Transamerica Financial Advisors Inc. Sells 271 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Transamerica Financial Advisors Inc. decreased its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,720 shares of the semiconductor company’s stock after selling 271 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Synopsys were worth $4,718,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SNPS. Kieckhefer Group LLC acquired a new stake in shares of Synopsys during the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC acquired a new stake in shares of Synopsys in the 4th quarter valued at $33,000. Sierra Ocean LLC bought a new position in shares of Synopsys in the 4th quarter valued at $39,000. Newbridge Financial Services Group Inc. bought a new position in shares of Synopsys in the 4th quarter valued at $51,000. Finally, Versant Capital Management Inc raised its holdings in shares of Synopsys by 109.3% during the 4th quarter. Versant Capital Management Inc now owns 113 shares of the semiconductor company’s stock worth $55,000 after buying an additional 59 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on SNPS shares. Redburn Atlantic assumed coverage on Synopsys in a research report on Monday, January 13th. They issued a “buy” rating and a $600.00 target price on the stock. Wells Fargo & Company reduced their price target on shares of Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. Robert W. Baird lowered their price objective on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Rosenblatt Securities restated a “buy” rating and issued a $660.00 target price on shares of Synopsys in a research report on Tuesday, February 25th. Finally, Piper Sandler lowered their price target on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $638.58.

Synopsys Stock Down 1.9 %

Shares of NASDAQ:SNPS opened at $437.95 on Friday. The firm has a market cap of $67.72 billion, a P/E ratio of 30.16, a P/E/G ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a 12-month low of $425.73 and a 12-month high of $624.80. The business has a fifty day simple moving average of $485.62 and a 200 day simple moving average of $505.27.

Insider Transactions at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the completion of the sale, the executive now directly owns 1,460 shares in the company, valued at approximately $738,774.60. This trade represents a 93.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $463.75, for a total value of $5,270,982.50. Following the completion of the transaction, the chief executive officer now directly owns 70,922 shares in the company, valued at $32,890,077.50. This represents a 13.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,909 shares of company stock worth $22,794,835 over the last ninety days. 0.62% of the stock is owned by insiders.

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.