OneDigital Investment Advisors LLC Trims Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

OneDigital Investment Advisors LLC lowered its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,546 shares of the semiconductor company’s stock after selling 35 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Synopsys were worth $1,236,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Kieckhefer Group LLC purchased a new position in Synopsys during the 4th quarter valued at about $27,000. Whipplewood Advisors LLC bought a new position in shares of Synopsys during the fourth quarter valued at approximately $33,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Synopsys during the fourth quarter valued at approximately $34,000. Sierra Ocean LLC bought a new stake in shares of Synopsys in the 4th quarter worth approximately $39,000. Finally, Hazlett Burt & Watson Inc. grew its stake in shares of Synopsys by 28.6% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company’s stock worth $44,000 after buying an additional 20 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.

Analysts Set New Price Targets

SNPS has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. KeyCorp cut their price objective on shares of Synopsys from $690.00 to $555.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Redburn Atlantic initiated coverage on shares of Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $660.00 target price on shares of Synopsys in a research note on Tuesday, February 25th. Finally, Needham & Company LLC reissued a “buy” rating and set a $650.00 price target on shares of Synopsys in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Synopsys has an average rating of “Moderate Buy” and a consensus price target of $618.31.

Insiders Place Their Bets

In related news, CEO Sassine Ghazi sold 11,366 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $463.75, for a total value of $5,270,982.50. Following the completion of the sale, the chief executive officer now directly owns 70,922 shares of the company’s stock, valued at approximately $32,890,077.50. This represents a 13.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Geus Aart De sold 15,705 shares of Synopsys stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the transaction, the insider now directly owns 116,671 shares in the company, valued at $51,850,925.82. This represents a 11.86 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Synopsys Trading Up 3.9 %

SNPS opened at $438.90 on Friday. The company’s 50 day moving average is $438.23 and its 200 day moving average is $492.97. The company has a market cap of $67.86 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 3.23 and a beta of 1.23. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $624.80.

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.