Andina Capital Management LLC Has $245,000 Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Andina Capital Management LLC trimmed its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 27.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 505 shares of the semiconductor company’s stock after selling 188 shares during the period. Andina Capital Management LLC’s holdings in Synopsys were worth $245,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SNPS. Pacifica Partners Inc. bought a new position in shares of Synopsys in the third quarter valued at about $25,000. Kieckhefer Group LLC bought a new position in shares of Synopsys in the fourth quarter worth about $27,000. Tsfg LLC lifted its position in shares of Synopsys by 75.0% during the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 24 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in shares of Synopsys by 40.0% during the third 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 during the last quarter. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Synopsys in the third quarter valued at approximately $44,000. Institutional investors own 85.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on SNPS shares. Needham & Company LLC reiterated a “buy” rating and issued a $640.00 price objective on shares of Synopsys in a research report on Thursday, December 5th. Redburn Atlantic assumed coverage on Synopsys in a research report on Monday, January 13th. They issued a “buy” rating and a $600.00 price objective for the company. Rosenblatt Securities restated a “buy” rating and set a $635.00 target price on shares of Synopsys in a research report on Wednesday, December 4th. Robert W. Baird lowered their price target on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Finally, Berenberg Bank assumed coverage on shares of Synopsys in a report on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $641.82.

Synopsys Trading Down 1.0 %

SNPS stock opened at $546.19 on Friday. Synopsys, Inc. has a 1-year low of $457.52 and a 1-year high of $629.38. The firm has a market cap of $84.43 billion, a PE ratio of 37.62, a P/E/G ratio of 3.57 and a beta of 1.12. The business’s 50-day moving average price is $518.68 and its two-hundred day moving average price is $524.17.

Insider Activity

In other news, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the completion of the sale, the executive now owns 1,460 shares of the company’s stock, valued at $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.66% of the stock is currently owned by company insiders.

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.