136 Shares in Synopsys, Inc. (NASDAQ:SNPS) Acquired by Center for Financial Planning Inc.

Center for Financial Planning Inc. purchased a new position in Synopsys, Inc. (NASDAQ:SNPS) during the 4th quarter, HoldingsChannel reports. The firm purchased 136 shares of the semiconductor company’s stock, valued at approximately $66,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. increased its position in Synopsys by 40.0% in the 3rd 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 period. Caprock Group LLC increased its position in Synopsys by 0.5% in the 4th quarter. Caprock Group LLC now owns 3,714 shares of the semiconductor company’s stock worth $1,803,000 after buying an additional 20 shares during the period. Compagnie Lombard Odier SCmA increased its position in Synopsys by 1.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,850 shares of the semiconductor company’s stock worth $898,000 after buying an additional 20 shares during the period. Aptus Capital Advisors LLC increased its position in Synopsys by 1.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 1,447 shares of the semiconductor company’s stock worth $733,000 after buying an additional 22 shares during the period. Finally, Resurgent Financial Advisors LLC increased its position in Synopsys by 2.8% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 809 shares of the semiconductor company’s stock worth $410,000 after buying an additional 22 shares during the period. 85.47% of the stock is owned by institutional investors.

Synopsys Price Performance

Shares of SNPS stock opened at $522.53 on Friday. The stock’s fifty day simple moving average is $510.67 and its 200 day simple moving average is $518.23. The firm has a market cap of $80.77 billion, a price-to-earnings ratio of 35.99, a P/E/G ratio of 3.49 and a beta of 1.12. Synopsys, Inc. has a one year low of $457.52 and a one year high of $629.38.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Redburn Atlantic assumed coverage on Synopsys in a research report on Monday, January 13th. They set a “buy” rating and a $600.00 price objective on the stock. Loop Capital assumed coverage on Synopsys in a research report on Monday, November 11th. They set a “buy” rating and a $675.00 price objective on the stock. 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. Robert W. Baird lowered their price objective on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $640.00 price objective on shares of Synopsys in a research report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $641.82.

Insider Activity at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction on 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 transaction, the executive now owns 1,460 shares of the company’s stock, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is 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.