Caxton Associates LLP Makes New Investment in Synaptics Incorporated $SYNA

Caxton Associates LLP bought a new stake in shares of Synaptics Incorporated (NASDAQ:SYNA) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,146 shares of the software maker’s stock, valued at approximately $360,000.

A number of other hedge funds have also recently modified their holdings of the business. State of Michigan Retirement System raised its holdings in shares of Synaptics by 1.1% in the first quarter. State of Michigan Retirement System now owns 9,333 shares of the software maker’s stock worth $654,000 after buying an additional 100 shares during the period. LPL Financial LLC boosted its holdings in Synaptics by 3.9% during the 4th quarter. LPL Financial LLC now owns 3,216 shares of the software maker’s stock valued at $238,000 after acquiring an additional 121 shares during the period. Northwestern Mutual Investment Management Company LLC grew its position in Synaptics by 1.5% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 8,724 shares of the software maker’s stock valued at $646,000 after acquiring an additional 132 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Synaptics by 0.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 15,135 shares of the software maker’s stock valued at $1,146,000 after acquiring an additional 134 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in Synaptics by 4.0% in the fourth quarter. Captrust Financial Advisors now owns 4,262 shares of the software maker’s stock worth $315,000 after purchasing an additional 163 shares during the period. Institutional investors own 99.43% of the company’s stock.

Wall Street Analysts Forecast Growth

SYNA has been the subject of several research analyst reports. Northland Securities downgraded Synaptics from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Wells Fargo & Company upped their price target on shares of Synaptics from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Susquehanna reduced their price target on shares of Synaptics from $140.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 21st. Zacks Research upgraded shares of Synaptics from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Synaptics from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $133.45.

Synaptics Trading Down 4.8%

SYNA opened at $110.87 on Wednesday. The stock’s fifty day moving average is $129.18 and its two-hundred day moving average is $101.14. The company has a market capitalization of $4.28 billion, a P/E ratio of -89.41 and a beta of 1.97. Synaptics Incorporated has a 52 week low of $58.28 and a 52 week high of $149.11. The company has a quick ratio of 2.39, a current ratio of 3.04 and a debt-to-equity ratio of 0.62.

Synaptics (NASDAQ:SYNA) last issued 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. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.The business had revenue of $294.20 million during the quarter, compared to analysts’ expectations of $290.51 million. During the same period in the prior year, the business earned $0.90 EPS. The business’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. Analysts forecast that Synaptics Incorporated will post 1.29 earnings per share for the current year.

Insider Activity at Synaptics

In related news, insider Lisa Bodensteiner sold 334 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $138.28, for a total value of $46,185.52. Following the completion of the sale, the insider directly owned 61,989 shares of the company’s stock, valued at $8,571,838.92. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Esther Song sold 8,833 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $141.17, for a total transaction of $1,246,954.61. Following the transaction, the insider owned 12,421 shares in the company, valued at approximately $1,753,472.57. The trade was a 41.56% 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. Insiders sold 11,649 shares of company stock worth $1,603,484 over the last three months. 0.50% of the stock is owned by corporate insiders.

About Synaptics

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.