Graypoint LLC Has $534,000 Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Graypoint LLC boosted its stake in Synopsys, Inc. (NASDAQ:SNPS) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,100 shares of the semiconductor company’s stock after purchasing an additional 31 shares during the period. Graypoint LLC’s holdings in Synopsys were worth $534,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Davidson Capital Management Inc. raised its position in shares of Synopsys by 33,828.6% during the third quarter. Davidson Capital Management Inc. now owns 4,750 shares of the semiconductor company’s stock worth $2,405,000 after acquiring an additional 4,736 shares during the last quarter. Peloton Wealth Strategists raised its holdings in Synopsys by 221.2% during the 3rd quarter. Peloton Wealth Strategists now owns 2,881 shares of the semiconductor company’s stock worth $1,459,000 after purchasing an additional 1,984 shares during the last quarter. Swiss National Bank lifted its position in shares of Synopsys by 0.7% in the 3rd quarter. Swiss National Bank now owns 454,800 shares of the semiconductor company’s stock worth $230,306,000 after purchasing an additional 3,200 shares during the period. Parnassus Investments LLC bought a new stake in shares of Synopsys in the 3rd quarter valued at $633,469,000. Finally, Harvest Portfolios Group Inc. increased its position in shares of Synopsys by 3.7% during the third quarter. Harvest Portfolios Group Inc. now owns 42,121 shares of the semiconductor company’s stock worth $21,330,000 after buying an additional 1,496 shares during the period. 85.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and issued a $635.00 target price on shares of Synopsys in a report on Wednesday, December 4th. Needham & Company LLC restated a “buy” rating and set a $640.00 target price on shares of Synopsys in a research report on Thursday, December 5th. Mizuho began coverage on Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 target price for the company. Piper Sandler cut 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. Finally, Wells Fargo & Company began coverage on shares of Synopsys in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $570.00 price objective for the company. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $649.00.

Synopsys Price Performance

Shares of NASDAQ SNPS opened at $492.54 on Friday. The company has a 50-day moving average price of $523.58 and a 200-day moving average price of $529.41. The stock has a market capitalization of $76.14 billion, a P/E ratio of 33.92, a P/E/G ratio of 3.41 and a beta of 1.12. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38.

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.