Principal Financial Group Inc. Lowers Stock Position in Synopsys, Inc. $SNPS

Key Points

• Principal Financial Group cut its stake in Synopsys by 26.2%, selling 108,072 shares and ending the quarter with 304,694 shares worth about $143.12 million (≈0.16% of the company).
• Several analysts trimmed price targets, leaving a consensus rating of "Hold" with an average target of $531 and a split of 8 Buy / 8 Hold / 1 Sell among covering analysts.
• Synopsys beat expectations for the quarter with EPS of $3.77 (vs. $3.56 est.) and revenue of $2.41 billion (vs. $2.39B est., +65.6% YoY), and provided FY2026 EPS guidance of $14.38–$14.46.

Principal Financial Group Inc. decreased its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 26.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 304,694 shares of the semiconductor company's stock after selling 108,072 shares during the period. Principal Financial Group Inc. owned about 0.16% of Synopsys worth $143,121,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Synopsys by 5.7% in the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company's stock valued at $447,000 after purchasing an additional 50 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Synopsys by 11.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 760 shares of the semiconductor company's stock worth $326,000 after buying an additional 79 shares during the period. NewEdge Advisors LLC lifted its position in shares of Synopsys by 15.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,010 shares of the semiconductor company's stock valued at $1,291,000 after buying an additional 395 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of Synopsys by 9.2% during the 2nd quarter. WINTON GROUP Ltd now owns 758 shares of the semiconductor company's stock valued at $389,000 after buying an additional 64 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in Synopsys by 2.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 72,095 shares of the semiconductor company's stock valued at $36,962,000 after acquiring an additional 1,505 shares during the period. 85.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SNPS has been the subject of a number of research analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Synopsys in a research report on Thursday, January 22nd. Piper Sandler cut their target price on shares of Synopsys from $520.00 to $430.00 and set a "neutral" rating for the company in a research note on Thursday, February 26th. Wells Fargo & Company reduced their target price on Synopsys from $500.00 to $450.00 and set an "equal weight" rating for the company in a report on Thursday, February 26th. Needham & Company LLC reissued a "buy" rating on shares of Synopsys in a research note on Thursday, February 26th. Finally, Rosenblatt Securities reduced their price objective on Synopsys from $560.00 to $530.00 and set a "buy" rating on the stock in a research report on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $531.00.

Synopsys Stock Performance

Shares of SNPS stock opened at $504.42 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.36. The firm has a market cap of $96.63 billion, a P/E ratio of 78.33, a P/E/G ratio of 4.11 and a beta of 1.25. The firm's 50 day moving average price is $433.00 and its 200-day moving average price is $446.63. Synopsys, Inc. has a one year low of $376.18 and a one year high of $651.73.

Synopsys (NASDAQ:SNPS - Get Free Report) last posted its earnings results on Wednesday, February 25th. The semiconductor company reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.56 by $0.21. Synopsys had a net margin of 13.76% and a return on equity of 6.83%. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the firm earned $3.03 EPS. The firm's revenue for the quarter was up 65.6% on a year-over-year basis. 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 predict that Synopsys, Inc. will post 10.3 EPS for the current year.

Synopsys Company 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.

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