Trigran Investments Inc. Has $45.20 Million Holdings in Synaptics Incorporated $SYNA

Trigran Investments Inc. reduced its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 24.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 661,437 shares of the software maker’s stock after selling 216,732 shares during the period. Synaptics comprises about 8.2% of Trigran Investments Inc.’s investment portfolio, making the stock its 6th biggest position. Trigran Investments Inc. owned 1.70% of Synaptics worth $45,203,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SYNA. Norges Bank acquired a new stake in Synaptics during the second quarter valued at approximately $25,876,000. AQR Capital Management LLC lifted its position in shares of Synaptics by 186.2% during the 2nd quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock worth $28,744,000 after buying an additional 288,523 shares during the period. JPMorgan Chase & Co. boosted its stake in Synaptics by 51.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 544,973 shares of the software maker’s stock valued at $37,243,000 after buying an additional 184,303 shares in the last quarter. Squarepoint Ops LLC grew its position in Synaptics by 376.6% in the second quarter. Squarepoint Ops LLC now owns 198,269 shares of the software maker’s stock valued at $12,852,000 after acquiring an additional 156,671 shares during the period. Finally, Bank of America Corp DE raised its stake in Synaptics by 68.7% during the second quarter. Bank of America Corp DE now owns 238,298 shares of the software maker’s stock worth $15,446,000 after acquiring an additional 97,018 shares in the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Insider Activity

In other Synaptics news, insider Lisa Bodensteiner sold 576 shares of Synaptics stock in a transaction 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 owned 72,307 shares of the company’s stock, valued at approximately $6,141,033.51. The trade was a 0.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vikram Gupta sold 772 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $81.57, for a total value of $62,972.04. Following the completion of the transaction, the insider directly owned 95,996 shares in the company, valued at approximately $7,830,393.72. This trade represents a 0.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,026 shares of company stock valued at $875,689 over the last three months. Company insiders own 0.50% of the company’s stock.

Synaptics Price Performance

Shares of SYNA stock opened at $74.10 on Friday. Synaptics Incorporated has a 1 year low of $41.80 and a 1 year high of $97.00. The company has a current ratio of 2.93, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $83.84 and its 200-day moving average is $74.83. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of -46.60, a PEG ratio of 3.12 and a beta of 1.68.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, February 5th. The software maker reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.06. The firm had revenue of $302.50 million during the quarter, compared to analysts’ expectations of $300.31 million. Synaptics had a negative net margin of 5.41% and a positive return on equity of 4.77%. Synaptics’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 EPS. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. Sell-side analysts forecast that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SYNA shares. Wall Street Zen upgraded shares of Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Mizuho boosted their price target on shares of Synaptics from $94.00 to $103.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Rosenblatt Securities raised their price objective on shares of Synaptics from $95.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Northland Securities boosted their target price on Synaptics from $85.00 to $106.00 and gave the stock an “outperform” rating in a report on Monday, December 29th. Finally, Wells Fargo & Company increased their price target on Synaptics from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $99.91.

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.