DGS Capital Management LLC Cuts Holdings in Synopsys, Inc. (NASDAQ:SNPS)

DGS Capital Management LLC decreased its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 19.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,090 shares of the semiconductor company’s stock after selling 261 shares during the period. DGS Capital Management LLC’s holdings in Synopsys were worth $529,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SNPS. Pacifica Partners Inc. purchased a new stake in shares of Synopsys during the 3rd quarter worth $25,000. Kieckhefer Group LLC bought a new position in Synopsys in the fourth quarter worth about $27,000. Tsfg LLC lifted its position in shares of Synopsys by 75.0% during the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 24 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of Synopsys by 40.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 20 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Synopsys in the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SNPS shares. Berenberg Bank began coverage on shares of Synopsys in a research note on Tuesday, October 15th. They issued a “buy” rating and a $660.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $640.00 target price on shares of Synopsys in a research note on Thursday, December 5th. Wells Fargo & Company decreased their price target on Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Mizuho assumed coverage on Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price target 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 on the stock in a report on Friday, December 6th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Synopsys presently has an average rating of “Moderate Buy” and a consensus price target of $641.82.

Insider Activity at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys 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 transaction, the executive now owns 1,460 shares in the company, valued at approximately $738,774.60. This trade represents a 93.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.66% of the stock is currently owned by insiders.

Synopsys Trading Down 1.0 %

Shares of NASDAQ SNPS opened at $546.19 on Friday. The stock has a market cap of $84.43 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 3.57 and a beta of 1.12. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38. The company has a 50 day simple moving average of $518.68 and a two-hundred day simple moving average of $524.17.

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.