Synopsys, Inc. (NASDAQ:SNPS) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its position in Synopsys, Inc. (NASDAQ:SNPS) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,521 shares of the semiconductor company’s stock after selling 31 shares during the period. Fisher Asset Management LLC’s holdings in Synopsys were worth $6,341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SNPS. ORG Partners LLC increased its position in shares of Synopsys by 600.0% in the 2nd quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 36 shares during the last quarter. Pacifica Partners Inc. purchased a new stake in shares of Synopsys in the 3rd quarter valued at approximately $25,000. Tsfg LLC increased its position in shares of Synopsys by 75.0% in the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 24 shares during the last quarter. Chris Bulman Inc purchased a new stake in shares of Synopsys in the 2nd quarter valued at approximately $30,000. Finally, Hazlett Burt & Watson Inc. increased its position in shares of Synopsys by 40.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 20 shares during the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SNPS. Needham & Company LLC reissued a “buy” rating and issued a $640.00 price objective on shares of Synopsys in a research report on Tuesday, October 22nd. Berenberg Bank started coverage on shares of Synopsys in a research report on Tuesday, October 15th. They issued a “buy” rating and a $660.00 target price on the stock. Piper Sandler dropped their target price on shares of Synopsys from $687.00 to $670.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on shares of Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, Robert W. Baird increased their target price on shares of Synopsys from $661.00 to $663.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $653.80.

Synopsys Price Performance

Shares of NASDAQ:SNPS opened at $547.74 on Friday. The stock has a market cap of $84.14 billion, a P/E ratio of 56.82, a P/E/G ratio of 3.43 and a beta of 1.08. The firm has a fifty day moving average price of $524.79 and a 200 day moving average price of $545.72. Synopsys, Inc. has a 1-year low of $457.52 and a 1-year high of $629.38.

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.