Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Synaptics Incorporated (NASDAQ:SYNA – Free Report) by 26.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,175 shares of the software maker’s stock after buying an additional 9,218 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Synaptics were worth $3,346,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its stake in shares of Synaptics by 10.0% in the third quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock worth $446,241,000 after buying an additional 594,235 shares during the last quarter. State Street Corp boosted its stake in shares of Synaptics by 0.5% in the second quarter. State Street Corp now owns 2,039,202 shares of the software maker’s stock worth $132,181,000 after buying an additional 9,335 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Synaptics by 51.1% in the third quarter. JPMorgan Chase & Co. now owns 544,973 shares of the software maker’s stock worth $37,243,000 after buying an additional 184,303 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Synaptics by 186.2% in the second 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 last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Synaptics by 21.3% in the third quarter. BNP Paribas Financial Markets now owns 273,418 shares of the software maker’s stock worth $18,685,000 after buying an additional 48,075 shares during the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.
Insider Buying and Selling
In other Synaptics news, insider Lisa Bodensteiner sold 1,798 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $81.87, for a total transaction of $147,202.26. Following the completion of the transaction, the insider owned 65,183 shares of the company’s stock, valued at $5,336,532.21. This represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Vikram Gupta sold 1,548 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $92.90, for a total value of $143,809.20. Following the transaction, the insider directly owned 87,382 shares of the company’s stock, valued at $8,117,787.80. The trade was a 1.74% 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 7,348 shares of company stock worth $618,827 in the last quarter. 0.50% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on Synaptics
Synaptics Stock Performance
Shares of SYNA stock opened at $126.55 on Tuesday. The company has a market capitalization of $4.89 billion, a P/E ratio of -102.06, a P/E/G ratio of 4.75 and a beta of 1.86. The business’s 50 day moving average is $80.95 and its two-hundred day moving average is $78.62. The company has a current ratio of 3.04, a quick ratio of 2.39 and a debt-to-equity ratio of 0.62. Synaptics Incorporated has a 12-month low of $57.54 and a 12-month high of $129.78.
Synaptics (NASDAQ:SYNA – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $294.20 million for the quarter, compared to the consensus estimate of $290.51 million. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.Synaptics’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.90 earnings per share. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Analysts expect that Synaptics Incorporated will post 1.18 EPS for the current fiscal year.
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.
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