Brown Financial Advisors Invests $756,000 in Synopsys, Inc. (NASDAQ:SNPS)

Brown Financial Advisors acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS) during the 4th quarter, Holdings Channel.com reports. The firm acquired 1,558 shares of the semiconductor company’s stock, valued at approximately $756,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kieckhefer Group LLC acquired a new position in Synopsys in the 4th quarter valued at about $27,000. Hazlett Burt & Watson Inc. boosted its stake in shares of Synopsys by 40.0% in the third 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 during the period. Sierra Ocean LLC purchased a new position in shares of Synopsys in the fourth quarter valued at approximately $39,000. Princeton Global Asset Management LLC acquired a new position in shares of Synopsys in the third quarter valued at approximately $44,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Synopsys during the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Loop Capital began coverage on shares of Synopsys in a research report on Monday, November 11th. They issued a “buy” rating and a $675.00 price target for the company. Redburn Atlantic started coverage on Synopsys in a research note on Monday, January 13th. They set a “buy” rating and a $600.00 target price for the company. Wells Fargo & Company reduced their price target on Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Piper Sandler cut their target price on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $635.00 target price on shares of Synopsys in a report on Wednesday, December 4th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $637.50.

Insider Transactions at Synopsys

In other news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction dated 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 sale, the executive now owns 1,460 shares of the company’s stock, valued at $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. The sale 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.

Synopsys Price Performance

SNPS stock opened at $470.08 on Tuesday. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $624.80. The company has a market cap of $72.66 billion, a price-to-earnings ratio of 32.37, a price-to-earnings-growth ratio of 3.23 and a beta of 1.12. The company has a fifty day moving average price of $509.17 and a 200 day moving average price of $517.36.

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.