Kestra Private Wealth Services LLC Buys 169 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Kestra Private Wealth Services LLC boosted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,853 shares of the semiconductor company’s stock after buying an additional 169 shares during the period. Kestra Private Wealth Services LLC’s holdings in Synopsys were worth $2,355,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stephens Inc. AR grew its position in Synopsys by 8.8% during the fourth quarter. Stephens Inc. AR now owns 1,664 shares of the semiconductor company’s stock valued at $808,000 after buying an additional 134 shares during the period. Empowered Funds LLC increased its holdings in Synopsys by 16.7% during the 4th quarter. Empowered Funds LLC now owns 8,468 shares of the semiconductor company’s stock worth $4,110,000 after acquiring an additional 1,214 shares during the period. Kingsview Wealth Management LLC raised its position in shares of Synopsys by 18.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 563 shares of the semiconductor company’s stock worth $273,000 after buying an additional 88 shares in the last quarter. Robocap Asset Management Ltd boosted its position in shares of Synopsys by 25.3% during the 4th quarter. Robocap Asset Management Ltd now owns 19,039 shares of the semiconductor company’s stock valued at $9,241,000 after acquiring an additional 3,849 shares during the last quarter. Finally, Conning Inc. grew its stake in Synopsys by 5.0% in the 4th quarter. Conning Inc. now owns 816 shares of the semiconductor company’s stock worth $396,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insider Buying and Selling at Synopsys

In related news, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction 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. The trade was a 93.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SNPS. Wells Fargo & Company cut their price objective on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Piper Sandler reduced their price target on Synopsys from $670.00 to $655.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Mizuho began coverage on shares of Synopsys in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $640.00 target price on shares of Synopsys in a research report on Thursday, December 5th. Finally, Robert W. Baird reduced their target price on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $641.82.

Synopsys Stock Performance

Shares of NASDAQ:SNPS opened at $529.14 on Wednesday. The stock has a market cap of $81.79 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 3.49 and a beta of 1.12. The business’s fifty day moving average price is $512.80 and its two-hundred day moving average price is $518.34. Synopsys, Inc. has a one year low of $457.52 and a one year high of $629.38.

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.