Nwam LLC Takes Position in Synopsys, Inc. (NASDAQ:SNPS)

Nwam LLC bought a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 398 shares of the semiconductor company’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. ORG Partners LLC lifted its holdings in Synopsys by 600.0% in the 2nd quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock worth $25,000 after buying an additional 36 shares in the last quarter. Pacifica Partners Inc. purchased a new position in Synopsys in the third quarter valued at about $25,000. Tsfg LLC grew its stake in Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 24 shares in the last quarter. Chris Bulman Inc purchased a new stake in Synopsys during the 2nd quarter worth approximately $30,000. Finally, Hazlett Burt & Watson Inc. raised its position in shares of Synopsys by 40.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 20 shares in the last quarter. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Synopsys Trading Down 0.6 %

Shares of Synopsys stock opened at $561.87 on Tuesday. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38. The stock has a market capitalization of $86.31 billion, a price-to-earnings ratio of 58.29, a PEG ratio of 3.45 and a beta of 1.08. The business’s 50 day simple moving average is $522.05 and its 200-day simple moving average is $545.71.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SNPS shares. Piper Sandler decreased their price target on shares of Synopsys from $687.00 to $670.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Berenberg Bank assumed coverage on shares of Synopsys in a research report on Tuesday, October 15th. They issued a “buy” rating and a $660.00 target price for the company. Loop Capital began coverage on shares of Synopsys in a research report on Monday, November 11th. They set a “buy” rating and a $675.00 price target on the stock. Wells Fargo & Company initiated coverage on Synopsys in a report on Friday. They issued an “equal weight” rating and a $570.00 price objective for the company. Finally, Mizuho began coverage on Synopsys in a report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 target price on the stock. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Synopsys presently has a consensus rating of “Moderate Buy” and an average target price of $644.36.

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.