State Street Corp Purchases 28,532 Shares of Synopsys, Inc. $SNPS

State Street Corp grew its position in Synopsys, Inc. (NASDAQ:SNPS) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,788,890 shares of the semiconductor company’s stock after acquiring an additional 28,532 shares during the quarter. State Street Corp owned 4.59% of Synopsys worth $4,128,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in SNPS. Empirical Asset Management LLC bought a new position in Synopsys in the 3rd quarter valued at $773,000. China Universal Asset Management Co. Ltd. grew its position in Synopsys by 31.8% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 14,810 shares of the semiconductor company’s stock valued at $6,957,000 after acquiring an additional 3,575 shares during the last quarter. SeaTown Holdings Pte. Ltd. grew its position in Synopsys by 55.9% in the 4th quarter. SeaTown Holdings Pte. Ltd. now owns 22,300 shares of the semiconductor company’s stock valued at $10,475,000 after acquiring an additional 8,000 shares during the last quarter. Vanguard Group Inc. grew its position in Synopsys by 20.7% in the 3rd quarter. Vanguard Group Inc. now owns 18,181,185 shares of the semiconductor company’s stock valued at $8,970,415,000 after acquiring an additional 3,120,401 shares during the last quarter. Finally, Norges Bank bought a new position in Synopsys in the 4th quarter valued at $730,197,000. Institutional investors own 85.47% of the company’s stock.

Synopsys Price Performance

Shares of SNPS stock opened at $453.89 on Friday. Synopsys, Inc. has a twelve month low of $376.18 and a twelve month high of $651.73. The stock has a market capitalization of $86.91 billion, a price-to-earnings ratio of 105.07, a P/E/G ratio of 2.68 and a beta of 1.22. The stock has a fifty day simple moving average of $473.57 and a two-hundred day simple moving average of $460.43. The company has a current ratio of 1.43, a quick ratio of 1.32 and a debt-to-equity ratio of 0.33.

Synopsys (NASDAQ:SNPS) last issued its earnings results on Wednesday, May 27th. The semiconductor company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.20. Synopsys had a return on equity of 5.83% and a net margin of 8.91%.The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the prior year, the business earned $3.67 EPS. The business’s revenue for the quarter was up 41.9% compared to the same quarter last year. 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, analysts predict that Synopsys, Inc. will post 10.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on SNPS shares. Wells Fargo & Company upped their price objective on Synopsys from $505.00 to $535.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. BNP Paribas Exane upped their price objective on Synopsys from $425.00 to $450.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th. Bank of America upped their price objective on Synopsys from $515.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Morgan Stanley upped their target price on Synopsys from $480.00 to $525.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Finally, Robert W. Baird set a $558.00 target price on Synopsys in a report on Thursday, May 28th. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $563.81.

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.