Synergy Financial Group LTD Grows Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Synergy Financial Group LTD increased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 9.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 549 shares of the semiconductor company’s stock after purchasing an additional 49 shares during the period. Synergy Financial Group LTD’s holdings in Synopsys were worth $278,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC grew its stake in shares of Synopsys by 600.0% in the second quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 36 shares in the last quarter. Pacifica Partners Inc. acquired a new position in Synopsys in the 3rd quarter valued at about $25,000. Tsfg LLC grew its position in Synopsys by 75.0% in the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 24 shares in the last quarter. Chris Bulman Inc acquired a new stake in shares of Synopsys during the second quarter worth about $30,000. Finally, Hazlett Burt & Watson Inc. boosted its stake 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 valued at $35,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Stock Performance

SNPS opened at $508.49 on Tuesday. Synopsys, Inc. has a one year low of $457.52 and a one year high of $629.38. The company has a market cap of $78.11 billion, a P/E ratio of 35.02, a PEG ratio of 3.25 and a beta of 1.08. The business’s 50-day simple moving average is $529.97 and its 200-day simple moving average is $544.15.

Analysts Set New Price Targets

SNPS has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $640.00 target price on shares of Synopsys in a research note on Thursday, December 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a research note on Wednesday, December 4th. Mizuho assumed coverage on Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 target price for the company. Robert W. Baird cut their price target on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $649.00.

Synopsys 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.