Freedom Investment Management Inc. Buys 619 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Freedom Investment Management Inc. lifted its stake in Synopsys, Inc. (NASDAQ:SNPS) by 28.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,816 shares of the semiconductor company’s stock after purchasing an additional 619 shares during the quarter. Freedom Investment Management Inc.’s holdings in Synopsys were worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. ORG Partners LLC lifted its stake in shares of Synopsys by 600.0% in the second quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock worth $25,000 after buying an additional 36 shares in the last quarter. Chris Bulman Inc bought a new position in Synopsys in the 2nd quarter valued at approximately $30,000. Pacifica Partners Inc. purchased a new stake in Synopsys during the 3rd quarter valued at $25,000. Tsfg LLC increased its holdings in shares of Synopsys by 75.0% in the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 24 shares in the last quarter. Finally, Fortitude Family Office LLC raised its stake in shares of Synopsys by 66.7% in the second quarter. Fortitude Family Office LLC now owns 60 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.

Synopsys Stock Down 1.1 %

Shares of Synopsys stock opened at $547.74 on Thursday. Synopsys, Inc. has a 52 week low of $457.52 and a 52 week high of $629.38. The stock’s 50-day simple moving average is $524.12 and its 200-day simple moving average is $545.71. The company has a market capitalization of $84.14 billion, a price-to-earnings ratio of 56.82, a PEG ratio of 3.43 and a beta of 1.08.

Analysts Set New Price Targets

Several equities research analysts recently commented on SNPS shares. Wells Fargo & Company assumed coverage on Synopsys in a research report on Friday, November 22nd. They set an “equal weight” rating and a $570.00 price objective on the stock. JPMorgan Chase & Co. raised their price target on shares of Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Loop Capital began coverage on shares of Synopsys in a report on Monday, November 11th. They set a “buy” rating and a $675.00 price objective for the company. Robert W. Baird raised their target price on shares of Synopsys from $661.00 to $663.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $635.00 target price on shares of Synopsys in a research note on Friday, August 23rd. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus 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.