180 Wealth Advisors LLC Sells 39 Shares of Synopsys, Inc. (NASDAQ:SNPS)

180 Wealth Advisors LLC reduced its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 496 shares of the semiconductor company’s stock after selling 39 shares during the period. 180 Wealth Advisors LLC’s holdings in Synopsys were worth $241,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a report on Monday. Needham & Company LLC reissued a “buy” rating and issued a $640.00 price target on shares of Synopsys in a report on Thursday, December 5th. Robert W. Baird reduced their price target on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Berenberg Bank began coverage on shares of Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 price objective for the company. Finally, Redburn Atlantic began coverage on shares of Synopsys in a report on Monday. They set a “buy” rating and a $600.00 price objective for the company. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $641.82.

Synopsys Stock Up 3.4 %

Shares of Synopsys stock opened at $507.19 on Thursday. The stock has a market capitalization of $78.40 billion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 3.41 and a beta of 1.12. The company has a 50-day simple moving average of $522.21 and a 200 day simple moving average of $527.43. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38.

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.