Dohj LLC Increases Position in Synopsys, Inc. (NASDAQ:SNPS)

Dohj LLC increased its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,595 shares of the semiconductor company’s stock after acquiring an additional 97 shares during the quarter. Dohj LLC’s holdings in Synopsys were worth $774,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacifica Partners Inc. acquired a new position in shares of Synopsys in the 3rd quarter valued at approximately $25,000. Kieckhefer Group LLC bought a new stake in shares of Synopsys in the fourth quarter worth $27,000. Tsfg LLC increased its stake in shares of Synopsys by 75.0% in the third 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. Hazlett Burt & Watson Inc. raised its holdings in Synopsys by 40.0% in the third 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 in the last quarter. Finally, Princeton Global Asset Management LLC bought a new position in Synopsys during the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Synopsys Stock Performance

SNPS stock opened at $525.48 on Friday. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38. The stock has a market capitalization of $81.23 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 3.36 and a beta of 1.12. The stock’s fifty day moving average is $516.26 and its two-hundred day moving average is $520.95.

Insider Buying and Selling

In other 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 directly owns 1,460 shares in the company, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

SNPS has been the subject of several research analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $635.00 target price on shares of Synopsys in a research report on Wednesday, December 4th. Loop Capital began coverage on Synopsys in a research note on Monday, November 11th. They set a “buy” rating and a $675.00 price objective on the stock. Berenberg Bank began coverage on Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 target price on the stock. Wells Fargo & Company lowered their price target on Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Redburn Atlantic began coverage on Synopsys in a research note on Monday, January 13th. They set a “buy” rating and a $600.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Synopsys presently has an average rating of “Moderate Buy” and an average target price of $641.82.

Synopsys Company 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.