Migdal Insurance & Financial Holdings Ltd. Decreases Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Migdal Insurance & Financial Holdings Ltd. cut its stake in Synopsys, Inc. (NASDAQ:SNPS) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 649 shares of the semiconductor company’s stock after selling 53 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Synopsys were worth $315,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SNPS. Dynamic Advisor Solutions LLC raised its holdings in Synopsys by 14.4% in the third quarter. Dynamic Advisor Solutions LLC now owns 1,897 shares of the semiconductor company’s stock valued at $961,000 after acquiring an additional 239 shares in the last quarter. Brookstone Capital Management raised its holdings in Synopsys by 25.5% in the third quarter. Brookstone Capital Management now owns 935 shares of the semiconductor company’s stock valued at $473,000 after acquiring an additional 190 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Synopsys by 49.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,314 shares of the semiconductor company’s stock valued at $2,691,000 after acquiring an additional 1,758 shares in the last quarter. Peak Financial Advisors LLC acquired a new stake in Synopsys in the third quarter valued at $3,092,000. Finally, Asio Capital LLC raised its holdings in Synopsys by 25.8% in the third quarter. Asio Capital LLC now owns 4,897 shares of the semiconductor company’s stock valued at $2,480,000 after acquiring an additional 1,005 shares in the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SNPS. Redburn Atlantic assumed coverage on shares of Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 price target on the stock. Loop Capital assumed coverage on shares of Synopsys in a report on Monday, November 11th. They set a “buy” rating and a $675.00 target price on the stock. Berenberg Bank assumed coverage on shares of Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 target price on the stock. Rosenblatt Securities reissued a “buy” rating and set a $635.00 target price on shares of Synopsys in a report on Wednesday, December 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $640.00 target price on shares of Synopsys in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Synopsys currently has an average rating of “Moderate Buy” and a consensus target price of $641.82.

Synopsys Stock Down 1.4 %

SNPS stock opened at $525.82 on Friday. Synopsys, Inc. has a fifty-two week low of $457.52 and a fifty-two week high of $629.38. The firm’s 50-day simple moving average is $514.15 and its 200 day simple moving average is $519.55. The stock has a market cap of $81.28 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 3.44 and a beta of 1.12.

Insider Buying and Selling

In related news, CRO Richard S. Mahoney sold 20,838 shares of the 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 completion of the transaction, the executive now owns 1,460 shares in the company, valued at $738,774.60. This represents a 93.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Synopsys 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.