Synopsys, Inc. (NASDAQ:SNPS) Stock Holdings Increased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 33.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,501 shares of the semiconductor company’s stock after purchasing an additional 3,131 shares during the period. Tower Research Capital LLC TRC’s holdings in Synopsys were worth $6,067,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Seaview Investment Managers LLC purchased a new position in Synopsys in the 4th quarter worth about $222,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Synopsys by 516.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 154 shares of the semiconductor company’s stock worth $75,000 after buying an additional 129 shares during the period. Mirabella Financial Services LLP acquired a new stake in shares of Synopsys during the fourth quarter valued at approximately $9,767,000. Natixis boosted its stake in Synopsys by 148.3% in the 4th quarter. Natixis now owns 10,587 shares of the semiconductor company’s stock worth $5,139,000 after purchasing an additional 6,323 shares during the period. Finally, MetLife Investment Management LLC grew its position in Synopsys by 1.3% during the 4th quarter. MetLife Investment Management LLC now owns 47,345 shares of the semiconductor company’s stock worth $22,979,000 after purchasing an additional 591 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Synopsys

In other Synopsys news, insider Geus Aart De sold 15,705 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the completion of the sale, the insider now owns 116,671 shares of the company’s stock, valued at $51,850,925.82. This represents a 11.86 % 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, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $463.75, for a total transaction of $5,270,982.50. Following the completion of the transaction, the chief executive officer now directly owns 70,922 shares in the company, valued at approximately $32,890,077.50. This represents a 13.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Synopsys Trading Down 0.6 %

Synopsys stock opened at $413.32 on Monday. The company has a market capitalization of $63.91 billion, a P/E ratio of 28.47, a P/E/G ratio of 3.23 and a beta of 1.23. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $624.80. The firm’s fifty day simple moving average is $446.35 and its 200-day simple moving average is $495.09.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SNPS. Mizuho decreased their target price on Synopsys from $650.00 to $600.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Piper Sandler decreased their price objective on Synopsys from $655.00 to $653.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Needham & Company LLC reiterated a “buy” rating and issued a $650.00 target price on shares of Synopsys in a report on Thursday, February 27th. Bank of America reduced their price target on shares of Synopsys from $630.00 to $560.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Finally, Redburn Atlantic started coverage on shares of Synopsys in a research report on Monday, January 13th. They set a “buy” rating and a $600.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $618.31.

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.