Graypoint LLC Grows Position in Synopsys, Inc. (NASDAQ:SNPS)

Graypoint LLC grew its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 2.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,100 shares of the semiconductor company’s stock after purchasing an additional 31 shares during the quarter. Graypoint LLC’s holdings in Synopsys were worth $534,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Pacifica Partners Inc. bought a new stake in Synopsys in the 3rd quarter worth about $25,000. Tsfg LLC grew its holdings in shares of Synopsys by 75.0% in the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 24 shares in the last quarter. Hazlett Burt & Watson Inc. grew its holdings 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 acquiring an additional 20 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of Synopsys during the third quarter valued at approximately $44,000. Finally, Fairscale Capital LLC bought a new stake in Synopsys during the second quarter worth $51,000. Institutional investors own 85.47% of the company’s stock.

Synopsys Price Performance

Synopsys stock opened at $492.54 on Friday. Synopsys, Inc. has a one year low of $457.52 and a one year high of $629.38. The firm has a market capitalization of $76.14 billion, a P/E ratio of 33.92, a PEG ratio of 3.41 and a beta of 1.12. The business has a fifty day moving average price of $523.58 and a 200-day moving average price of $529.41.

Analyst Ratings Changes

SNPS has been the subject of several research analyst reports. Mizuho started coverage on Synopsys in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 target price for the company. Berenberg Bank initiated coverage on shares of Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of Synopsys in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $570.00 target price on the stock. Rosenblatt Securities restated a “buy” rating and set a $635.00 price target on shares of Synopsys in a research note on Wednesday, December 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $640.00 price objective on shares of Synopsys in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $649.00.

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.