Artemis Investment Management LLP Boosts Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Artemis Investment Management LLP grew its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 4.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,878 shares of the semiconductor company’s stock after buying an additional 1,081 shares during the period. Artemis Investment Management LLP’s holdings in Synopsys were worth $12,075,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of SNPS. Bridges Investment Management Inc. purchased a new stake in shares of Synopsys in the second quarter valued at approximately $437,000. AE Wealth Management LLC lifted its holdings in Synopsys by 4.8% in the second quarter. AE Wealth Management LLC now owns 3,678 shares of the semiconductor company’s stock valued at $2,189,000 after acquiring an additional 169 shares during the period. Pacer Advisors Inc. boosted its position in shares of Synopsys by 1.7% during the 2nd quarter. Pacer Advisors Inc. now owns 20,614 shares of the semiconductor company’s stock worth $12,267,000 after purchasing an additional 338 shares in the last quarter. Summit Trail Advisors LLC boosted its position in shares of Synopsys by 37.8% during the 2nd quarter. Summit Trail Advisors LLC now owns 1,061 shares of the semiconductor company’s stock worth $631,000 after purchasing an additional 291 shares in the last quarter. Finally, Kowal Investment Group LLC grew its stake in shares of Synopsys by 15.8% during the 2nd quarter. Kowal Investment Group LLC now owns 673 shares of the semiconductor company’s stock worth $400,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Robert W. Baird decreased their price objective on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Needham & Company LLC restated a “buy” rating and issued a $640.00 price target on shares of Synopsys in a report on Thursday, December 5th. Berenberg Bank assumed coverage on Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 price objective for the company. Redburn Atlantic initiated coverage on Synopsys in a research report on Monday, January 13th. They set a “buy” rating and a $600.00 target price on the stock. Finally, Rosenblatt Securities restated a “buy” rating and issued a $635.00 price target on shares of Synopsys in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $641.82.

Synopsys Trading Up 2.1 %

NASDAQ:SNPS opened at $526.70 on Monday. The firm has a market cap of $81.42 billion, a price-to-earnings ratio of 36.27, a price-to-earnings-growth ratio of 3.22 and a beta of 1.12. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38. The company’s 50-day moving average is $519.43 and its two-hundred day moving average is $525.54.

Insider Activity at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction that occurred on 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 completion of the sale, the executive now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.66% of the company’s stock.

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.