B. Riley Wealth Advisors Inc. Has $434,000 Position in Synopsys, Inc. (NASDAQ:SNPS)

B. Riley Wealth Advisors Inc. lifted its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 27.5% during the 3rd quarter, Holdings Channel reports. The firm owned 863 shares of the semiconductor company’s stock after purchasing an additional 186 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Synopsys were worth $434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its position in shares of Synopsys by 14.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 17,626 shares of the semiconductor company’s stock valued at $10,489,000 after buying an additional 2,213 shares during the last quarter. &PARTNERS lifted its holdings in Synopsys by 62.0% during the 2nd quarter. &PARTNERS now owns 1,238 shares of the semiconductor company’s stock valued at $737,000 after purchasing an additional 474 shares during the last quarter. Premier Path Wealth Partners LLC boosted its position in Synopsys by 25.9% during the second quarter. Premier Path Wealth Partners LLC now owns 816 shares of the semiconductor company’s stock worth $486,000 after purchasing an additional 168 shares during the period. Quotient Wealth Partners LLC increased its holdings in shares of Synopsys by 5.4% in the second quarter. Quotient Wealth Partners LLC now owns 447 shares of the semiconductor company’s stock valued at $266,000 after purchasing an additional 23 shares during the last quarter. Finally, Field & Main Bank raised its position in shares of Synopsys by 958.0% in the second quarter. Field & Main Bank now owns 1,058 shares of the semiconductor company’s stock valued at $630,000 after purchasing an additional 958 shares during the period. 85.47% of the stock is owned by institutional investors.

Synopsys Stock Down 0.2 %

SNPS stock opened at $493.35 on Friday. Synopsys, Inc. has a 52 week low of $457.52 and a 52 week high of $629.38. The business has a 50-day simple moving average of $529.92 and a 200 day simple moving average of $540.69. The company has a market cap of $75.79 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 3.41 and a beta of 1.08.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SNPS shares. Piper Sandler reduced their target price on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Mizuho started coverage on Synopsys in a report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price objective for the company. JPMorgan Chase & Co. increased their target price on Synopsys from $655.00 to $685.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Wells Fargo & Company initiated coverage on Synopsys in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $570.00 price target for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $635.00 price objective on shares of Synopsys in a research report on Wednesday, December 4th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $649.00.

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.