E. Ohman J or Asset Management AB Increases Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

E. Ohman J or Asset Management AB raised its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 15.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,930 shares of the semiconductor company’s stock after acquiring an additional 920 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Synopsys were worth $3,364,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacifica Partners Inc. bought a new position in Synopsys during the third quarter valued at approximately $25,000. Kieckhefer Group LLC purchased a new stake in Synopsys during the 4th quarter valued at $27,000. Tsfg LLC raised its stake in Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 24 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of Synopsys by 40.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 20 shares during the period. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Synopsys in the 3rd quarter worth $44,000. Institutional investors own 85.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SNPS shares. Robert W. Baird lowered their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Redburn Atlantic initiated coverage on shares of Synopsys in a research note on Monday, January 13th. They issued a “buy” rating and a $600.00 price objective on the stock. Berenberg Bank assumed coverage on shares of Synopsys in a research report on Tuesday, October 15th. They set a “buy” rating and a $660.00 target price for the company. Piper Sandler reduced their target price on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Finally, Loop Capital initiated coverage on shares of Synopsys in a research note on Monday, November 11th. They set a “buy” rating and a $675.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $641.82.

Insider Buying and Selling

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the completion of the transaction, the executive now owns 1,460 shares of the company’s stock, valued at $738,774.60. This represents a 93.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is owned by insiders.

Synopsys Stock Down 1.0 %

NASDAQ:SNPS opened at $520.25 on Tuesday. The stock has a market cap of $80.42 billion, a PE ratio of 35.83, a P/E/G ratio of 3.44 and a beta of 1.12. The business’s 50-day simple moving average is $516.26 and its two-hundred day simple moving average is $519.95. Synopsys, Inc. has a 52 week low of $457.52 and a 52 week high of $629.38.

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.