Union Bancaire Privee UBP SA Buys New Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Union Bancaire Privee UBP SA purchased a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 36,096 shares of the semiconductor company’s stock, valued at approximately $17,162,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Pacifica Partners Inc. bought a new stake in Synopsys in the third quarter valued at $25,000. Kieckhefer Group LLC bought a new position in Synopsys during the 4th quarter valued at about $27,000. Tsfg LLC boosted its position in Synopsys by 75.0% in the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 24 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in 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 during the last quarter. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Synopsys during the third quarter worth approximately $44,000. Institutional investors own 85.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SNPS. Robert W. Baird dropped their price target on Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Needham & Company LLC reiterated a “buy” rating and set a $640.00 price target on shares of Synopsys in a research report on Thursday, December 5th. Berenberg Bank began coverage on shares of Synopsys in a research note on Tuesday, October 15th. They issued a “buy” rating and a $660.00 target price for the company. Rosenblatt Securities reissued a “buy” rating and set a $635.00 price target on shares of Synopsys in a research note on Wednesday, December 4th. Finally, Loop Capital initiated coverage on Synopsys in a report on Monday, November 11th. They set a “buy” rating and a $675.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $641.82.

Synopsys Trading Down 1.0 %

NASDAQ SNPS opened at $546.19 on Monday. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38. The stock has a 50 day moving average of $518.68 and a 200-day moving average of $523.59. The company has a market cap of $84.43 billion, a PE ratio of 37.62, a PEG ratio of 3.57 and a beta of 1.12.

Insider Buying and Selling at Synopsys

In other news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys 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. Corporate insiders own 0.66% of the company’s stock.

Synopsys 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.