Synaptics Incorporated $SYNA Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,426 shares of the software maker’s stock after buying an additional 850 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Synaptics were worth $2,296,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in Synaptics by 22.5% during the 1st quarter. Ameriprise Financial Inc. now owns 6,098,453 shares of the software maker’s stock worth $388,587,000 after acquiring an additional 1,118,559 shares during the period. Trigran Investments Inc. increased its holdings in shares of Synaptics by 5.5% in the first quarter. Trigran Investments Inc. now owns 1,130,733 shares of the software maker’s stock valued at $72,050,000 after purchasing an additional 58,511 shares during the period. Victory Capital Management Inc. raised its stake in shares of Synaptics by 11.8% during the first quarter. Victory Capital Management Inc. now owns 645,727 shares of the software maker’s stock worth $41,146,000 after purchasing an additional 67,975 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Synaptics by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 474,083 shares of the software maker’s stock worth $30,209,000 after purchasing an additional 2,500 shares during the period. Finally, Peregrine Capital Management LLC grew its position in Synaptics by 11.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 240,228 shares of the software maker’s stock valued at $15,572,000 after buying an additional 23,851 shares during the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Synaptics Trading Down 3.2%

Shares of SYNA opened at $65.44 on Friday. Synaptics Incorporated has a twelve month low of $41.80 and a twelve month high of $89.81. The company has a current ratio of 2.78, a quick ratio of 2.26 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $2.55 billion, a P/E ratio of -54.08, a PEG ratio of 3.03 and a beta of 1.63. The firm’s 50-day moving average is $69.54 and its two-hundred day moving average is $66.25.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, November 6th. The software maker reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03. The business had revenue of $292.50 million for the quarter, compared to analyst estimates of $289.93 million. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.45%.The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 EPS. Synaptics has set its Q2 2026 guidance at 1.000-1.300 EPS. On average, research analysts predict that Synaptics Incorporated will post 0.96 earnings per share for the current fiscal year.

Synaptics announced that its board has approved a share buyback program on Thursday, August 7th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the software maker to purchase up to 6.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SYNA. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Synaptics in a research note on Thursday, September 11th. They issued a “buy” rating and a $85.00 price objective on the stock. Zacks Research upgraded shares of Synaptics from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Barclays started coverage on shares of Synaptics in a report on Monday, August 18th. They set an “overweight” rating and a $78.00 price target for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Synaptics in a report on Wednesday, October 8th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $95.00 target price on shares of Synaptics in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.29.

About Synaptics

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.