VIRGINIA RETIREMENT SYSTEMS ET Al Sells 4,600 Shares of Synaptics Incorporated $SYNA

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 32.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,776 shares of the software maker’s stock after selling 4,600 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Synaptics were worth $724,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SYNA. Ameriprise Financial Inc. grew its stake in shares of Synaptics by 10.0% during the third quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock valued at $446,241,000 after purchasing an additional 594,235 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Synaptics by 186.2% during the second quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock valued at $28,744,000 after purchasing an additional 288,523 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Synaptics by 51.1% during the third quarter. JPMorgan Chase & Co. now owns 544,973 shares of the software maker’s stock valued at $37,243,000 after purchasing an additional 184,303 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of Synaptics by 376.6% during the second quarter. Squarepoint Ops LLC now owns 198,269 shares of the software maker’s stock valued at $12,852,000 after purchasing an additional 156,671 shares during the last quarter. Finally, M&T Bank Corp grew its stake in shares of Synaptics by 3,222.9% during the fourth quarter. M&T Bank Corp now owns 107,562 shares of the software maker’s stock valued at $7,962,000 after purchasing an additional 104,325 shares during the last quarter. 99.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Synaptics

In other Synaptics news, insider Lisa Bodensteiner sold 1,798 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $81.87, for a total value of $147,202.26. Following the sale, the insider directly owned 65,183 shares in the company, valued at approximately $5,336,532.21. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Vikram Gupta sold 1,548 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $92.90, for a total transaction of $143,809.20. Following the completion of the sale, the insider owned 87,382 shares in the company, valued at approximately $8,117,787.80. This trade represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 7,348 shares of company stock worth $618,827. Company insiders own 0.50% of the company’s stock.

Synaptics Stock Performance

SYNA opened at $128.23 on Monday. The firm’s fifty day moving average is $84.78 and its two-hundred day moving average is $80.20. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.39 and a current ratio of 3.04. The firm has a market cap of $4.95 billion, a PE ratio of -103.41, a price-to-earnings-growth ratio of 4.42 and a beta of 1.86. Synaptics Incorporated has a twelve month low of $57.54 and a twelve month high of $134.27.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $294.20 million for the quarter, compared to analyst estimates of $290.51 million. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.32%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $0.90 earnings per share. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities research analysts anticipate that Synaptics Incorporated will post 1.21 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on SYNA. JPMorgan Chase & Co. increased their price target on shares of Synaptics from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $125.00 price target on shares of Synaptics in a research note on Friday, May 8th. Zacks Research raised shares of Synaptics from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. Craig Hallum reissued a “hold” rating and set a $95.00 price target on shares of Synaptics in a research note on Friday, May 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $120.00 price objective on shares of Synaptics in a report on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $114.18.

Synaptics Company Profile

Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.

Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.