Synopsys, Inc. (NASDAQ:SNPS) Shares Purchased by Vident Advisory LLC

Vident Advisory LLC increased its stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 56.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,194 shares of the semiconductor company's stock after buying an additional 12,004 shares during the quarter. Vident Advisory LLC's holdings in Synopsys were worth $16,111,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Whipplewood Advisors LLC bought a new stake in Synopsys in the fourth quarter worth $33,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Synopsys during the fourth quarter worth $34,000. Sierra Ocean LLC bought a new stake in shares of Synopsys during the fourth quarter worth $39,000. Hazlett Burt & Watson Inc. lifted its position in shares of Synopsys by 28.6% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 20 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Synopsys by 50.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 98 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 33 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SNPS has been the subject of several research analyst reports. 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. Wells Fargo & Company decreased their target price on Synopsys from $540.00 to $520.00 and set an "equal weight" rating for the company in a research report on Thursday, February 27th. Piper Sandler decreased their target price on Synopsys from $655.00 to $653.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. KeyCorp lifted their price objective on Synopsys from $555.00 to $575.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Bank of America decreased their price objective on Synopsys from $630.00 to $560.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Synopsys has an average rating of "Moderate Buy" and an average price target of $614.86.

Insider Buying and Selling at Synopsys

In other news, CEO Sassine Ghazi sold 11,366 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $463.75, for a total transaction of $5,270,982.50. Following the completion of the sale, the chief executive officer now owns 70,922 shares in the company, valued at approximately $32,890,077.50. This represents a 13.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Geus Aart De sold 15,705 shares of Synopsys stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $444.42, for a total value of $6,979,616.10. Following the transaction, the insider now owns 116,671 shares of the company's stock, 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 Stock Up 0.4%

Shares of Synopsys stock traded up $2.02 on Thursday, reaching $503.48. The stock had a trading volume of 774,882 shares, compared to its average volume of 1,108,028. The stock has a market capitalization of $77.85 billion, a P/E ratio of 34.67, a P/E/G ratio of 3.23 and a beta of 1.16. The company has a 50 day moving average price of $448.95 and a 200 day moving average price of $489.21. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $624.80.

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.