Teachers Retirement System of The State of Kentucky Decreases Stake in Synopsys, Inc. $SNPS

Teachers Retirement System of The State of Kentucky lowered its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 2.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 48,936 shares of the semiconductor company’s stock after selling 1,280 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Synopsys were worth $19,402,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SNPS. Sankala Group LLC bought a new stake in Synopsys during the fourth quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Synopsys in the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd bought a new position in Synopsys in the 4th quarter valued at $28,000. Atlas Capital Advisors Inc. bought a new position in Synopsys in the 4th quarter valued at $32,000. Finally, Osbon Capital Management LLC purchased a new stake in shares of Synopsys during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SNPS shares. Berenberg Bank set a $633.00 price target on shares of Synopsys in a report on Wednesday, May 27th. Wells Fargo & Company raised their price objective on shares of Synopsys from $505.00 to $535.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Zacks Research raised shares of Synopsys from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Citigroup boosted their target price on shares of Synopsys from $600.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Morgan Stanley increased their target price on shares of Synopsys from $480.00 to $525.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $570.06.

Insider Buying and Selling

In related news, CEO Sassine Ghazi sold 14,603 shares of Synopsys stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $458.96, for a total value of $6,702,192.88. Following the completion of the transaction, the chief executive officer directly owned 75,020 shares in the company, valued at approximately $34,431,179.20. The trade was a 16.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Shelagh Glaser sold 3,394 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $450.02, for a total transaction of $1,527,367.88. Following the sale, the chief financial officer directly owned 14,358 shares in the company, valued at $6,461,387.16. The trade was a 19.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.56% of the company’s stock.

Synopsys Trading Down 2.6%

Shares of SNPS opened at $433.82 on Tuesday. Synopsys, Inc. has a fifty-two week low of $376.18 and a fifty-two week high of $651.73. The business has a 50-day moving average of $476.83 and a 200 day moving average of $460.27. The firm has a market cap of $83.07 billion, a P/E ratio of 100.42, a price-to-earnings-growth ratio of 2.62 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.32 and a current ratio of 1.43.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $3.35 EPS for the quarter, beating the consensus estimate of $3.15 by $0.20. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. Synopsys had a net margin of 8.91% and a return on equity of 5.83%. The company’s revenue was up 41.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.67 earnings per share. Synopsys has set its FY 2026 guidance at 14.720-14.800 EPS and its Q3 2026 guidance at 3.630-3.690 EPS. As a group, research analysts forecast that Synopsys, Inc. will post 10.65 EPS for the current year.

Synopsys Profile

Synopsys, Inc is a leading provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) used to design, verify and manufacture integrated circuits and complex systems-on-chip (SoCs). Its product portfolio spans tools and technologies for front‑end design and synthesis, simulation and verification, physical implementation and signoff, and design-for-manufacturability, enabling chip designers to move from architecture through tape‑out.

In addition to core EDA offerings, Synopsys supplies a broad set of semiconductor IP building blocks — such as interface, memory and analog/mixed-signal cores — that customers integrate into SoCs to accelerate development.