FNY Investment Advisers LLC Makes New $140,000 Investment in Synopsys, Inc. (NASDAQ:SNPS)

FNY Investment Advisers LLC bought a new stake in Synopsys, Inc. (NASDAQ:SNPS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 290 shares of the semiconductor company’s stock, valued at approximately $140,000.

Other institutional investors have also modified their holdings of the company. Pallas Capital Advisors LLC acquired a new position in shares of Synopsys during the 4th quarter worth about $7,158,000. Sunflower Bank N.A. raised its holdings in shares of Synopsys by 16.2% during the fourth quarter. Sunflower Bank N.A. now owns 580 shares of the semiconductor company’s stock valued at $282,000 after acquiring an additional 81 shares during the last quarter. Eastern Bank lifted its position in shares of Synopsys by 2.4% in the fourth quarter. Eastern Bank now owns 2,455 shares of the semiconductor company’s stock valued at $1,192,000 after acquiring an additional 57 shares in the last quarter. Cooper Financial Group boosted its stake in shares of Synopsys by 9.5% in the fourth quarter. Cooper Financial Group now owns 1,586 shares of the semiconductor company’s stock worth $770,000 after acquiring an additional 138 shares during the last quarter. Finally, Wedmont Private Capital boosted its stake in shares of Synopsys by 2.6% in the fourth quarter. Wedmont Private Capital now owns 3,375 shares of the semiconductor company’s stock worth $1,662,000 after acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on SNPS shares. Needham & Company LLC reissued a “buy” rating and issued a $640.00 price objective on shares of Synopsys in a research note on Thursday, December 5th. Redburn Atlantic started coverage on shares of Synopsys in a research report on Monday. They issued a “buy” rating and a $600.00 target price for the company. 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. Berenberg Bank assumed coverage on shares of Synopsys in a research note on Tuesday, October 15th. They set a “buy” rating and a $660.00 price objective for the company. Finally, Piper Sandler cut their price objective on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $641.82.

Synopsys Trading Up 0.6 %

Synopsys stock opened at $490.36 on Wednesday. The stock has a market cap of $75.80 billion, a P/E ratio of 33.77, a PEG ratio of 3.41 and a beta of 1.12. The company has a 50-day moving average price of $522.21 and a 200 day moving average price of $527.43. Synopsys, Inc. has a 12-month low of $457.52 and a 12-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.