Lionshead Wealth Management LLC Makes New $560,000 Investment in Synopsys, Inc. (NASDAQ:SNPS)

Lionshead Wealth Management LLC acquired a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 1,153 shares of the semiconductor company’s stock, valued at approximately $560,000.

A number of other hedge funds also recently added to or reduced their stakes in SNPS. Wealth Enhancement Advisory Services LLC lifted its position in Synopsys by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,998 shares of the semiconductor company’s stock worth $9,620,000 after acquiring an additional 264 shares during the period. Harbor Capital Advisors Inc. lifted its position in Synopsys by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,691 shares of the semiconductor company’s stock worth $821,000 after acquiring an additional 41 shares during the period. Graypoint LLC lifted its position in Synopsys by 2.9% during the 4th quarter. Graypoint LLC now owns 1,100 shares of the semiconductor company’s stock worth $534,000 after acquiring an additional 31 shares during the period. Czech National Bank lifted its holdings in shares of Synopsys by 6.7% in the 4th quarter. Czech National Bank now owns 33,307 shares of the semiconductor company’s stock valued at $16,166,000 after buying an additional 2,096 shares during the period. Finally, Kieckhefer Group LLC acquired a new stake in shares of Synopsys in the 4th quarter valued at approximately $27,000. 85.47% of the stock is owned by institutional investors and hedge funds.

Synopsys Price Performance

NASDAQ SNPS opened at $482.69 on Monday. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $624.80. The company has a market capitalization of $74.63 billion, a P/E ratio of 33.24, a PEG ratio of 3.23 and a beta of 1.16. The business has a 50 day moving average price of $437.18 and a 200 day moving average price of $489.02.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SNPS. Needham & Company LLC reissued a “buy” rating and issued a $650.00 price target on shares of Synopsys in a report on Thursday, February 27th. Bank of America reduced their price target on Synopsys from $630.00 to $560.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Piper Sandler reduced their price target on Synopsys from $655.00 to $653.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Stifel Nicolaus set a $550.00 price target on Synopsys in a report on Monday, April 28th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $660.00 price target on shares of Synopsys in a report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Synopsys presently has an average rating of “Moderate Buy” and an average price target of $613.43.

Insider Activity at Synopsys

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