V Square Quantitative Management LLC Has $1.46 Million Position in Synopsys, Inc. (NASDAQ:SNPS)

V Square Quantitative Management LLC lowered its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,002 shares of the semiconductor company’s stock after selling 28 shares during the quarter. V Square Quantitative Management LLC’s holdings in Synopsys were worth $1,457,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Kieckhefer Group LLC acquired a new position in Synopsys during the fourth quarter worth $27,000. 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 valued at $28,000 after buying an additional 24 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of Synopsys by 40.0% in the third 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 in the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Synopsys in the third quarter valued at $44,000. Finally, nVerses Capital LLC acquired a new stake in shares of Synopsys in the third quarter valued at $51,000. 85.47% of the stock is owned by institutional investors.

Synopsys Price Performance

Shares of SNPS opened at $528.29 on Friday. The firm has a market cap of $81.66 billion, a PE ratio of 36.38, a PEG ratio of 3.49 and a beta of 1.12. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38. The stock’s fifty day moving average price is $510.41 and its two-hundred day moving average price is $518.16.

Analysts Set New Price Targets

Several research firms recently issued reports on SNPS. Mizuho initiated coverage on Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price target on the stock. Redburn Atlantic assumed coverage on Synopsys in a research report on Monday, January 13th. They set a “buy” rating and a $600.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $640.00 price objective on shares of Synopsys in a research report on Thursday, December 5th. Robert W. Baird cut their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Finally, Wells Fargo & Company cut their target price on Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $641.82.

Insider Buying and Selling

In other news, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total value of $10,544,236.38. Following the completion of the sale, the executive now owns 1,460 shares of the company’s stock, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.66% of the stock is owned by company 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.