Synopsys, Inc. (NASDAQ:SNPS) Shares Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC raised its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 90,165 shares of the semiconductor company’s stock after purchasing an additional 524 shares during the quarter. Synopsys accounts for 1.0% of Curi RMB Capital LLC’s portfolio, making the stock its 21st largest position. Curi RMB Capital LLC’s holdings in Synopsys were worth $43,762,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SNPS. Kieckhefer Group LLC acquired a new position in Synopsys during the fourth quarter worth $27,000. Whipplewood Advisors LLC acquired a new position in Synopsys in the 4th quarter valued at $33,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Synopsys during the 4th quarter worth $34,000. Sierra Ocean LLC acquired a new stake in shares of Synopsys in the fourth quarter valued at about $39,000. Finally, Hazlett Burt & Watson Inc. boosted its position in Synopsys by 28.6% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 20 shares during the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Synopsys

In other news, insider Geus Aart De sold 15,705 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the transaction, the insider now directly owns 116,671 shares of the company’s stock, valued at approximately $51,850,925.82. The trade was a 11.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $463.75, for a total value of $5,270,982.50. Following the sale, the chief executive officer now directly owns 70,922 shares in the company, valued at approximately $32,890,077.50. The trade was a 13.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

Synopsys Stock Performance

SNPS stock opened at $413.32 on Friday. The stock has a market capitalization of $63.91 billion, a P/E ratio of 28.47, a PEG ratio of 3.23 and a beta of 1.23. Synopsys, Inc. has a one year low of $365.74 and a one year high of $624.80. The company has a 50 day moving average price of $446.35 and a two-hundred day moving average price of $495.11.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SNPS. Mizuho lowered their target price on Synopsys from $650.00 to $600.00 and set an “outperform” rating on the stock in a report on Tuesday. Wells Fargo & Company cut their target price on Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $650.00 target price on shares of Synopsys in a research note on Thursday, February 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $660.00 price objective on shares of Synopsys in a research note on Tuesday, February 25th. Finally, Redburn Atlantic started coverage on Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 price objective on the stock. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Synopsys currently has an average rating of “Moderate Buy” and an average target price of $618.31.

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.