Atomi Financial Group Inc. Has $249,000 Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Atomi Financial Group Inc. reduced its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 28.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 512 shares of the semiconductor company’s stock after selling 207 shares during the period. Atomi Financial Group Inc.’s holdings in Synopsys were worth $249,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Crossmark Global Holdings Inc. raised its holdings in shares of Synopsys by 6.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 9,652 shares of the semiconductor company’s stock valued at $4,685,000 after purchasing an additional 563 shares during the last quarter. Aurora Investment Managers LLC. raised its position in shares of Synopsys by 2.3% in the 4th quarter. Aurora Investment Managers LLC. now owns 1,397 shares of the semiconductor company’s stock valued at $678,000 after buying an additional 32 shares in the last quarter. Trueblood Wealth Management LLC acquired a new stake in shares of Synopsys in the 4th quarter valued at $242,000. Diversify Advisory Services LLC acquired a new stake in shares of Synopsys in the 4th quarter valued at $877,000. Finally, Diversify Wealth Management LLC boosted its holdings in shares of Synopsys by 221.2% in the 4th quarter. Diversify Wealth Management LLC now owns 2,133 shares of the semiconductor company’s stock valued at $1,051,000 after purchasing an additional 1,469 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Trading Down 1.0 %

SNPS stock opened at $546.19 on Monday. The stock has a 50-day moving average price of $518.68 and a 200-day moving average price of $523.59. Synopsys, Inc. has a 1-year low of $457.52 and a 1-year high of $629.38. The firm has a market cap of $84.43 billion, a PE ratio of 37.62, a price-to-earnings-growth ratio of 3.57 and a beta of 1.12.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Mizuho assumed coverage on Synopsys in a report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price objective on the stock. Wells Fargo & Company cut their price objective on Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Berenberg Bank assumed coverage on Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 price objective on the stock. Redburn Atlantic initiated coverage on Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 price objective on the stock. Finally, Loop Capital initiated coverage on Synopsys in a report on Monday, November 11th. They set a “buy” rating and a $675.00 target price on the stock. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Synopsys presently has a consensus rating of “Moderate Buy” and an average price target of $641.82.

Insider Transactions at Synopsys

In related news, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $738,774.60. The trade was a 93.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.66% of the company’s stock.

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.