Retirement Systems of Alabama Has $19.48 Million Holdings in Synopsys, Inc. $SNPS

Retirement Systems of Alabama lifted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 19.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 39,474 shares of the semiconductor company’s stock after purchasing an additional 6,295 shares during the quarter. Retirement Systems of Alabama’s holdings in Synopsys were worth $19,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SNPS. Alpine Bank Wealth Management increased its holdings in shares of Synopsys by 89.3% in the third quarter. Alpine Bank Wealth Management now owns 53 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 25 shares during the last quarter. TFC Financial Management Inc. boosted its holdings in shares of 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 buying an additional 50 shares during the period. Millstone Evans Group LLC acquired a new position in Synopsys in the 3rd quarter valued at about $27,000. Independence Bank of Kentucky raised its holdings in Synopsys by 120.0% in the 2nd quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 30 shares during the period. Finally, SOA Wealth Advisors LLC. acquired a new stake in Synopsys during the third quarter worth approximately $28,000. Institutional investors own 85.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Needham & Company LLC upped their target price on Synopsys from $550.00 to $580.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Rosenblatt Securities raised Synopsys from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $605.00 to $560.00 in a report on Tuesday, December 9th. Bank of America raised Synopsys from an “underperform” rating to a “neutral” rating and dropped their target price for the stock from $525.00 to $500.00 in a report on Monday, December 8th. Zacks Research upgraded shares of Synopsys from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Synopsys from $600.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, December 11th. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $553.57.

Insiders Place Their Bets

In other news, 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 value of $132,500.00. Following the transaction, the insider owned 11,959 shares in the company, valued at approximately $6,338,270. This trade represents a 2.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Shelagh Glaser sold 3,657 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $460.77, for a total value of $1,685,035.89. Following the transaction, the chief financial officer directly owned 17,842 shares of the company’s stock, valued at $8,221,058.34. This trade represents a 17.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 4,157 shares of company stock worth $1,945,036. Company insiders own 0.62% of the company’s stock.

Synopsys Trading Up 0.3%

SNPS opened at $503.01 on Tuesday. The stock has a market capitalization of $96.24 billion, a price-to-earnings ratio of 62.95, a P/E/G ratio of 4.17 and a beta of 1.12. The company has a quick ratio of 1.52, a current ratio of 1.62 and a debt-to-equity ratio of 0.48. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The company has a 50-day simple moving average of $469.23 and a 200 day simple moving average of $503.17.

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 company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Synopsys had a net margin of 18.89% and a return on equity of 7.89%. The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the previous year, the company 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. Analysts predict that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

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.