Klingenstein Fields & Co. LP Has $10.45 Million Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Klingenstein Fields & Co. LP increased its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,527 shares of the semiconductor company’s stock after acquiring an additional 108 shares during the quarter. Klingenstein Fields & Co. LP’s holdings in Synopsys were worth $10,448,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Kieckhefer Group LLC bought a new position in Synopsys during the fourth quarter worth about $27,000. Tsfg LLC boosted its holdings in Synopsys by 75.0% during 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 last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of Synopsys by 40.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 20 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in shares of Synopsys during the 3rd quarter valued at about $44,000. Finally, nVerses Capital LLC bought a new position in shares of Synopsys during the 3rd quarter valued at about $51,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analyst Ratings Changes

SNPS has been the topic of several recent analyst reports. Wells Fargo & Company cut their price objective 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 restated a “buy” rating and issued a $635.00 target price on shares of Synopsys in a research note on Wednesday, December 4th. 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. Loop Capital initiated coverage on Synopsys in a research note on Monday, November 11th. They issued a “buy” rating and a $675.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $640.00 price target on shares of Synopsys in a research report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $641.82.

Synopsys Trading Up 3.6 %

SNPS stock opened at $528.29 on Friday. The firm has a market capitalization 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 business’s 50 day simple moving average is $510.41 and its 200 day simple moving average is $518.16.

Insider Buying and Selling

In related news, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction on 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 directly owns 1,460 shares in the company, valued at $738,774.60. The trade was a 93.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.66% of the stock is owned by 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.