New Mexico Educational Retirement Board Sells 100 Shares of Synopsys, Inc. (NASDAQ:SNPS)

New Mexico Educational Retirement Board lowered its position in Synopsys, Inc. (NASDAQ:SNPS) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,350 shares of the semiconductor company’s stock after selling 100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Synopsys were worth $3,567,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. increased its holdings in shares of Synopsys by 40.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 20 shares during the period. Caprock Group LLC increased its stake in Synopsys by 0.5% in the fourth quarter. Caprock Group LLC now owns 3,714 shares of the semiconductor company’s stock valued at $1,803,000 after acquiring an additional 20 shares during the last quarter. Compagnie Lombard Odier SCmA increased its stake in Synopsys by 1.1% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,850 shares of the semiconductor company’s stock valued at $898,000 after acquiring an additional 20 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in Synopsys by 1.5% in the third quarter. Aptus Capital Advisors LLC now owns 1,447 shares of the semiconductor company’s stock valued at $733,000 after acquiring an additional 22 shares during the last quarter. Finally, Resurgent Financial Advisors LLC increased its stake in Synopsys by 2.8% in the third quarter. Resurgent Financial Advisors LLC now owns 809 shares of the semiconductor company’s stock valued at $410,000 after acquiring an additional 22 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.

Synopsys Price Performance

NASDAQ SNPS opened at $522.53 on Friday. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38. The business’s 50-day moving average is $510.78 and its 200 day moving average is $518.06. The stock has a market capitalization of $80.77 billion, a PE ratio of 35.99, a PEG ratio of 3.49 and a beta of 1.12.

Insiders Place Their Bets

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total value of $10,544,236.38. Following the completion of the sale, the executive now directly owns 1,460 shares in the company, valued at $738,774.60. This trade represents a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on SNPS. Needham & Company LLC reissued a “buy” rating and issued a $640.00 target price on shares of Synopsys in a research note on Thursday, December 5th. Mizuho began coverage on Synopsys in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price objective on the stock. 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. 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. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $635.00 price objective on shares of Synopsys in a research note on Wednesday, December 4th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Synopsys presently has an average rating of “Moderate Buy” and a consensus 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.