiconductor company’s stock after purchasing an additional 126 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Synopsys were worth $471,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SNPS. Pacifica Partners Inc. bought a new position in shares of Synopsys during the 3rd quarter worth approximately $25,000. Kieckhefer Group LLC bought a new position in Synopsys during the fourth quarter worth $27,000. Tsfg LLC lifted its holdings in shares of Synopsys by 75.0% during the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after buying an additional 24 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of Synopsys by 40.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after buying an additional 20 shares in the last quarter. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Synopsys during the third quarter worth $44,000. Institutional investors own 85.47% of the company’s stock.

Synopsys Trading Up 3.0 %

NASDAQ SNPS opened at $526.12 on Wednesday. The firm has a market capitalization of $81.33 billion, a P/E ratio of 36.23, a PEG ratio of 3.57 and a beta of 1.12. The business has a fifty day simple moving average of $518.41 and a 200 day simple moving average of $522.22. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $635.00 price target on shares of Synopsys in a research note on Wednesday, December 4th. Mizuho initiated coverage on Synopsys in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price target for the company. Wells Fargo & Company lowered their target price on Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Loop Capital assumed coverage on Synopsys in a report on Monday, November 11th. They set a “buy” rating and a $675.00 price target on the stock. Finally, Piper Sandler reduced their price target on Synopsys from $670.00 to $655.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $641.82.

Insider Activity at Synopsys

In other news, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the completion of the transaction, the executive now owns 1,460 shares in the company, valued at approximately $738,774.60. This represents a 93.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by insiders.

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.