Capital Asset Advisory Services LLC Has $1.80 Million Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Capital Asset Advisory Services LLC boosted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 3.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,645 shares of the semiconductor company’s stock after buying an additional 125 shares during the period. Capital Asset Advisory Services LLC’s holdings in Synopsys were worth $1,800,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Susquehanna Fundamental Investments LLC acquired a new stake in Synopsys in the 2nd quarter valued at approximately $7,423,000. Creative Planning grew its stake in shares of Synopsys by 16.9% during the 2nd quarter. Creative Planning now owns 18,708 shares of the semiconductor company’s stock worth $11,132,000 after acquiring an additional 2,703 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Synopsys by 4.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,432 shares of the semiconductor company’s stock valued at $6,803,000 after purchasing an additional 510 shares during the last quarter. Seaport Global Advisors LLC bought a new stake in shares of Synopsys in the second quarter worth $752,000. Finally, Quarry LP bought a new position in Synopsys in the second quarter valued at $64,000. Institutional investors own 85.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $640.00 price objective on shares of Synopsys in a report on Thursday, December 5th. Mizuho started coverage on shares of Synopsys in a report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 target price on the stock. Robert W. Baird cut their price target on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Redburn Atlantic initiated coverage on shares of Synopsys in a research report on Monday, January 13th. They issued a “buy” rating and a $600.00 price objective for the company. Finally, Piper Sandler dropped their target price on shares of Synopsys from $670.00 to $655.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $641.82.

Synopsys Stock Down 1.0 %

Shares of NASDAQ:SNPS opened at $546.19 on Monday. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38. The business has a 50 day moving average of $518.68 and a 200-day moving average of $523.59. The stock has a market cap of $84.43 billion, a PE ratio of 37.62, a P/E/G ratio of 3.57 and a beta of 1.12.

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 shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the transaction, the executive now 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 document filed with the SEC, which is available at this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

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.