Hantz Financial Services Inc. Has $2.58 Million Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Hantz Financial Services Inc. lifted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 13.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,320 shares of the semiconductor company’s stock after acquiring an additional 643 shares during the period. Hantz Financial Services Inc.’s holdings in Synopsys were worth $2,582,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Redburn Atlantic started coverage on shares of Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 target price on the stock. Loop Capital began coverage on Synopsys in a research note on Monday, November 11th. They set a “buy” rating and a $675.00 price objective on the stock. Berenberg Bank initiated coverage on 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 reaffirmed a “buy” rating and set a $640.00 price target on shares of Synopsys in a research report on Thursday, December 5th. Finally, Piper Sandler decreased their price objective on Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $641.82.

Synopsys Trading Up 2.7 %

Shares of NASDAQ SNPS opened at $526.36 on Friday. The company has a market capitalization of $81.36 billion, a P/E ratio of 36.25, a P/E/G 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 stock has a 50 day moving average of $517.68 and a 200-day moving average of $521.54.

Insiders Place Their Bets

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were 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 $738,774.60. This trade represents a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.66% of the company’s stock.

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.