Dean Capital Management Sells 7,793 Shares of Synaptics Incorporated $SYNA

Dean Capital Management decreased its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 50.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 7,720 shares of the software maker’s stock after selling 7,793 shares during the period. Dean Capital Management’s holdings in Synaptics were worth $541,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Synaptics by 0.5% during the second quarter. State Street Corp now owns 2,039,202 shares of the software maker’s stock worth $132,181,000 after purchasing an additional 9,335 shares during the period. Orbis Allan Gray Ltd boosted its stake in shares of Synaptics by 9.9% in the fourth quarter. Orbis Allan Gray Ltd now owns 1,536,228 shares of the software maker’s stock valued at $113,712,000 after buying an additional 137,926 shares during the period. Geode Capital Management LLC boosted its stake in shares of Synaptics by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 1,000,456 shares of the software maker’s stock valued at $74,066,000 after buying an additional 17,088 shares during the period. Price T Rowe Associates Inc. MD grew its position in Synaptics by 469.6% during the fourth 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. Finally, Victory Capital Management Inc. grew its position in Synaptics by 2.6% during the fourth quarter. Victory Capital Management Inc. now owns 769,766 shares of the software maker’s stock worth $56,978,000 after buying an additional 19,706 shares in the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen raised Synaptics from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. TD Cowen lowered Synaptics from a “buy” rating to a “hold” rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft lowered Synaptics from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Monday, June 29th. Wells Fargo & Company boosted their price target on Synaptics from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $135.00 price target (up from $110.00) on shares of Synaptics in a research note on Friday, June 26th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $133.45.

Synaptics Price Performance

NASDAQ SYNA opened at $113.00 on Monday. The business has a fifty day moving average price of $129.49 and a two-hundred day moving average price of $100.74. The stock has a market capitalization of $4.37 billion, a PE ratio of -91.13 and a beta of 1.97. Synaptics Incorporated has a fifty-two week low of $58.28 and a fifty-two week high of $149.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.04 and a quick ratio of 2.39.

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

Insider Activity at Synaptics

In other Synaptics news, insider Vikram Gupta sold 692 shares of Synaptics stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $147.50, for a total value of $102,070.00. Following the transaction, the insider owned 83,434 shares in the company, valued at $12,306,515. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Esther Song sold 8,833 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $141.17, for a total value of $1,246,954.61. Following the transaction, the insider directly owned 12,421 shares of the company’s stock, valued at approximately $1,753,472.57. The trade was a 41.56% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,289 shares of company stock valued at $1,562,372 over the last ninety days. 0.50% of the stock is owned by corporate insiders.

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.