Avestar Capital LLC Acquires 372 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Avestar Capital LLC lifted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 24.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,924 shares of the semiconductor company’s stock after purchasing an additional 372 shares during the period. Avestar Capital LLC’s holdings in Synopsys were worth $934,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. PFG Advisors lifted its position in Synopsys by 4.7% in the third quarter. PFG Advisors now owns 4,986 shares of the semiconductor company’s stock valued at $2,525,000 after purchasing an additional 224 shares during the last quarter. Tsfg LLC increased its stake in shares of Synopsys by 75.0% in the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after buying an additional 24 shares during the period. Wolff Wiese Magana LLC raised its holdings in Synopsys by 2.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,107 shares of the semiconductor company’s stock valued at $561,000 after buying an additional 25 shares during the last quarter. Rheos Capital Works Inc. bought a new stake in Synopsys during the 3rd quarter valued at $20,256,000. Finally, Tamar Securities LLC boosted its position in Synopsys by 28.7% during the 3rd quarter. Tamar Securities LLC now owns 44,223 shares of the semiconductor company’s stock valued at $22,394,000 after buying an additional 9,870 shares during the period. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Synopsys Stock Up 3.6 %

NASDAQ SNPS opened at $528.29 on Friday. The firm has a market capitalization of $81.66 billion, a PE ratio of 36.38, a P/E/G ratio of 3.49 and a beta of 1.12. The stock’s 50 day moving average is $510.41 and its 200 day moving average is $518.16. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38.

Wall Street Analyst Weigh In

SNPS has been the topic of a number of analyst reports. Piper Sandler decreased their price objective on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Wells Fargo & Company reduced their price target on Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a report on Wednesday, December 4th. Loop Capital initiated coverage on Synopsys in a research report on Monday, November 11th. They issued a “buy” rating and a $675.00 price objective on the stock. Finally, Redburn Atlantic began coverage on Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 target price for the company. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Synopsys has an average rating of “Moderate Buy” and an average price target of $641.82.

Insider Buying and Selling at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total value of $10,544,236.38. Following the sale, the executive now owns 1,460 shares in the company, valued at approximately $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.66% of the company’s stock.

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.