Truist Financial Corp Increases Stock Holdings in Synopsys, Inc. $SNPS

Truist Financial Corp increased its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 25.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,972 shares of the semiconductor company’s stock after buying an additional 4,990 shares during the period. Truist Financial Corp’s holdings in Synopsys were worth $12,321,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management lifted its holdings in shares of Synopsys by 89.3% in the third quarter. Alpine Bank Wealth Management now owns 53 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 25 shares in the last quarter. TFC Financial Management Inc. raised its position in shares of Synopsys by 1,250.0% during the 3rd quarter. TFC Financial Management Inc. now owns 54 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in Synopsys in the 3rd quarter valued at approximately $27,000. SOA Wealth Advisors LLC. acquired a new stake in Synopsys during the 3rd quarter valued at $28,000. Finally, McIlrath & Eck LLC acquired a new stake in Synopsys during the 3rd quarter valued at $29,000. 85.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SNPS shares. Wells Fargo & Company boosted their price target on Synopsys from $445.00 to $500.00 and gave the stock an “equal weight” rating in a report on Thursday, December 11th. Bank of America raised shares of Synopsys from an “underperform” rating to a “neutral” rating and cut their target price for the company from $525.00 to $500.00 in a research note on Monday, December 8th. Zacks Research upgraded shares of Synopsys from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Rosenblatt Securities upgraded shares of Synopsys from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $605.00 to $560.00 in a report on Tuesday, December 9th. Finally, Citigroup began coverage on shares of Synopsys in a research report on Monday, November 24th. They issued a “buy” rating and a $580.00 price objective for the company. Nine equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $553.57.

Insider Activity

In other news, CFO Shelagh Glaser sold 3,657 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $460.77, for a total transaction of $1,685,035.89. Following the completion of the sale, the chief financial officer owned 17,842 shares in the company, valued at approximately $8,221,058.34. The trade was a 17.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Janet Lee sold 250 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $530.00, for a total transaction of $132,500.00. Following the sale, the insider directly owned 11,959 shares of the company’s stock, valued at approximately $6,338,270. This trade represents a 2.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,157 shares of company stock worth $1,945,036 over the last ninety days. Corporate insiders own 0.62% of the company’s stock.

Synopsys Stock Performance

NASDAQ:SNPS opened at $465.11 on Friday. The company has a market cap of $88.98 billion, a P/E ratio of 58.21, a P/E/G ratio of 4.00 and a beta of 1.12. The firm’s 50 day moving average is $477.53 and its two-hundred day moving average is $501.61. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $651.73. 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 released 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. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.25 billion. Synopsys had a return on equity of 7.89% and a net margin of 18.89%.The business’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.40 EPS. Synopsys has set its FY 2026 guidance at 14.320-14.400 EPS and its Q1 2026 guidance at 3.520-3.580 EPS. Analysts expect that Synopsys, Inc. will post 10.64 EPS 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.