PNC Financial Services Group Inc. Sells 9,490 Shares of Synopsys, Inc. $SNPS

PNC Financial Services Group Inc. reduced its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 21.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. 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 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in Synopsys in the third quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Synopsys in the fourth quarter valued at approximately $28,000. Oakworth Capital Inc. grew its stake in Synopsys by 3,700.0% in the fourth quarter. Oakworth Capital Inc. now owns 76 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 74 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in Synopsys in the third quarter valued at approximately $38,000. Finally, N.E.W. Advisory Services LLC grew its stake in Synopsys by 128.6% in the fourth quarter. N.E.W. Advisory Services LLC now owns 80 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 45 shares during the period. 85.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SNPS has been the subject of a number of research reports. Piper Sandler reduced their price objective on Synopsys from $520.00 to $430.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Rosenblatt Securities reduced their price objective on Synopsys from $560.00 to $530.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Wells Fargo & Company raised their price objective on Synopsys from $450.00 to $505.00 and gave the company an “equal weight” rating in a research note on Thursday, May 14th. The Goldman Sachs Group set a $600.00 price objective on Synopsys and gave the company a “buy” rating in a research note on Wednesday, February 25th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Synopsys in a research note on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $536.00.

Synopsys Stock Up 4.1%

Shares of NASDAQ:SNPS opened at $524.74 on Friday. The stock has a market cap of $100.52 billion, a price-to-earnings ratio of 81.48, a PEG ratio of 4.12 and a beta of 1.25. The company has a quick ratio of 1.26, a current ratio of 1.36 and a debt-to-equity ratio of 0.33. Synopsys, Inc. has a 12-month low of $376.18 and a 12-month high of $651.73. The business’s 50 day moving average is $451.00 and its 200 day moving average is $451.09.

Synopsys (NASDAQ:SNPS) last announced its earnings results on Wednesday, February 25th. The semiconductor company reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.56 by $0.21. The company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Synopsys had a return on equity of 6.83% and a net margin of 13.76%.Synopsys’s quarterly revenue was up 65.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. On average, sell-side analysts forecast that Synopsys, Inc. will post 10.3 earnings per share 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.