Brown Financial Advisors Makes New Investment in Synopsys, Inc. (NASDAQ:SNPS)

Brown Financial Advisors acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,558 shares of the semiconductor company’s stock, valued at approximately $756,000.

Other hedge funds have also recently modified their holdings of the company. Kieckhefer Group LLC bought a new position in Synopsys in the fourth quarter worth approximately $27,000. Hazlett Burt & Watson Inc. lifted its stake in shares of Synopsys by 40.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 20 shares during the last quarter. Sierra Ocean LLC bought a new stake in Synopsys during the fourth quarter valued at about $39,000. Princeton Global Asset Management LLC purchased a new position in shares of Synopsys in the 3rd quarter worth approximately $44,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Synopsys during the fourth quarter valued at approximately $51,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Insider Buying and Selling at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the company’s 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SNPS. Redburn Atlantic assumed coverage on Synopsys in a research note on Monday, January 13th. They set a “buy” rating and a $600.00 price target on the stock. Wells Fargo & Company lowered their price target on Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Rosenblatt Securities reissued a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a report on Wednesday, December 4th. Loop Capital started coverage on Synopsys in a research note on Monday, November 11th. They issued a “buy” rating and a $675.00 price objective for the company. Finally, Robert W. Baird dropped their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $637.50.

Synopsys Stock Performance

Shares of SNPS stock opened at $470.08 on Tuesday. The firm has a market capitalization of $72.66 billion, a P/E ratio of 32.37, a PEG ratio of 3.23 and a beta of 1.12. Synopsys, Inc. has a fifty-two week low of $457.52 and a fifty-two week high of $624.80. The stock’s fifty day moving average is $509.17 and its two-hundred day moving average is $517.36.

About Synopsys

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.