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

Jump Financial LLC bought a new stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 933 shares of the semiconductor company's stock, valued at approximately $453,000.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in Synopsys during the 4th quarter valued at about $583,608,000. Raymond James Financial Inc. bought a new position in Synopsys during the 4th quarter valued at about $199,065,000. Proficio Capital Partners LLC lifted its holdings in Synopsys by 71,578.5% during the 4th quarter. Proficio Capital Partners LLC now owns 386,347 shares of the semiconductor company's stock valued at $187,517,000 after purchasing an additional 385,808 shares during the last quarter. Alecta Tjanstepension Omsesidigt bought a new position in Synopsys during the 4th quarter valued at about $104,741,000. Finally, American Century Companies Inc. lifted its holdings in Synopsys by 38.7% during the 4th quarter. American Century Companies Inc. now owns 571,474 shares of the semiconductor company's stock valued at $277,371,000 after purchasing an additional 159,344 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Needham & Company LLC reissued a "buy" rating and set a $650.00 price target on shares of Synopsys in a report on Thursday, February 27th. Piper Sandler cut their price target on shares of Synopsys from $655.00 to $653.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Wells Fargo & Company cut their price target on shares of Synopsys from $540.00 to $520.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. Stifel Nicolaus set a $550.00 target price on shares of Synopsys in a research note on Monday. Finally, Mizuho dropped their target price on shares of Synopsys from $650.00 to $600.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $613.43.

Synopsys Trading Down 0.4 %

Shares of SNPS traded down $1.76 on Wednesday, reaching $459.01. 1,338,134 shares of the company's stock were exchanged, compared to its average volume of 1,093,475. The stock has a market capitalization of $70.97 billion, a P/E ratio of 31.61, a price-to-earnings-growth ratio of 3.23 and a beta of 1.23. The business has a 50 day moving average price of $434.54 and a two-hundred day moving average price of $490.84. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $624.80.

Insider Buying and Selling

In related news, insider Geus Aart De sold 15,705 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the completion of the transaction, the insider now owns 116,671 shares in the company, valued at approximately $51,850,925.82. The trade was a 11.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the business's 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 transaction, the chief executive officer now owns 70,922 shares of the company's stock, 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. 0.62% of the stock is currently owned by insiders.

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.