Aristeia Capital L.L.C. purchased a new stake in Synaptics Incorporated (NASDAQ:SYNA – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,086 shares of the software maker’s stock, valued at approximately $747,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SYNA. CIBC Private Wealth Group LLC increased its holdings in shares of Synaptics by 119.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock valued at $26,000 after acquiring an additional 190 shares during the last quarter. Optiver Holding B.V. lifted its stake in Synaptics by 40.2% during the third quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock worth $41,000 after purchasing an additional 170 shares during the period. Leonteq Securities AG acquired a new stake in Synaptics in the 4th quarter valued at $43,000. Lazard Asset Management LLC acquired a new stake in shares of Synaptics in the 2nd quarter valued at $54,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Synaptics during the fourth quarter worth about $70,000. Institutional investors own 99.43% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on SYNA shares. Wells Fargo & Company boosted their target price on shares of Synaptics from $120.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 9th. Barclays upped their price target on Synaptics from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Susquehanna upped their price objective on Synaptics from $105.00 to $125.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Synaptics in a research note on Friday, May 8th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.18.
Insider Buying and Selling
In other news, insider Esther Song sold 8,833 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 12,421 shares of the company’s stock, valued at $1,753,472.57. This represents a 41.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikram Gupta sold 692 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $147.50, for a total transaction of $102,070.00. Following the completion of the transaction, the insider owned 83,434 shares of the company’s stock, valued at approximately $12,306,515. This trade represents a 0.82% 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 15,723 shares of company stock worth $1,915,085 in the last 90 days. Insiders own 0.50% of the company’s stock.
Synaptics Price Performance
Synaptics stock opened at $133.53 on Thursday. The stock has a fifty day moving average of $113.74 and a 200-day moving average of $91.46. The stock has a market capitalization of $5.16 billion, a P/E ratio of -107.69, a price-to-earnings-growth ratio of 4.32 and a beta of 1.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.39 and a current ratio of 3.04. Synaptics Incorporated has a 52 week low of $58.28 and a 52 week high of $149.11.
Synaptics (NASDAQ:SYNA – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share for the quarter, beating 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 negative net margin of 4.10% and a positive return on equity of 4.32%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company posted $0.90 EPS. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, sell-side analysts expect that Synaptics Incorporated will post 1.3 earnings per share for the current fiscal year.
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.
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