ING Groep NV Sells 9,316 Shares of Synopsys, Inc. $SNPS

ING Groep NV decreased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 82.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,919 shares of the semiconductor company’s stock after selling 9,316 shares during the period. ING Groep NV’s holdings in Synopsys were worth $901,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SNPS. Cookson Peirce & Co. Inc. bought a new position in Synopsys during the 4th quarter valued at $3,751,000. Havemeyer Place LP bought a new stake in shares of Synopsys in the 4th quarter worth $2,721,000. 111 Capital purchased a new stake in shares of Synopsys in the fourth quarter valued at about $1,590,000. MCF Advisors LLC raised its holdings in shares of Synopsys by 17.8% in the fourth quarter. MCF Advisors LLC now owns 172 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 26 shares during the last quarter. Finally, Pinebridge Investments LLC bought a new position in shares of Synopsys during the fourth quarter valued at about $121,583,000. 85.47% of the stock is owned by hedge funds and other institutional investors.

Synopsys Price Performance

Shares of NASDAQ:SNPS opened at $460.54 on Thursday. The company has a market capitalization of $88.18 billion, a P/E ratio of 106.61, a price-to-earnings-growth ratio of 2.73 and a beta of 1.22. The company’s 50-day moving average is $471.23 and its 200 day moving average is $459.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.32 and a current ratio of 1.43. Synopsys, Inc. has a fifty-two week low of $376.18 and a fifty-two week high of $651.73.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.20. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.25 billion. Synopsys had a net margin of 8.91% and a return on equity of 5.83%. The firm’s quarterly revenue was up 41.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.67 earnings per share. Synopsys has set its FY 2026 guidance at 14.720-14.800 EPS and its Q3 2026 guidance at 3.630-3.690 EPS. On average, equities research analysts forecast that Synopsys, Inc. will post 10.65 earnings per share for the current year.

Analysts Set New Price Targets

SNPS has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Synopsys from $505.00 to $535.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. KeyCorp reiterated an “overweight” rating on shares of Synopsys in a research note on Thursday, May 28th. Citigroup lifted their target price on shares of Synopsys from $600.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. HSBC downgraded Synopsys from a “buy” rating to a “hold” rating and set a $455.00 target price on the stock. in a research note on Friday, February 20th. Finally, Morgan Stanley increased their price target on Synopsys from $480.00 to $525.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $563.81.

Synopsys Company Profile

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.