US Bancorp DE Has $34.75 Million Position in Synopsys, Inc. (NASDAQ:SNPS)

US Bancorp DE cut its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 71,588 shares of the semiconductor company’s stock after selling 1,855 shares during the quarter. US Bancorp DE’s holdings in Synopsys were worth $34,746,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SNPS. Kieckhefer Group LLC acquired a new stake in Synopsys in the 4th quarter valued at about $27,000. Whipplewood Advisors LLC bought a new stake in shares of Synopsys during the fourth quarter valued at approximately $33,000. Hazlett Burt & Watson Inc. increased its holdings 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 in the last quarter. Sierra Ocean LLC bought a new position in Synopsys in the 4th quarter worth approximately $39,000. Finally, Princeton Global Asset Management LLC bought a new position in Synopsys in the 3rd quarter worth approximately $44,000. 85.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction dated 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 completion of the sale, the executive now directly owns 1,460 shares in the company, 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 the SEC website. 0.62% of the stock is currently owned by company insiders.

Synopsys Stock Up 0.6 %

Shares of NASDAQ SNPS opened at $457.28 on Friday. Synopsys, Inc. has a twelve month low of $448.11 and a twelve month high of $624.80. The stock has a market cap of $70.69 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 3.23 and a beta of 1.12. The company’s fifty day moving average is $506.14 and its 200-day moving average is $515.60.

Analyst Ratings Changes

SNPS has been the subject of several research reports. Rosenblatt Securities reissued a “buy” rating and issued a $660.00 target price on shares of Synopsys in a research note on Tuesday, February 25th. Needham & Company LLC reiterated a “buy” rating and issued a $650.00 price objective on shares of Synopsys in a research report on Thursday. Wells Fargo & Company cut their target price on shares of Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a research report on Thursday. Morgan Stanley lowered their price target on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Finally, Robert W. Baird cut their price objective on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Synopsys currently has an average rating of “Moderate Buy” and a consensus target price of $638.58.

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.