Robocap Asset Management Ltd Raises Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Robocap Asset Management Ltd grew its position in Synopsys, Inc. (NASDAQ:SNPS) by 25.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 19,039 shares of the semiconductor company’s stock after buying an additional 3,849 shares during the period. Synopsys makes up 6.2% of Robocap Asset Management Ltd’s investment portfolio, making the stock its 3rd largest holding. Robocap Asset Management Ltd’s holdings in Synopsys were worth $9,241,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SNPS. Kieckhefer Group LLC acquired a new stake in shares of Synopsys during the 4th quarter worth about $27,000. Tsfg LLC grew its stake in Synopsys by 75.0% during 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. increased its holdings in shares of Synopsys by 40.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after buying an additional 20 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in shares of Synopsys in the third quarter valued at approximately $44,000. Finally, nVerses Capital LLC acquired a new position in shares of Synopsys in the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analyst Ratings Changes

SNPS has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a research note on Wednesday, December 4th. Piper Sandler decreased their price objective on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Wells Fargo & Company dropped their target price on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Robert W. Baird decreased their price target on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Finally, Mizuho started coverage on shares of Synopsys in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price objective for the company. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $641.82.

Insider Transactions at Synopsys

In related news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the transaction, the executive now owns 1,460 shares of the company’s stock, valued at $738,774.60. This trade represents a 93.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.66% of the company’s stock.

Synopsys Stock Down 1.4 %

Shares of Synopsys stock opened at $525.82 on Friday. The business has a fifty day simple moving average of $514.15 and a 200 day simple moving average of $519.55. The stock has a market cap of $81.28 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 3.49 and a beta of 1.12. 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.