Wilmington Savings Fund Society FSB Invests $865,000 in Synopsys, Inc. (NASDAQ:SNPS)

Wilmington Savings Fund Society FSB bought a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,708 shares of the semiconductor company’s stock, valued at approximately $865,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. World Investment Advisors LLC acquired a new position in shares of Synopsys in the 3rd quarter worth $253,000. Pine Valley Investments Ltd Liability Co boosted its position in shares of Synopsys by 44.8% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 727 shares of the semiconductor company’s stock valued at $368,000 after purchasing an additional 225 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in Synopsys by 51.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 31,210 shares of the semiconductor company’s stock worth $15,805,000 after purchasing an additional 10,649 shares in the last quarter. Toronto Dominion Bank raised its holdings in Synopsys by 0.3% during the 3rd quarter. Toronto Dominion Bank now owns 83,993 shares of the semiconductor company’s stock worth $42,533,000 after buying an additional 224 shares during the period. Finally, Coldstream Capital Management Inc. lifted its stake in Synopsys by 19.8% during the third quarter. Coldstream Capital Management Inc. now owns 2,997 shares of the semiconductor company’s stock valued at $1,530,000 after buying an additional 496 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SNPS has been the topic of several analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $640.00 target price on shares of Synopsys in a research report on Thursday, December 5th. Berenberg Bank began coverage on shares of Synopsys in a research note on Tuesday, October 15th. They set a “buy” rating and a $660.00 target price on the stock. Robert W. Baird decreased their target price on Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Rosenblatt Securities reiterated a “buy” rating and set a $635.00 price target on shares of Synopsys in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. increased their price objective on Synopsys from $655.00 to $685.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $649.00.

Synopsys Price Performance

Shares of SNPS stock opened at $508.28 on Monday. Synopsys, Inc. has a fifty-two week low of $457.52 and a fifty-two week high of $629.38. The stock’s 50-day moving average is $530.98 and its two-hundred day moving average is $541.99. The firm has a market cap of $78.08 billion, a P/E ratio of 35.01, a PEG ratio of 3.41 and a beta of 1.08.

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.