Nicolet Advisory Services LLC Sells 19 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Nicolet Advisory Services LLC lowered its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 482 shares of the semiconductor company’s stock after selling 19 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Synopsys were worth $239,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ascent Group LLC grew its position in Synopsys by 1.7% in the 1st quarter. Ascent Group LLC now owns 1,978 shares of the semiconductor company’s stock valued at $1,130,000 after acquiring an additional 34 shares during the last quarter. Silvercrest Asset Management Group LLC grew its stake in Synopsys by 13.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 4,080 shares of the semiconductor company’s stock worth $2,332,000 after purchasing an additional 488 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Synopsys by 39.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 1,599 shares of the semiconductor company’s stock valued at $914,000 after acquiring an additional 453 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Synopsys by 0.3% in the 1st quarter. California State Teachers Retirement System now owns 243,751 shares of the semiconductor company’s stock worth $139,304,000 after purchasing an additional 721 shares during the period. Finally, Motley Fool Asset Management LLC boosted its position in Synopsys by 14.4% during the 1st quarter. Motley Fool Asset Management LLC now owns 5,261 shares of the semiconductor company’s stock valued at $3,007,000 after acquiring an additional 663 shares in the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SNPS shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a research report on Friday, August 23rd. JPMorgan Chase & Co. increased their price objective on Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Piper Sandler lowered their price objective on Synopsys from $687.00 to $670.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Wells Fargo & Company started coverage on Synopsys in a research report on Friday. They set an “equal weight” rating and a $570.00 target price on the stock. Finally, Mizuho began coverage on Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price target for the company. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $644.36.

Synopsys Price Performance

Shares of NASDAQ:SNPS opened at $565.07 on Monday. The firm has a market capitalization of $86.80 billion, a PE ratio of 58.62, a price-to-earnings-growth ratio of 3.45 and a beta of 1.08. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38. The firm’s 50-day moving average is $520.78 and its two-hundred day moving average is $545.63.

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.