E. Ohman J or Asset Management AB Acquires 920 Shares of Synopsys, Inc. (NASDAQ:SNPS)

E. Ohman J or Asset Management AB boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,930 shares of the semiconductor company’s stock after purchasing an additional 920 shares during the period. E. Ohman J or Asset Management AB’s holdings in Synopsys were worth $3,364,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Pacifica Partners Inc. purchased a new stake in Synopsys during the 3rd quarter valued at about $25,000. Kieckhefer Group LLC purchased a new stake in shares of Synopsys during the fourth quarter valued at approximately $27,000. Tsfg LLC grew its holdings in shares of Synopsys by 75.0% in the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 24 shares during the last quarter. Hazlett Burt & Watson Inc. increased 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 worth $35,000 after buying an additional 20 shares during the period. Finally, Princeton Global Asset Management LLC bought a new stake in Synopsys during the 3rd quarter valued at $44,000. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total value of $10,544,236.38. Following the sale, the executive now directly owns 1,460 shares of the company’s stock, valued at approximately $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SNPS has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Robert W. Baird cut their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Redburn Atlantic initiated coverage on Synopsys in a research report on Monday, January 13th. They set a “buy” rating and a $600.00 price target for the company. Loop Capital assumed coverage on Synopsys in a research report on Monday, November 11th. They issued a “buy” rating and a $675.00 price objective on the stock. Finally, Rosenblatt Securities restated a “buy” rating and set a $635.00 target price on shares of Synopsys in a report on Wednesday, December 4th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $641.82.

Synopsys Trading Down 1.0 %

Shares of SNPS stock opened at $520.25 on Tuesday. The company’s fifty day moving average price is $516.26 and its 200-day moving average price is $519.95. The stock has a market cap of $80.42 billion, a PE ratio of 35.83, a price-to-earnings-growth ratio of 3.44 and a beta of 1.12. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38.

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.