Synopsys, Inc. (NASDAQ:SNPS) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC increased its position in Synopsys, Inc. (NASDAQ:SNPS) by 6.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 398 shares of the semiconductor company’s stock after acquiring an additional 23 shares during the period. Larson Financial Group LLC’s holdings in Synopsys were worth $202,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. ORG Partners LLC lifted its stake in shares of Synopsys by 600.0% during the 2nd quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 36 shares during the period. Pacifica Partners Inc. purchased a new position in Synopsys during the third quarter worth about $25,000. Tsfg LLC boosted its stake in Synopsys by 75.0% in the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after buying an additional 24 shares during the last quarter. Chris Bulman Inc purchased a new stake in Synopsys in the 2nd quarter valued at about $30,000. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of Synopsys by 40.0% during the 3rd 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. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Synopsys Price Performance

Shares of Synopsys stock opened at $547.74 on Thursday. Synopsys, Inc. has a 1-year low of $457.52 and a 1-year high of $629.38. The business has a 50-day moving average of $524.12 and a 200-day moving average of $545.71. The company has a market capitalization of $84.14 billion, a PE ratio of 56.82, a P/E/G ratio of 3.43 and a beta of 1.08.

Analyst Upgrades and Downgrades

SNPS has been the topic of several research analyst reports. Berenberg Bank assumed 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. Mizuho assumed coverage on shares of Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $640.00 target price on shares of Synopsys in a research report on Tuesday, October 22nd. Rosenblatt Securities reissued a “buy” rating and set a $635.00 price target on shares of Synopsys in a research report on Friday, August 23rd. Finally, Loop Capital began coverage on Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $653.80.

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.