Teachers Retirement System of The State of Kentucky Has $19.40 Million Stock Holdings in Synopsys, Inc. $SNPS

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,936 shares of the semiconductor company’s stock after selling 1,280 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Synopsys were worth $19,402,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. LGT Fund Management Co Ltd. increased its stake in shares of Synopsys by 121.1% in the 1st quarter. LGT Fund Management Co Ltd. now owns 1,216 shares of the semiconductor company’s stock valued at $482,000 after acquiring an additional 666 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Synopsys by 37.6% during the first quarter. International Assets Investment Management LLC now owns 139 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 38 shares in the last quarter. Associated Banc Corp bought a new position in Synopsys during the first quarter worth $358,000. Diversify Wealth Management LLC grew its holdings in Synopsys by 118.9% in the first quarter. Diversify Wealth Management LLC now owns 4,844 shares of the semiconductor company’s stock worth $1,921,000 after purchasing an additional 2,631 shares during the period. Finally, Carnegie Investment Counsel grew its holdings in Synopsys by 6.4% in the first quarter. Carnegie Investment Counsel now owns 17,355 shares of the semiconductor company’s stock worth $6,881,000 after purchasing an additional 1,051 shares during the period. 85.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SNPS. BNP Paribas Exane upped their price objective on shares of Synopsys from $425.00 to $450.00 and gave the company an “underperform” rating in a report on Thursday, May 28th. Morgan Stanley raised their target price on Synopsys from $480.00 to $525.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Bank of America upped their price target on Synopsys from $515.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Needham & Company LLC reissued a “buy” rating and issued a $580.00 price objective on shares of Synopsys in a research note on Thursday, May 28th. Finally, Robert W. Baird set a $558.00 price objective on Synopsys in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Synopsys has a consensus rating of “Moderate Buy” and an average target price of $570.06.

Synopsys Trading Down 2.6%

NASDAQ:SNPS opened at $433.82 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.43 and a quick ratio of 1.32. The firm has a 50-day moving average of $476.83 and a 200-day moving average of $460.27. The company has a market cap of $83.07 billion, a PE ratio of 100.42, a PEG ratio of 2.62 and a beta of 1.22. Synopsys, Inc. has a one year low of $376.18 and a one year high of $651.73.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $3.35 earnings per share 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 analysts’ expectations of $2.25 billion. Synopsys had a net margin of 8.91% and a return on equity of 5.83%. The firm’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.67 EPS. 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, equities research analysts expect that Synopsys, Inc. will post 10.65 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Shelagh Glaser sold 3,394 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $450.02, for a total value of $1,527,367.88. Following the completion of the sale, the chief financial officer directly owned 14,358 shares of the company’s stock, valued at approximately $6,461,387.16. This represents a 19.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 the firm’s 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 transaction, the chief executive officer owned 75,020 shares in the company, valued at approximately $34,431,179.20. This trade represents a 16.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 company insiders.

About Synopsys

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.