Nomura Holdings Inc. Has $10.93 Million Position in Synopsys, Inc. (NASDAQ:SNPS)

Nomura Holdings Inc. reduced its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,516 shares of the semiconductor company's stock after selling 989 shares during the period. Nomura Holdings Inc.'s holdings in Synopsys were worth $10,928,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new position in shares of Synopsys in the 4th quarter valued at about $140,000. Accurate Wealth Management LLC boosted its stake in shares of Synopsys by 14.8% during the fourth quarter. Accurate Wealth Management LLC now owns 939 shares of the semiconductor company's stock valued at $463,000 after acquiring an additional 121 shares during the last quarter. Floyd Financial Group LLC purchased a new position in Synopsys during the fourth quarter worth approximately $647,000. CCLA Investment Management lifted its stake in shares of Synopsys by 22.1% during the fourth quarter. CCLA Investment Management now owns 285,047 shares of the semiconductor company's stock worth $138,222,000 after purchasing an additional 51,620 shares in the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in Synopsys during the 4th quarter valued at approximately $1,019,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SNPS has been the subject of several research analyst reports. Rosenblatt Securities reiterated a "buy" rating and set a $660.00 target price on shares of Synopsys in a research note on Tuesday, February 25th. Piper Sandler reduced their price objective on shares of Synopsys from $655.00 to $653.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Bank of America decreased their price objective on shares of Synopsys from $630.00 to $560.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. KeyCorp increased their price target on shares of Synopsys from $555.00 to $575.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Wells Fargo & Company dropped their price target 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. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $614.86.

Synopsys Price Performance

Shares of SNPS traded down $3.34 during midday trading on Tuesday, reaching $512.67. The stock had a trading volume of 258,309 shares, compared to its average volume of 1,103,582. The firm's 50 day moving average price is $446.11 and its 200-day moving average price is $488.94. The company has a market capitalization of $79.27 billion, a P/E ratio of 35.31, a P/E/G ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a 52 week low of $365.74 and a 52 week high of $624.80.

Insider Transactions at Synopsys

In related news, CEO Sassine Ghazi sold 11,366 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was 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 directly owns 70,922 shares in the company, valued at approximately $32,890,077.50. The trade was a 13.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Geus Aart De sold 15,705 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 116,671 shares of the company's stock, valued at approximately $51,850,925.82. This trade represents a 11.86% 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 insiders.

About Synopsys

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.