Townsquare Capital LLC Buys 508 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Townsquare Capital LLC increased its stake in Synopsys, Inc. (NASDAQ:SNPS) by 9.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,700 shares of the semiconductor company’s stock after purchasing an additional 508 shares during the period. Townsquare Capital LLC’s holdings in Synopsys were worth $2,886,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Andina Capital Management LLC increased its holdings in Synopsys by 2.8% in the 2nd quarter. Andina Capital Management LLC now owns 664 shares of the semiconductor company’s stock valued at $395,000 after buying an additional 18 shares during the period. Cascade Financial Partners LLC increased its stake in Synopsys by 4.9% in the second quarter. Cascade Financial Partners LLC now owns 389 shares of the semiconductor company’s stock valued at $232,000 after acquiring an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in Synopsys by 40.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 20 shares in the last quarter. Hilltop National Bank lifted its stake in Synopsys by 6.0% during the second quarter. Hilltop National Bank now owns 370 shares of the semiconductor company’s stock worth $220,000 after purchasing an additional 21 shares during the last quarter. Finally, Green Alpha Advisors LLC boosted its holdings in shares of Synopsys by 1.7% in the 3rd quarter. Green Alpha Advisors LLC now owns 1,294 shares of the semiconductor company’s stock valued at $655,000 after purchasing an additional 22 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Stock Up 2.0 %

Shares of NASDAQ:SNPS opened at $558.49 on Friday. The firm has a market cap of $85.79 billion, a P/E ratio of 57.93, a P/E/G ratio of 3.34 and a beta of 1.08. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38. The business has a fifty day simple moving average of $525.83 and a 200 day simple moving average of $545.63.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wells Fargo & Company began coverage on Synopsys in a report on Friday, November 22nd. They set an “equal weight” rating and a $570.00 price target for the company. JPMorgan Chase & Co. increased their target price on shares of Synopsys from $655.00 to $685.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Needham & Company LLC reiterated a “buy” rating and set a $640.00 price objective on shares of Synopsys in a research report on Tuesday, October 22nd. Loop Capital began coverage on shares of Synopsys in a research report on Monday, November 11th. They issued a “buy” rating and a $675.00 target price on the stock. Finally, Mizuho started coverage on shares of Synopsys in a report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price target for the company. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $653.80.

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.