Vanguard Group Inc. Trims Stake in Synaptics Incorporated $SYNA

Vanguard Group Inc. cut its stake in Synaptics Incorporated (NASDAQ:SYNA) by 0.5% in the third quarter, HoldingsChannel reports. The fund owned 4,628,403 shares of the software maker’s stock after selling 22,734 shares during the period. Vanguard Group Inc. owned 0.12% of Synaptics worth $316,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SYNA. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Synaptics by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,704 shares of the software maker’s stock valued at $5,780,000 after purchasing an additional 4,917 shares during the period. AlphaQuest LLC boosted its holdings in Synaptics by 52,540.0% in the 2nd quarter. AlphaQuest LLC now owns 2,632 shares of the software maker’s stock worth $171,000 after buying an additional 2,627 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Synaptics by 50.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 708 shares of the software maker’s stock worth $46,000 after buying an additional 237 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Synaptics during the second quarter valued at approximately $750,000. Finally, Bank of Montreal Can lifted its position in shares of Synaptics by 12.7% in the second quarter. Bank of Montreal Can now owns 6,344 shares of the software maker’s stock valued at $411,000 after acquiring an additional 714 shares in the last quarter. 99.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on SYNA shares. Weiss Ratings reissued a “sell (d)” rating on shares of Synaptics in a research note on Thursday, January 22nd. Needham & Company LLC raised their price target on shares of Synaptics from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Barclays restated an “overweight” rating and set a $100.00 price target on shares of Synaptics in a research report on Thursday, January 15th. Mizuho raised their price objective on shares of Synaptics from $94.00 to $103.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Rosenblatt Securities lifted their price target on shares of Synaptics from $95.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $99.91.

Synaptics Price Performance

Synaptics stock opened at $81.46 on Friday. The company’s 50 day simple moving average is $83.56 and its 200-day simple moving average is $74.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.93. Synaptics Incorporated has a 1 year low of $41.80 and a 1 year high of $97.00. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of -51.23, a price-to-earnings-growth ratio of 3.09 and a beta of 1.72.

Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, February 5th. The software maker reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.06. Synaptics had a positive return on equity of 4.77% and a negative net margin of 5.41%.The company had revenue of $302.50 million for the quarter, compared to analyst estimates of $300.31 million. During the same quarter in the previous year, the company earned $0.92 earnings per share. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. As a group, equities research analysts expect that Synaptics Incorporated will post 0.96 earnings per share for the current year.

Insider Transactions at Synaptics

In other Synaptics news, insider Vikram Gupta sold 772 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $81.57, for a total transaction of $62,972.04. Following the completion of the transaction, the insider owned 95,996 shares in the company, valued at $7,830,393.72. The trade was a 0.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lisa Bodensteiner sold 576 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $84.93, for a total transaction of $48,919.68. Following the completion of the sale, the insider directly owned 72,307 shares in the company, valued at approximately $6,141,033.51. This represents a 0.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 11,026 shares of company stock worth $875,689 over the last quarter. Insiders own 0.50% of the company’s stock.

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.