Texas Permanent School Fund Corp Has $5.56 Million Stock Position in Synopsys, Inc. $SNPS

Texas Permanent School Fund Corp lessened its stake in Synopsys, Inc. (NASDAQ:SNPS) by 35.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,853 shares of the semiconductor company’s stock after selling 5,932 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Synopsys were worth $5,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Saudi Central Bank acquired a new stake in shares of Synopsys in the first quarter valued at approximately $26,000. Independence Bank of Kentucky lifted its holdings in Synopsys by 120.0% during the 2nd quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock worth $28,000 after buying an additional 30 shares in the last quarter. Princeton Global Asset Management LLC boosted its position in Synopsys by 481.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 53 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of Synopsys in the 1st quarter valued at $34,000. Finally, AlphaQuest LLC increased its stake in shares of Synopsys by 423.1% in the 2nd quarter. AlphaQuest LLC now owns 68 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 55 shares during the period. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Synopsys

In related news, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the sale, the chief accounting officer owned 20,520 shares of the company’s stock, valued at approximately $10,278,468. This trade represents a 32.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.62% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on SNPS. Mizuho cut their price target on Synopsys from $700.00 to $600.00 and set an “outperform” rating on the stock in a research note on Thursday, September 11th. Wall Street Zen raised Synopsys from a “sell” rating to a “hold” rating in a report on Saturday. Citigroup initiated coverage on shares of Synopsys in a research note on Monday, November 24th. They issued a “buy” rating and a $580.00 target price on the stock. KeyCorp lifted their price target on shares of Synopsys from $575.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Finally, The Goldman Sachs Group cut their price objective on shares of Synopsys from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. Eleven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $562.13.

Synopsys Stock Performance

Shares of NASDAQ:SNPS opened at $463.34 on Wednesday. The firm’s 50 day simple moving average is $434.95 and its 200 day simple moving average is $504.43. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $651.73. The company has a market capitalization of $86.07 billion, a price-to-earnings ratio of 57.99, a P/E/G ratio of 3.78 and a beta of 1.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.62 and a quick ratio of 1.52.

Synopsys (NASDAQ:SNPS) last issued its earnings results on Wednesday, December 10th. The semiconductor company reported $2.90 EPS for the quarter, beating the consensus estimate of $2.79 by $0.11. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.25 billion. Synopsys had a net margin of 18.89% and a return on equity of 7.89%. The business’s quarterly revenue was up 37.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.40 earnings per share. Synopsys has set its FY 2026 guidance at 14.320-14.400 EPS and its Q1 2026 guidance at 3.520-3.580 EPS. As a group, sell-side analysts forecast that Synopsys, Inc. will post 10.64 earnings per share for the current year.

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.