State of Michigan Retirement System Acquires 1,300 Shares of Synopsys, Inc. $SNPS

by · The Markets Daily

State of Michigan Retirement System grew its holdings in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 2.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,954 shares of the semiconductor company’s stock after buying an additional 1,300 shares during the period. State of Michigan Retirement System’s holdings in Synopsys were worth $19,806,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chicago Partners Investment Group LLC boosted its holdings in shares of Synopsys by 46.4% during the first quarter. Chicago Partners Investment Group LLC now owns 1,638 shares of the semiconductor company’s stock worth $649,000 after acquiring an additional 519 shares during the period. J. Safra Sarasin Holding AG lifted its holdings in Synopsys by 2.3% during the 1st quarter. J. Safra Sarasin Holding AG now owns 46,126 shares of the semiconductor company’s stock worth $18,271,000 after purchasing an additional 1,015 shares during the last quarter. LGT Fund Management Co Ltd. lifted its holdings in Synopsys by 121.1% during the 1st quarter. LGT Fund Management Co Ltd. now owns 1,216 shares of the semiconductor company’s stock worth $482,000 after purchasing an additional 666 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Synopsys by 37.6% in the 1st quarter. International Assets Investment Management LLC now owns 139 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 38 shares during the period. Finally, Associated Banc Corp bought a new stake in Synopsys in the 1st quarter valued at $358,000. 85.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Synopsys

In other Synopsys news, CFO Shelagh Glaser sold 3,394 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $450.02, for a total transaction of $1,527,367.88. Following the completion of the sale, the chief financial officer directly owned 14,358 shares in the company, valued at $6,461,387.16. This represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sassine Ghazi sold 14,603 shares of Synopsys stock in a transaction 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 owned 75,020 shares in the company, valued at approximately $34,431,179.20. The trade was a 16.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. 0.56% of the stock is owned by corporate insiders.

Synopsys Trading Down 1.8%

SNPS opened at $425.90 on Wednesday. The stock has a market capitalization of $81.55 billion, a price-to-earnings ratio of 98.59, a P/E/G ratio of 2.55 and a beta of 1.22. The company has a quick ratio of 1.32, a current ratio of 1.43 and a debt-to-equity ratio of 0.33. Synopsys, Inc. has a twelve month low of $376.18 and a twelve month high of $651.73. The company has a 50-day simple moving average of $475.30 and a 200 day simple moving average of $459.92.

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

Analysts Set New Price Targets

Several research firms have weighed in on SNPS. Robert W. Baird set a $558.00 price objective on Synopsys in a research report on Thursday, May 28th. Piper Sandler upgraded shares of Synopsys from a “neutral” rating to an “overweight” rating and upped their price target for the company from $450.00 to $550.00 in a research note on Tuesday, June 23rd. Zacks Research raised shares of Synopsys from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Citigroup lifted their price objective on shares of Synopsys from $600.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Berenberg Bank set a $633.00 price objective on shares of Synopsys in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $570.06.

View Our Latest Report on Synopsys

About Synopsys

(Free Report)

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.

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