Analog Century Management LP Acquires 18,748 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Analog Century Management LP grew its stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 12.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,809 shares of the semiconductor company's stock after buying an additional 18,748 shares during the quarter. Synopsys accounts for about 5.3% of Analog Century Management LP's investment portfolio, making the stock its 6th biggest holding. Analog Century Management LP owned about 0.11% of Synopsys worth $79,992,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SNPS. Kieckhefer Group LLC acquired a new position in Synopsys during the fourth quarter worth approximately $27,000. Whipplewood Advisors LLC acquired a new position in Synopsys during the fourth quarter worth approximately $33,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Synopsys during the fourth quarter worth approximately $34,000. Sierra Ocean LLC acquired a new position in Synopsys during the fourth quarter worth approximately $39,000. Finally, Hazlett Burt & Watson Inc. increased its position in 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 buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company's stock.

Insider Activity at Synopsys

In related news, insider Geus Aart De sold 15,705 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total value of $6,979,616.10. Following the completion of the sale, the insider now directly owns 116,671 shares in the company, valued at $51,850,925.82. This represents a 11.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $463.75, for a total value of $5,270,982.50. Following the completion of the sale, the chief executive officer now owns 70,922 shares of the company's stock, 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. 0.62% of the stock is currently owned by company insiders.

Synopsys Stock Performance

Shares of SNPS traded up $9.21 during trading hours on Tuesday, reaching $453.18. The stock had a trading volume of 567,664 shares, compared to its average volume of 1,086,085. The stock has a market capitalization of $70.07 billion, a PE ratio of 31.23, a PEG ratio of 3.23 and a beta of 1.23. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $624.80. The company's 50-day moving average is $435.52 and its two-hundred day moving average is $491.27.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SNPS shares. Mizuho lowered their price target on Synopsys from $650.00 to $600.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. KeyCorp decreased their target price on Synopsys from $690.00 to $555.00 and set an "overweight" rating on the stock 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 on the stock in a research report on Thursday, February 27th. Morgan Stanley decreased their target price on Synopsys from $625.00 to $590.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Finally, Stifel Nicolaus set a $550.00 target price on Synopsys in a research report on Monday. One investment 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $613.43.

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.