Wilmington Savings Fund Society FSB Sells 101 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Wilmington Savings Fund Society FSB trimmed its stake in Synopsys, Inc. (NASDAQ:SNPS) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,607 shares of the semiconductor company’s stock after selling 101 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Synopsys were worth $780,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Brookstone Capital Management boosted its stake in Synopsys by 25.5% in the 3rd quarter. Brookstone Capital Management now owns 935 shares of the semiconductor company’s stock worth $473,000 after purchasing an additional 190 shares in the last quarter. Gateway Investment Advisers LLC raised its holdings in Synopsys by 9.8% in the third quarter. Gateway Investment Advisers LLC now owns 772 shares of the semiconductor company’s stock worth $391,000 after buying an additional 69 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Synopsys by 170.0% in the third quarter. Exchange Traded Concepts LLC now owns 7,739 shares of the semiconductor company’s stock worth $3,919,000 after buying an additional 4,873 shares in the last quarter. Compagnie Lombard Odier SCmA grew its holdings in shares of Synopsys by 35.8% during the third quarter. Compagnie Lombard Odier SCmA now owns 1,830 shares of the semiconductor company’s stock valued at $927,000 after buying an additional 482 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. increased its position in shares of Synopsys by 3.2% during the third quarter. Redhawk Wealth Advisors Inc. now owns 5,797 shares of the semiconductor company’s stock valued at $2,936,000 after acquiring an additional 182 shares in the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Synopsys Trading Up 1.0 %

Shares of SNPS stock opened at $531.33 on Tuesday. The company has a 50 day simple moving average of $513.49 and a two-hundred day simple moving average of $518.39. The stock has a market cap of $82.13 billion, a P/E ratio of 36.59, a P/E/G ratio of 3.49 and a beta of 1.12. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38.

Insider Transactions at Synopsys

In related news, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction that occurred 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 directly owns 1,460 shares in the company, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Mizuho initiated coverage on Synopsys in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price objective on the stock. Wells Fargo & Company decreased their target price 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. Berenberg Bank started coverage on shares of Synopsys in a research note on Tuesday, October 15th. They set a “buy” rating and a $660.00 target price on the stock. Piper Sandler reduced their price target on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Finally, Rosenblatt Securities restated a “buy” rating and set a $635.00 price objective on shares of Synopsys in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $641.82.

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.