Jacobs & Co. CA Buys 1,424 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Jacobs & Co. CA raised its stake in Synopsys, Inc. (NASDAQ:SNPS) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,266 shares of the semiconductor company’s stock after acquiring an additional 1,424 shares during the quarter. Jacobs & Co. CA’s holdings in Synopsys were worth $10,807,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SNPS. Private Advisor Group LLC lifted its holdings in shares of Synopsys by 21.7% in the second quarter. Private Advisor Group LLC now owns 5,214 shares of the semiconductor company’s stock worth $3,102,000 after acquiring an additional 931 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Synopsys in the second quarter valued at approximately $80,000. Dorsey & Whitney Trust CO LLC increased its stake in shares of Synopsys by 15.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 674 shares of the semiconductor company’s stock valued at $401,000 after buying an additional 89 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of Synopsys by 15.1% in the second quarter. Coldstream Capital Management Inc. now owns 2,501 shares of the semiconductor company’s stock valued at $1,488,000 after buying an additional 328 shares during the period. Finally, MGO One Seven LLC increased its stake in shares of Synopsys by 67.6% in the second quarter. MGO One Seven LLC now owns 1,694 shares of the semiconductor company’s stock valued at $1,008,000 after buying an additional 683 shares during the period. Institutional investors own 85.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SNPS. Berenberg Bank assumed coverage on Synopsys in a research note on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price objective for the company. Loop Capital initiated coverage on shares of Synopsys in a research report on Monday, November 11th. They set a “buy” rating and a $675.00 price objective for the company. Wells Fargo & Company initiated coverage on Synopsys in a report on Friday, November 22nd. They issued an “equal weight” rating and a $570.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $640.00 target price on shares of Synopsys in a report on Thursday, December 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $635.00 price objective on shares of Synopsys in a research note on Wednesday, December 4th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Synopsys currently has a consensus rating of “Moderate Buy” and a consensus price target of $649.00.

Synopsys Stock Down 1.5 %

Shares of NASDAQ:SNPS traded down $7.75 on Friday, hitting $494.25. 664,004 shares of the company traded hands, compared to its average volume of 929,941. Synopsys, Inc. has a 52 week low of $457.52 and a 52 week high of $629.38. The stock has a 50 day simple moving average of $524.10 and a 200-day simple moving average of $530.62. The company has a market cap of $76.40 billion, a PE ratio of 34.04, a PEG ratio of 3.41 and a beta of 1.12.

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.