Intech Investment Management LLC Acquires 45,746 Shares of Synaptics Incorporated $SYNA

Intech Investment Management LLC increased its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 186.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,287 shares of the software maker’s stock after purchasing an additional 45,746 shares during the quarter. Intech Investment Management LLC’s holdings in Synaptics were worth $5,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SYNA. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Synaptics by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,704 shares of the software maker’s stock worth $5,780,000 after purchasing an additional 4,917 shares during the last quarter. M&T Bank Corp bought a new stake in shares of Synaptics in the second quarter worth about $205,000. First Trust Advisors LP grew its stake in shares of Synaptics by 9.8% in the second quarter. First Trust Advisors LP now owns 60,393 shares of the software maker’s stock worth $3,915,000 after purchasing an additional 5,393 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Synaptics by 472.1% in the second quarter. Marshall Wace LLP now owns 89,490 shares of the software maker’s stock worth $5,801,000 after purchasing an additional 73,848 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Synaptics by 9.1% in the second quarter. Federated Hermes Inc. now owns 23,352 shares of the software maker’s stock worth $1,514,000 after purchasing an additional 1,939 shares during the last quarter. 99.43% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Vikram Gupta sold 1,548 shares of Synaptics stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $92.90, for a total transaction of $143,809.20. Following the completion of the transaction, the insider directly owned 87,382 shares in the company, valued at approximately $8,117,787.80. This trade represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Esther Song sold 8,833 shares of Synaptics stock in a transaction that occurred on Thursday, May 28th. The shares were 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 of the company’s stock, valued at $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. Over the last ninety days, insiders sold 16,057 shares of company stock worth $1,940,078. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Zacks Research raised Synaptics from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. Mizuho set a $128.00 price objective on Synaptics in a research report on Friday, May 8th. TD Cowen reaffirmed a “buy” rating on shares of Synaptics in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $125.00 price objective on shares of Synaptics in a research report on Friday, May 8th. Finally, Northland Securities set a $123.00 price objective on Synaptics in a research report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Synaptics currently has an average rating of “Moderate Buy” and a consensus price target of $119.18.

Synaptics Stock Performance

Synaptics stock opened at $137.28 on Monday. The stock’s 50 day simple moving average is $97.17 and its two-hundred day simple moving average is $84.90. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.39 and a current ratio of 3.04. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of -110.71, a PEG ratio of 4.40 and a beta of 1.98. Synaptics Incorporated has a fifty-two week low of $57.54 and a fifty-two week high of $149.11.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $294.20 million for the quarter, compared to analysts’ expectations of $290.51 million. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.The business’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 EPS. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, analysts expect that Synaptics Incorporated will post 1.3 earnings per share 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.