Forza Wealth Management LLC Has $379,000 Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Forza Wealth Management LLC reduced its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 9.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 780 shares of the semiconductor company’s stock after selling 80 shares during the period. Forza Wealth Management LLC’s holdings in Synopsys were worth $379,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SNPS. Davidson Capital Management Inc. lifted its holdings in Synopsys by 33,828.6% during the 3rd quarter. Davidson Capital Management Inc. now owns 4,750 shares of the semiconductor company’s stock worth $2,405,000 after buying an additional 4,736 shares in the last quarter. Peloton Wealth Strategists lifted its holdings in Synopsys by 221.2% in the third quarter. Peloton Wealth Strategists now owns 2,881 shares of the semiconductor company’s stock valued at $1,459,000 after buying an additional 1,984 shares during the period. Swiss National Bank grew its holdings in Synopsys by 0.7% during the 3rd quarter. Swiss National Bank now owns 454,800 shares of the semiconductor company’s stock worth $230,306,000 after acquiring an additional 3,200 shares during the period. Parnassus Investments LLC bought a new stake in shares of Synopsys during the 3rd quarter valued at $633,469,000. Finally, Harvest Portfolios Group Inc. grew its stake in shares of Synopsys by 3.7% during the third quarter. Harvest Portfolios Group Inc. now owns 42,121 shares of the semiconductor company’s stock worth $21,330,000 after purchasing an additional 1,496 shares during the period. 85.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on SNPS. Berenberg Bank assumed coverage on Synopsys in a research report on Tuesday, October 15th. They set 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 report on Wednesday, December 4th. Robert W. Baird dropped their price target on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and set a $640.00 price objective on shares of Synopsys in a research report on Thursday, December 5th. Finally, Piper Sandler lowered their target price on Synopsys from $670.00 to $655.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $641.82.

Synopsys Stock Performance

Shares of NASDAQ:SNPS traded down $4.38 during midday trading on Monday, hitting $488.16. 454,513 shares of the stock were exchanged, compared to its average volume of 953,107. The stock has a market capitalization of $75.46 billion, a price-to-earnings ratio of 33.62, a P/E/G ratio of 3.41 and a beta of 1.12. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38. The business’s 50-day moving average price is $523.58 and its 200 day moving average price is $528.92.

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.