Fairfield Bush & CO. Has $588,000 Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Fairfield Bush & CO. grew its position in Synopsys, Inc. (NASDAQ:SNPS) by 43.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,212 shares of the semiconductor company’s stock after purchasing an additional 370 shares during the quarter. Fairfield Bush & CO.’s holdings in Synopsys were worth $588,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SNPS. Kieckhefer Group LLC bought a new stake in shares of Synopsys during the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC bought a new position in shares of Synopsys in the fourth quarter valued at $33,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Synopsys during the fourth quarter valued at about $34,000. Sierra Ocean LLC bought a new stake in shares of Synopsys during the fourth quarter worth about $39,000. Finally, Hazlett Burt & Watson Inc. lifted its position in Synopsys by 28.6% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 20 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

Synopsys Trading Down 2.3 %

Shares of SNPS stock opened at $415.65 on Thursday. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $624.80. The stock has a market capitalization of $64.27 billion, a P/E ratio of 28.63, a PEG ratio of 3.23 and a beta of 1.23. The firm’s 50 day moving average is $451.03 and its 200 day moving average is $496.32.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SNPS shares. Wells Fargo & Company dropped their target price on Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. Redburn Atlantic assumed coverage on shares of Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 target price for the company. Piper Sandler cut their price target on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Bank of America decreased their price objective on shares of Synopsys from $630.00 to $560.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Mizuho reduced their target price on Synopsys from $650.00 to $600.00 and set an “outperform” rating for the company in a report on Tuesday. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $618.31.

Insider Activity

In other news, CEO Sassine Ghazi sold 11,366 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $463.75, for a total transaction of $5,270,982.50. Following the sale, the chief executive officer now directly owns 70,922 shares in the company, valued at $32,890,077.50. This represents a 13.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Geus Aart De sold 15,705 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the completion of the sale, the insider now directly owns 116,671 shares in the company, valued at approximately $51,850,925.82. The trade was a 11.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.

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.