PNC Financial Services Group Inc. Grows Position in Synopsys, Inc. $SNPS

PNC Financial Services Group Inc. raised its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 35.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,272 shares of the semiconductor company’s stock after purchasing an additional 11,266 shares during the period. PNC Financial Services Group Inc.’s holdings in Synopsys were worth $21,350,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Alpine Bank Wealth Management lifted its position in shares of Synopsys by 89.3% during the third quarter. Alpine Bank Wealth Management now owns 53 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 25 shares in the last quarter. TFC Financial Management Inc. lifted its holdings in Synopsys by 1,250.0% during the 3rd quarter. TFC Financial Management Inc. now owns 54 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 50 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in Synopsys during the 3rd quarter worth about $27,000. SOA Wealth Advisors LLC. bought a new position in Synopsys in the 3rd quarter worth about $28,000. Finally, McIlrath & Eck LLC purchased a new position in Synopsys during the 3rd quarter valued at about $29,000. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Synopsys Stock Down 3.5%

SNPS opened at $421.95 on Wednesday. The business’s fifty day simple moving average is $475.68 and its 200 day simple moving average is $485.88. Synopsys, Inc. has a 52 week low of $365.74 and a 52 week high of $651.73. The company has a quick ratio of 1.52, a current ratio of 1.62 and a debt-to-equity ratio of 0.48. The stock has a market cap of $80.73 billion, a PE ratio of 52.81, a P/E/G ratio of 3.64 and a beta of 1.12.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Wednesday, December 10th. The semiconductor company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.79 by $0.11. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Synopsys had a return on equity of 7.89% and a net margin of 18.89%.The company’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.40 EPS. 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, research analysts expect that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Synopsys from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Needham & Company LLC raised their price target on shares of Synopsys from $550.00 to $580.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Bank of America raised shares of Synopsys from an “underperform” rating to a “neutral” rating and decreased their price target for the stock from $525.00 to $500.00 in a report on Monday, December 8th. Citigroup initiated coverage on Synopsys in a research report on Monday, November 24th. They issued a “buy” rating and a $580.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Synopsys from $600.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Synopsys has an average rating of “Moderate Buy” and a consensus target price of $553.57.

Insider Activity at Synopsys

In other news, CFO Shelagh Glaser sold 3,657 shares of the company’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $460.77, for a total value of $1,685,035.89. Following the completion of the sale, the chief financial officer owned 17,842 shares of the company’s stock, valued at approximately $8,221,058.34. This represents a 17.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Janet Lee sold 250 shares of Synopsys stock in a transaction on Monday, January 12th. The stock was sold at an average price of $530.00, for a total transaction of $132,500.00. Following the completion of the transaction, the insider owned 11,959 shares in the company, valued at approximately $6,338,270. The trade was a 2.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 4,157 shares of company stock worth $1,945,036 over the last three months. Insiders own 0.62% of the company’s stock.

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.