Pine Valley Investments Ltd Liability Co Buys 1,129 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Pine Valley Investments Ltd Liability Co grew its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 155.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,856 shares of the semiconductor company’s stock after buying an additional 1,129 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Synopsys were worth $901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp grew its holdings in shares of Synopsys by 1.7% in the third quarter. State Street Corp now owns 6,948,473 shares of the semiconductor company’s stock valued at $3,518,637,000 after purchasing an additional 119,057 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Synopsys by 1.9% in the third quarter. Geode Capital Management LLC now owns 3,281,867 shares of the semiconductor company’s stock valued at $1,656,005,000 after purchasing an additional 61,799 shares in the last quarter. Edgewood Management LLC grew its holdings in shares of Synopsys by 18.9% in the third quarter. Edgewood Management LLC now owns 3,069,848 shares of the semiconductor company’s stock valued at $1,554,540,000 after purchasing an additional 487,025 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Synopsys by 26.5% in the third quarter. Van ECK Associates Corp now owns 1,605,001 shares of the semiconductor company’s stock valued at $791,923,000 after purchasing an additional 335,993 shares in the last quarter. Finally, Parnassus Investments LLC purchased a new position in shares of Synopsys in the third quarter valued at $633,469,000. Institutional investors own 85.47% of the company’s stock.

Insider Transactions at Synopsys

In other news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the completion of the sale, the executive now directly owns 1,460 shares in the company, valued at approximately $738,774.60. This trade represents a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

SNPS has been the subject of a number of recent research reports. Rosenblatt Securities reissued a “buy” rating and issued a $660.00 target price on shares of Synopsys in a report on Tuesday. Robert W. Baird cut their target price on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and issued a $640.00 target price on shares of Synopsys in a report on Thursday, December 5th. Loop Capital initiated coverage on shares of Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 target price for the company. Finally, Morgan Stanley dropped their price objective on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a research note on Monday. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Synopsys has an average rating of “Moderate Buy” and an average target price of $639.58.

Synopsys Trading Down 2.6 %

NASDAQ:SNPS opened at $457.95 on Wednesday. Synopsys, Inc. has a twelve month low of $457.00 and a twelve month high of $624.80. The company has a market cap of $70.79 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 3.23 and a beta of 1.12. The stock has a fifty day simple moving average of $508.09 and a 200-day simple moving average of $516.89.

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.