Avestar Capital LLC Has $786,000 Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Avestar Capital LLC trimmed its position in Synopsys, Inc. (NASDAQ:SNPS) by 1.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,552 shares of the semiconductor company’s stock after selling 20 shares during the period. Avestar Capital LLC’s holdings in Synopsys were worth $786,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Partners LLC raised its holdings in Synopsys by 600.0% during the 2nd quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 36 shares during the last quarter. Pacifica Partners Inc. acquired a new stake in shares of Synopsys during the 3rd quarter worth approximately $25,000. Tsfg LLC boosted its stake in Synopsys by 75.0% in the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 24 shares during the last quarter. Chris Bulman Inc acquired a new stake in Synopsys during the 2nd quarter worth $30,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in 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 acquiring an additional 20 shares during the period. 85.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on SNPS. Loop Capital initiated coverage on Synopsys in a research report on Monday, November 11th. They issued a “buy” rating and a $675.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Berenberg Bank started coverage on shares of Synopsys in a research note on Tuesday, October 15th. They set a “buy” rating and a $660.00 price objective on the stock. Mizuho initiated coverage on shares of Synopsys in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 target price for the company. Finally, Robert W. Baird lifted their price target on shares of Synopsys from $661.00 to $663.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $644.36.

Synopsys Price Performance

SNPS opened at $553.95 on Wednesday. The company has a market capitalization of $85.09 billion, a price-to-earnings ratio of 57.46, a P/E/G ratio of 3.43 and a beta of 1.08. The business’s 50-day moving average price is $523.08 and its two-hundred day moving average price is $545.69. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38.

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.