The Manufacturers Life Insurance Company Increases Position in Synaptics Incorporated $SYNA

The Manufacturers Life Insurance Company increased its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 2,384.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 939,182 shares of the software maker’s stock after purchasing an additional 901,379 shares during the period. The Manufacturers Life Insurance Company’s holdings in Synaptics were worth $65,780,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in Synaptics by 469.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 814,684 shares of the software maker’s stock worth $60,304,000 after buying an additional 671,647 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Synaptics by 186.2% in the second quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock valued at $28,744,000 after acquiring an additional 288,523 shares in the last quarter. Primecap Management Co. CA bought a new position in shares of Synaptics in the fourth quarter worth about $15,670,000. Squarepoint Ops LLC grew its position 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 worth $12,852,000 after purchasing an additional 156,671 shares in the last quarter. Finally, Orbis Allan Gray Ltd raised its stake in Synaptics by 9.9% during the 4th quarter. Orbis Allan Gray Ltd now owns 1,536,228 shares of the software maker’s stock valued at $113,712,000 after purchasing an additional 137,926 shares during the period. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on SYNA. Craig Hallum reiterated a “hold” rating and set a $145.00 price objective on shares of Synaptics in a research report on Friday, June 26th. JPMorgan Chase & Co. boosted their price target on shares of Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Mizuho increased their price objective on shares of Synaptics from $128.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Barclays reaffirmed an “equal weight” rating and issued a $135.00 target price (up from $110.00) on shares of Synaptics in a report on Friday, June 26th. Finally, Rosenblatt Securities lowered Synaptics from a “buy” rating to a “hold” rating and dropped their price target for the company from $180.00 to $160.00 in a research note on Friday, June 26th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Synaptics currently has an average rating of “Hold” and an average price target of $133.45.

Synaptics Trading Down 6.5%

Shares of SYNA opened at $103.64 on Thursday. The stock has a market capitalization of $4.00 billion, a PE ratio of -83.58 and a beta of 1.97. The company’s fifty day moving average is $128.66 and its 200 day moving average is $101.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.39 and a current ratio of 3.04. Synaptics Incorporated has a fifty-two week low of $58.28 and a fifty-two week high of $149.11.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.32%. The business had revenue of $294.20 million during the quarter, compared to analyst estimates of $290.51 million. During the same quarter last year, the business earned $0.90 earnings per share. Synaptics’s quarterly revenue was up 10.4% compared to the same quarter last year. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Sell-side analysts expect that Synaptics Incorporated will post 1.29 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Esther Song sold 8,833 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $141.17, for a total value of $1,246,954.61. Following the completion of the transaction, the insider owned 12,421 shares of the company’s stock, valued at approximately $1,753,472.57. This trade represents a 41.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lisa Bodensteiner sold 334 shares of Synaptics stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $138.28, for a total value of $46,185.52. Following the completion of the transaction, the insider owned 61,989 shares of the company’s stock, valued at approximately $8,571,838.92. This represents a 0.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last three months, insiders have sold 11,649 shares of company stock worth $1,603,484. 0.50% of the stock is currently owned by corporate insiders.

Synaptics 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.