Synopsys, Inc. (NASDAQ:SNPS) Shares Bought by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. grew its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,093 shares of the semiconductor company’s stock after buying an additional 296 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Synopsys were worth $2,957,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Hazlett Burt & Watson Inc. increased its holdings in Synopsys by 40.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 20 shares during the period. Green Alpha Advisors LLC raised its holdings in Synopsys by 1.7% in the third quarter. Green Alpha Advisors LLC now owns 1,294 shares of the semiconductor company’s stock valued at $655,000 after acquiring an additional 22 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in Synopsys by 1.5% in the third quarter. Aptus Capital Advisors LLC now owns 1,447 shares of the semiconductor company’s stock valued at $733,000 after acquiring an additional 22 shares in the last quarter. Resurgent Financial Advisors LLC lifted its stake in Synopsys by 2.8% in the third quarter. Resurgent Financial Advisors LLC now owns 809 shares of the semiconductor company’s stock worth $410,000 after acquiring an additional 22 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in Synopsys by 6.1% during the 3rd quarter. Larson Financial Group LLC now owns 398 shares of the semiconductor company’s stock worth $202,000 after acquiring an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Synopsys Price Performance

Shares of Synopsys stock opened at $507.19 on Thursday. The stock has a market capitalization of $78.40 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 3.22 and a beta of 1.12. The firm’s fifty day simple moving average is $522.21 and its 200-day simple moving average is $527.43. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38.

Wall Street Analysts Forecast Growth

SNPS has been the subject of several recent analyst reports. Robert W. Baird decreased their price objective on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Mizuho assumed coverage on Synopsys in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price objective for the company. Redburn Atlantic assumed coverage on Synopsys in a report on Monday. They issued a “buy” rating and a $600.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $635.00 price target on shares of Synopsys in a report on Wednesday, December 4th. Finally, Piper Sandler cut their price objective on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $641.82.

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.