Jones Financial Companies Lllp Purchases 772 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Jones Financial Companies Lllp lifted its position in Synopsys, Inc. (NASDAQ:SNPS) by 17.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,213 shares of the semiconductor company’s stock after buying an additional 772 shares during the period. Jones Financial Companies Lllp’s holdings in Synopsys were worth $2,530,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Stephens Inc. AR raised its position in shares of Synopsys by 3.9% in the 3rd quarter. Stephens Inc. AR now owns 1,530 shares of the semiconductor company’s stock valued at $775,000 after purchasing an additional 58 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Synopsys by 120.2% in the 3rd quarter. Impax Asset Management Group plc now owns 490,723 shares of the semiconductor company’s stock valued at $248,497,000 after acquiring an additional 267,836 shares during the last quarter. United Advisor Group LLC acquired a new stake in shares of Synopsys in the third quarter worth $211,000. Amalgamated Bank raised its holdings in shares of Synopsys by 5.6% during the third quarter. Amalgamated Bank now owns 34,576 shares of the semiconductor company’s stock worth $17,509,000 after purchasing an additional 1,829 shares during the last quarter. Finally, Catalina Capital Group LLC lifted its position in Synopsys by 4.0% during the third quarter. Catalina Capital Group LLC now owns 779 shares of the semiconductor company’s stock valued at $394,000 after purchasing an additional 30 shares during the period. Institutional investors own 85.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SNPS shares. Loop Capital assumed coverage on Synopsys in a research report on Monday, November 11th. They set a “buy” rating and a $675.00 price target on the stock. Morgan Stanley reduced their price target on Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Needham & Company LLC restated a “buy” rating and issued a $650.00 price objective on shares of Synopsys in a research report on Thursday, February 27th. Wells Fargo & Company cut their target price on shares of Synopsys from $540.00 to $520.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $660.00 price target on shares of Synopsys in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $638.58.

Synopsys Stock Up 0.6 %

SNPS opened at $447.96 on Thursday. The company has a market cap of $69.26 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 3.23 and a beta of 1.12. The firm’s fifty day simple moving average is $503.01 and its two-hundred day simple moving average is $513.56. Synopsys, Inc. has a 52-week low of $429.77 and a 52-week high of $624.80.

Insider Activity at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $463.75, for a total value of $5,270,982.50. Following the completion of the sale, the chief executive officer now directly owns 70,922 shares in the company, valued at $32,890,077.50. This represents a 13.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

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.