State of Michigan Retirement System Buys 1,300 Shares of Synopsys, Inc. $SNPS

State of Michigan Retirement System grew its position in Synopsys, Inc. (NASDAQ:SNPS) by 2.7% in the first quarter, Holdings Channel reports. The fund owned 49,954 shares of the semiconductor company’s stock after acquiring an additional 1,300 shares during the quarter. State of Michigan Retirement System’s holdings in Synopsys were worth $19,806,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SNPS. Sankala Group LLC bought a new position in Synopsys in the fourth quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Synopsys in the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd bought a new position in Synopsys in the 4th quarter valued at approximately $28,000. Atlas Capital Advisors Inc. acquired a new stake in Synopsys during the 4th quarter worth approximately $32,000. Finally, Osbon Capital Management LLC acquired a new stake in Synopsys during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Stock Down 1.8%

Shares of NASDAQ:SNPS opened at $425.90 on Wednesday. The company has a market capitalization of $81.55 billion, a price-to-earnings ratio of 98.59, a P/E/G ratio of 2.55 and a beta of 1.22. 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 business’s 50-day moving average is $475.30 and its 200-day moving average is $459.92. Synopsys, Inc. has a 1 year low of $376.18 and a 1 year high of $651.73.

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

Wall Street Analysts Forecast Growth

SNPS has been the topic of a number of recent research reports. Berenberg Bank set a $633.00 price target on shares of Synopsys in a report on Wednesday, May 27th. Robert W. Baird set a $558.00 target price on Synopsys in a research report on Thursday, May 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $580.00 target price on shares of Synopsys in a report on Thursday, May 28th. Bank of America upped their price target on Synopsys from $515.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Piper Sandler raised Synopsys from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $450.00 to $550.00 in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $570.06.

Insider Activity at Synopsys

In related news, CFO Shelagh Glaser sold 3,394 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $450.02, for a total transaction of $1,527,367.88. Following the transaction, the chief financial officer directly owned 14,358 shares of the company’s stock, valued at $6,461,387.16. This represents a 19.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $458.96, for a total transaction of $6,702,192.88. Following the completion of the sale, the chief executive officer owned 75,020 shares of the company’s stock, valued at $34,431,179.20. The trade was a 16.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Company insiders own 0.56% of the company’s stock.

Synopsys 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.