Everence Capital Management Inc. Sells 780 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Everence Capital Management Inc. decreased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 10.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,600 shares of the semiconductor company’s stock after selling 780 shares during the period. Everence Capital Management Inc.’s holdings in Synopsys were worth $3,203,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. grew its holdings in 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 purchasing an additional 20 shares during the period. Green Alpha Advisors LLC boosted its stake in shares of Synopsys by 1.7% during the 3rd quarter. Green Alpha Advisors LLC now owns 1,294 shares of the semiconductor company’s stock worth $655,000 after acquiring an additional 22 shares during the period. Aptus Capital Advisors LLC increased its holdings in shares of Synopsys by 1.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,447 shares of the semiconductor company’s stock worth $733,000 after acquiring an additional 22 shares during the last quarter. Resurgent Financial Advisors LLC raised its stake in Synopsys by 2.8% in the 3rd 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 period. Finally, Larson Financial Group LLC lifted its holdings in Synopsys by 6.1% during the 3rd quarter. Larson Financial Group LLC now owns 398 shares of the semiconductor company’s stock valued at $202,000 after purchasing an additional 23 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Stock Performance

Shares of NASDAQ SNPS traded up $7.50 during mid-day trading on Friday, reaching $490.25. The company had a trading volume of 196,040 shares, compared to its average volume of 490,940. The firm has a market cap of $75.78 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 3.41 and a beta of 1.12. The business’s 50-day simple moving average is $525.91 and its 200 day simple moving average is $534.66. Synopsys, Inc. has a one year low of $457.52 and a one year high of $629.38.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Robert W. Baird decreased their price objective on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Berenberg Bank initiated coverage on shares of Synopsys in a research note on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price target on the stock. Rosenblatt Securities restated a “buy” rating and set a $635.00 price objective on shares of Synopsys in a report on Wednesday, December 4th. Mizuho started coverage on Synopsys in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 target price on the stock. Finally, Wells Fargo & Company started coverage on Synopsys in a report on Friday, November 22nd. They set an “equal weight” rating and a $570.00 price target for the company. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $649.00.

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.