QRG Capital Management Inc. Has $8.47 Million Stock Position in Synopsys, Inc. $SNPS

QRG Capital Management Inc. cut its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 12.1% in the third quarter, Holdings Channel reports. The firm owned 17,174 shares of the semiconductor company’s stock after selling 2,364 shares during the quarter. QRG Capital Management Inc.’s holdings in Synopsys were worth $8,474,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Synopsys by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 15,060,784 shares of the semiconductor company’s stock worth $7,721,363,000 after buying an additional 231,014 shares during the period. State Street Corp grew its holdings in Synopsys by 1.2% during the second quarter. State Street Corp now owns 7,266,446 shares of the semiconductor company’s stock valued at $3,725,362,000 after purchasing an additional 85,662 shares during the period. Geode Capital Management LLC increased its stake in Synopsys by 1.5% in the second quarter. Geode Capital Management LLC now owns 3,545,892 shares of the semiconductor company’s stock valued at $1,810,214,000 after purchasing an additional 51,043 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Synopsys by 29.1% in the second quarter. Ameriprise Financial Inc. now owns 2,598,874 shares of the semiconductor company’s stock worth $1,333,095,000 after purchasing an additional 585,494 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of Synopsys by 10.9% during the second quarter. Alliancebernstein L.P. now owns 1,913,001 shares of the semiconductor company’s stock worth $980,757,000 after purchasing an additional 187,790 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insider Activity

In related news, insider Janet Lee sold 250 shares of Synopsys stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $530.00, for a total value of $132,500.00. Following the sale, the insider owned 11,959 shares of the company’s stock, valued at approximately $6,338,270. The trade was a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shelagh Glaser sold 3,657 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,157 shares of company stock valued at $1,945,036 in the last 90 days. 0.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Synopsys in a research report on Wednesday, October 8th. Piper Sandler lowered Synopsys from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $602.00 to $520.00 in a report on Tuesday. KeyCorp boosted their price objective on Synopsys from $575.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. JPMorgan Chase & Co. raised their target price on shares of Synopsys from $600.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. Finally, Bank of America raised shares of Synopsys from an “underperform” rating to a “neutral” rating and cut their price target for the company from $525.00 to $500.00 in a research note on Monday, December 8th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $553.57.

Synopsys Trading Up 1.6%

NASDAQ:SNPS opened at $516.31 on Friday. The company has a market cap of $98.78 billion, a P/E ratio of 64.62, a price-to-earnings-growth ratio of 4.30 and a beta of 1.12. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The business has a 50 day moving average price of $455.35 and a two-hundred day moving average price of $504.95. 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 (NASDAQ:SNPS) last announced its quarterly earnings data on Wednesday, December 10th. The semiconductor company reported $2.90 EPS for the quarter, topping analysts’ consensus estimates of $2.79 by $0.11. Synopsys had a net margin of 18.89% and a return on equity of 7.89%. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the previous year, the firm posted $3.40 earnings per share. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. Synopsys has set its FY 2026 guidance at 14.320-14.400 EPS and its Q1 2026 guidance at 3.520-3.580 EPS. As a group, analysts expect that Synopsys, Inc. will post 10.64 EPS for the current fiscal 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.