MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 6.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 180,618 shares of the semiconductor company's stock after purchasing an additional 10,362 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.12% of Synopsys worth $87,666,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Kieckhefer Group LLC purchased a new stake in shares of Synopsys during the 4th quarter worth $27,000. Whipplewood Advisors LLC purchased a new stake in Synopsys in the fourth quarter valued at $33,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Synopsys in the fourth quarter valued at $34,000. Sierra Ocean LLC purchased a new stake in Synopsys in the fourth quarter valued at $39,000. Finally, Hazlett Burt & Watson Inc. lifted its position in Synopsys by 28.6% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company's stock valued at $44,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company's stock.

Synopsys Trading Down 0.0%

Shares of Synopsys stock traded down $0.05 on Friday, reaching $514.43. 946,601 shares of the stock were exchanged, compared to its average volume of 1,107,910. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $624.80. The business has a fifty day moving average price of $444.44 and a two-hundred day moving average price of $489.13. The firm has a market capitalization of $79.54 billion, a PE ratio of 35.43, a PEG ratio of 3.23 and a beta of 1.16.

Insider Transactions at Synopsys

In other Synopsys news, insider Geus Aart De sold 15,705 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 116,671 shares in the company, valued at approximately $51,850,925.82. This represents a 11.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 70,922 shares in the company, valued at $32,890,077.50. The trade was a 13.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.62% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SNPS. KeyCorp reduced their price target on shares of Synopsys from $690.00 to $555.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Needham & Company LLC reissued a "buy" rating and issued a $650.00 price target on shares of Synopsys in a research report on Thursday, February 27th. Piper Sandler reduced their price target on shares of Synopsys from $655.00 to $653.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Rosenblatt Securities restated a "buy" rating and issued a $660.00 price objective on shares of Synopsys in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company dropped their price objective on shares of Synopsys from $540.00 to $520.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Synopsys has an average rating of "Moderate Buy" and an average target price of $613.43.

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.