Mitsubishi UFJ Asset Management Co. Ltd. Increases Stake in Synaptics Incorporated $SYNA

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,426 shares of the software maker’s stock after buying an additional 850 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.09% of Synaptics worth $2,296,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SYNA. Ameriprise Financial Inc. boosted its holdings in Synaptics by 22.5% in the first quarter. Ameriprise Financial Inc. now owns 6,098,453 shares of the software maker’s stock valued at $388,587,000 after purchasing an additional 1,118,559 shares during the period. Nordea Investment Management AB acquired a new stake in Synaptics in the 2nd quarter valued at about $6,991,000. Nuveen LLC purchased a new position in shares of Synaptics in the 1st quarter valued at about $6,596,000. AQR Capital Management LLC grew its position in shares of Synaptics by 112.9% during the first quarter. AQR Capital Management LLC now owns 154,918 shares of the software maker’s stock worth $9,684,000 after buying an additional 82,162 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position 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 buying an additional 67,975 shares in the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Synaptics in a report on Wednesday, October 8th. Barclays started coverage on Synaptics in a research note on Monday, August 18th. They issued an “overweight” rating and a $78.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 price target on shares of Synaptics in a report on Friday, November 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $95.00 price objective on shares of Synaptics in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Synaptics in a research report on Thursday, September 11th. They set a “buy” rating and a $85.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.29.

Synaptics Stock Down 3.2%

Synaptics stock opened at $65.44 on Friday. The company 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 company has a debt-to-equity ratio of 0.60, a quick ratio of 2.26 and a current ratio of 2.78. Synaptics Incorporated has a fifty-two week low of $41.80 and a fifty-two week high of $89.81. The stock has a 50-day simple moving average of $69.54 and a 200-day simple moving average of $66.25.

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

Synaptics declared that its Board of Directors has approved a share repurchase plan on Thursday, August 7th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the software maker to purchase up to 6.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Synaptics Company Profile

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.