Nisa Investment Advisors LLC lifted its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 4.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,208 shares of the semiconductor company’s stock after buying an additional 2,974 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Synopsys were worth $5,558,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC acquired a new position in shares of Synopsys during the 4th quarter worth $415,000. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Synopsys during the 4th quarter worth $750,000. Visionary Asset Management Inc. acquired a new position in shares of Synopsys during the 3rd quarter worth $234,000. Belpointe Asset Management LLC acquired a new position in shares of Synopsys during the 3rd quarter worth $1,752,000. Finally, IFM Investors Pty Ltd acquired a new position in shares of Synopsys during the 3rd quarter worth $410,000. 90.77% of the stock is owned by institutional investors and hedge funds.
Synopsys, Inc. (NASDAQ:SNPS) opened at $90.37 on Tuesday. Synopsys, Inc. has a one year low of $60.41 and a one year high of $94.80. The firm has a market cap of $13,439.26, a PE ratio of 106.32, a P/E/G ratio of 4.03 and a beta of 1.01. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.
Several research firms have recently issued reports on SNPS. JPMorgan Chase & Co. downgraded Synopsys from a “neutral” rating to an “underweight” rating and set a $87.00 price target for the company. in a research note on Tuesday, December 12th. Zacks Investment Research raised Synopsys from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Tuesday, October 3rd. KeyCorp reaffirmed an “overweight” rating and set a $106.00 price target (up previously from $86.00) on shares of Synopsys in a research note on Thursday, November 30th. Needham & Company LLC lifted their price target on Synopsys from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, December 1st. Finally, TheStreet downgraded shares of Synopsys from an “a” rating to a “c+” rating in a research note on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $96.89.
In other Synopsys news, Director Chrysostomos L. Nikias sold 21,073 shares of Synopsys stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $85.88, for a total value of $1,809,749.24. Following the completion of the sale, the director now owns 32,466 shares in the company, valued at approximately $2,788,180.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Chi-Foon Chan sold 3,750 shares of Synopsys stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $89.78, for a total value of $336,675.00. The disclosure for this sale can be found here. Insiders sold a total of 60,897 shares of company stock valued at $5,370,098 in the last three months. 1.82% of the stock is currently owned by corporate insiders.
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Synopsys, Inc provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves.
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