FNY Investment Advisers LLC Buys Shares of 290 Synopsys, Inc. (NASDAQ:SNPS)

FNY Investment Advisers LLC bought a new position in Synopsys, Inc. (NASDAQ:SNPS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 290 shares of the semiconductor company’s stock, valued at approximately $140,000.

Several other hedge funds have also modified their holdings of SNPS. Envestnet Asset Management Inc. lifted its position in Synopsys by 3.3% during the second quarter. Envestnet Asset Management Inc. now owns 164,569 shares of the semiconductor company’s stock valued at $97,929,000 after acquiring an additional 5,236 shares during the last quarter. Rathbones Group PLC increased its position in shares of Synopsys by 16.3% during the second quarter. Rathbones Group PLC now owns 707 shares of the semiconductor company’s stock worth $421,000 after purchasing an additional 99 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Synopsys by 16.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 303,784 shares of the semiconductor company’s stock valued at $180,779,000 after purchasing an additional 43,785 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Synopsys during the 2nd quarter valued at $203,000. Finally, Axxcess Wealth Management LLC boosted its position in shares of Synopsys by 8.8% in the 2nd quarter. Axxcess Wealth Management LLC now owns 4,386 shares of the semiconductor company’s stock worth $2,610,000 after purchasing an additional 356 shares in the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SNPS shares. Loop Capital initiated coverage on Synopsys in a research note on Monday, November 11th. They issued a “buy” rating and a $675.00 price target for the company. Rosenblatt Securities restated a “buy” rating and set a $635.00 price objective on shares of Synopsys in a report on Wednesday, December 4th. Redburn Atlantic initiated coverage on shares of Synopsys in a research note on Monday. They issued a “buy” rating and a $600.00 target price for the company. Mizuho began coverage on Synopsys in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price target on the stock. Finally, Robert W. Baird decreased their price objective on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $641.82.

Synopsys Stock Up 0.6 %

Shares of Synopsys stock opened at $490.36 on Wednesday. The firm has a market cap of $75.80 billion, a PE ratio of 33.77, a P/E/G ratio of 3.41 and a beta of 1.12. The business has a 50-day moving average price of $522.21 and a 200 day moving average price of $527.43. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38.

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.