Curi RMB Capital LLC Increases Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Curi RMB Capital LLC raised its position in Synopsys, Inc. (NASDAQ:SNPS) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 90,165 shares of the semiconductor company’s stock after buying an additional 524 shares during the period. Synopsys accounts for 1.0% of Curi RMB Capital LLC’s investment portfolio, making the stock its 21st biggest holding. Curi RMB Capital LLC owned 0.06% of Synopsys worth $43,762,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Kieckhefer Group LLC bought a new stake in shares of Synopsys during the 4th quarter valued at about $27,000. Whipplewood Advisors LLC purchased a new stake in Synopsys during the fourth quarter valued at about $33,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Synopsys in the 4th quarter worth about $34,000. Sierra Ocean LLC purchased a new position in shares of Synopsys during the 4th quarter valued at about $39,000. Finally, Hazlett Burt & Watson Inc. grew its position in Synopsys by 28.6% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 20 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on SNPS. Mizuho lowered their target price on Synopsys from $650.00 to $600.00 and set an “outperform” rating for the company in a research note on Tuesday. KeyCorp decreased their price objective on shares of Synopsys from $690.00 to $555.00 and set an “overweight” rating for the company in a report on Tuesday. Morgan Stanley decreased their price objective on Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Piper Sandler reduced their target price on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Finally, Wells Fargo & Company decreased their target price on shares of Synopsys from $540.00 to $520.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Synopsys has an average rating of “Moderate Buy” and an average target price of $618.31.

Synopsys Stock Down 0.6 %

SNPS stock opened at $413.32 on Friday. The firm has a market capitalization of $63.91 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 3.23 and a beta of 1.23. Synopsys, Inc. has a 52 week low of $365.74 and a 52 week high of $624.80. The company has a fifty day simple moving average of $446.35 and a two-hundred day simple moving average of $495.11.

Insiders Place Their Bets

In related news, CEO Sassine Ghazi sold 11,366 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $463.75, for a total value of $5,270,982.50. Following the transaction, the chief executive officer now owns 70,922 shares of the company’s stock, valued at $32,890,077.50. This represents a 13.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Geus Aart De sold 15,705 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total value of $6,979,616.10. Following the transaction, the insider now directly owns 116,671 shares in the company, valued at $51,850,925.82. The trade was a 11.86 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

Synopsys Company 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.