PNC Financial Services Group Inc. Has $15.87 Million Stock Holdings in Synopsys, Inc. $SNPS

PNC Financial Services Group Inc. trimmed its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 21.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,782 shares of the semiconductor company’s stock after selling 9,490 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Synopsys were worth $15,868,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SNPS. Millstone Evans Group LLC acquired a new stake in shares of Synopsys during the third quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Synopsys during the fourth quarter valued at about $28,000. Oakworth Capital Inc. boosted its stake in shares of Synopsys by 3,700.0% during the fourth quarter. Oakworth Capital Inc. now owns 76 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 74 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Synopsys during the third quarter worth about $38,000. Finally, N.E.W. Advisory Services LLC raised its position in shares of Synopsys by 128.6% during the fourth quarter. N.E.W. Advisory Services LLC now owns 80 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 45 shares during the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SNPS has been the subject of a number of analyst reports. The Goldman Sachs Group set a $600.00 price objective on Synopsys and gave the stock a “buy” rating in a research report on Wednesday, February 25th. HSBC downgraded Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price objective for the company. in a research report on Friday, February 20th. Citigroup raised their price objective on Synopsys from $580.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Piper Sandler lowered their price objective on Synopsys from $520.00 to $430.00 and set a “neutral” rating for the company in a research report on Thursday, February 26th. Finally, Rosenblatt Securities lowered their price objective on Synopsys from $560.00 to $530.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $536.00.

Synopsys Price Performance

Shares of SNPS opened at $524.74 on Friday. Synopsys, Inc. has a 1 year low of $376.18 and a 1 year high of $651.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.36 and a quick ratio of 1.26. The company has a market capitalization of $100.52 billion, a price-to-earnings ratio of 81.48, a price-to-earnings-growth ratio of 4.12 and a beta of 1.25. The business has a 50-day moving average of $451.00 and a 200-day moving average of $451.09.

Synopsys (NASDAQ:SNPS) last issued its earnings results on Wednesday, February 25th. The semiconductor company reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.56 by $0.21. The business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.39 billion. Synopsys had a return on equity of 6.83% and a net margin of 13.76%.The firm’s revenue for the quarter was up 65.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.03 earnings per share. Synopsys has set its FY 2026 guidance at 14.380-14.460 EPS and its Q2 2026 guidance at 3.110-3.170 EPS. As a group, equities research analysts anticipate that Synopsys, Inc. will post 10.3 earnings per share for the current year.

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.