Teacher Retirement System of Texas Has $13.89 Million Stock Holdings in Synopsys, Inc. $SNPS

Teacher Retirement System of Texas cut its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 62.0% in the second quarter, Holdings Channel.com reports. The fund owned 27,089 shares of the semiconductor company’s stock after selling 44,239 shares during the quarter. Teacher Retirement System of Texas’ holdings in Synopsys were worth $13,888,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. HBW Advisory Services LLC lifted its stake in Synopsys by 494.9% in the second quarter. HBW Advisory Services LLC now owns 3,611 shares of the semiconductor company’s stock valued at $1,851,000 after acquiring an additional 3,004 shares during the last quarter. Westbourne Investments Inc. acquired a new stake in Synopsys in the second quarter valued at approximately $1,505,000. Bourgeon Capital Management LLC acquired a new stake in Synopsys in the second quarter valued at approximately $451,000. North Star Asset Management Inc. lifted its stake in Synopsys by 3.6% in the first quarter. North Star Asset Management Inc. now owns 60,270 shares of the semiconductor company’s stock valued at $25,847,000 after acquiring an additional 2,082 shares during the last quarter. Finally, SlateStone Wealth LLC lifted its stake in Synopsys by 467.8% in the first quarter. SlateStone Wealth LLC now owns 10,220 shares of the semiconductor company’s stock valued at $4,383,000 after acquiring an additional 8,420 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wall Street Zen cut shares of Synopsys from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Wells Fargo & Company reduced their price objective on shares of Synopsys from $630.00 to $550.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 10th. Mizuho reduced their price objective on shares of Synopsys from $700.00 to $600.00 and set an “outperform” rating for the company in a research note on Thursday, September 11th. The Goldman Sachs Group reduced their price objective on shares of Synopsys from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Wednesday, September 10th. Finally, Robert W. Baird restated a “neutral” rating and issued a $535.00 price objective (down from $670.00) on shares of Synopsys in a research note on Wednesday, September 10th. Ten analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Synopsys has a consensus rating of “Hold” and an average target price of $569.67.

Synopsys Trading Down 1.8%

Shares of SNPS stock opened at $456.83 on Wednesday. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $651.73. The firm’s fifty day simple moving average is $503.24 and its 200 day simple moving average is $514.27. The firm has a market capitalization of $84.86 billion, a P/E ratio of 35.86, a price-to-earnings-growth ratio of 5.13 and a beta of 1.10. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52.

Synopsys (NASDAQ:SNPS) last announced its earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.75 by ($1.45). Synopsys had a return on equity of 10.82% and a net margin of 31.04%.The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the firm posted $3.43 EPS. The company’s revenue was up 14.0% compared to the same quarter last year. Synopsys has set its FY 2025 guidance at 12.760-12.800 EPS. Q4 2025 guidance at 2.760-2.80 EPS. As a group, sell-side analysts predict that Synopsys, Inc. will post 10.64 EPS for the current year.

Insider Activity at Synopsys

In related news, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $589.01, for a total transaction of $6,694,687.66. Following the transaction, the chief executive officer owned 71,615 shares of the company’s stock, valued at approximately $42,181,951.15. The trade was a 13.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Shelagh Glaser sold 3,655 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $609.77, for a total transaction of $2,228,709.35. Following the transaction, the chief financial officer directly owned 15,317 shares in the company, valued at $9,339,847.09. This trade represents a 19.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 30,894 shares of company stock worth $16,760,783. 0.62% of the stock is owned by insiders.

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.