Csenge Advisory Group Has $473,000 Stake in Synopsys, Inc. (NASDAQ:SNPS)

Csenge Advisory Group lowered its stake in Synopsys, Inc. (NASDAQ:SNPS) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 975 shares of the semiconductor company’s stock after selling 40 shares during the period. Csenge Advisory Group’s holdings in Synopsys were worth $473,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SNPS. Kieckhefer Group LLC acquired a new stake in shares of Synopsys in the 4th quarter valued at $27,000. Hazlett Burt & Watson Inc. boosted its holdings in 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 during the last quarter. Princeton Global Asset Management LLC acquired a new stake in Synopsys in the third quarter worth about $44,000. nVerses Capital LLC bought a new stake in Synopsys during the 3rd quarter worth about $51,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Synopsys during the 4th quarter valued at about $51,000. Institutional investors own 85.47% of the company’s stock.

Synopsys Trading Up 0.5 %

Shares of NASDAQ SNPS opened at $525.00 on Wednesday. The company has a fifty day moving average price of $511.06 and a 200 day moving average price of $517.59. Synopsys, Inc. has a 1-year low of $457.52 and a 1-year high of $629.38. The firm has a market cap of $81.15 billion, a PE ratio of 36.16, a PEG ratio of 3.49 and a beta of 1.12.

Insider Transactions at Synopsys

In other news, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction on 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 document filed with the SEC, which can be accessed through the SEC website. 0.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SNPS has been the subject of a number of recent research reports. Robert W. Baird dropped their price target on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Redburn Atlantic initiated coverage on Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 target price on the stock. Piper Sandler decreased their target price on Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Needham & Company LLC reiterated a “buy” rating and issued a $640.00 price target on shares of Synopsys in a research report on Thursday, December 5th. Finally, Loop Capital started coverage on shares of Synopsys in a report on Monday, November 11th. They set a “buy” rating and a $675.00 price objective for the company. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $641.82.

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.