LSV Asset Management Decreases Stake in Synaptics Incorporated $SYNA

LSV Asset Management cut its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 90.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,900 shares of the software maker’s stock after selling 48,415 shares during the quarter. LSV Asset Management’s holdings in Synaptics were worth $363,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of SYNA. Hantz Financial Services Inc. boosted its stake in shares of Synaptics by 143.9% in the third quarter. Hantz Financial Services Inc. now owns 595 shares of the software maker’s stock valued at $41,000 after buying an additional 351 shares in the last quarter. Optiver Holding B.V. boosted its stake in shares of Synaptics by 40.2% in the third quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock valued at $41,000 after buying an additional 170 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of Synaptics in the fourth quarter valued at approximately $43,000. Lazard Asset Management LLC purchased a new stake in shares of Synaptics in the second quarter valued at approximately $54,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Synaptics by 21.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,119 shares of the software maker’s stock valued at $83,000 after buying an additional 200 shares in the last quarter. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

Synaptics Stock Down 4.0%

SYNA opened at $141.64 on Thursday. The business’s fifty day moving average is $94.50 and its two-hundred day moving average is $83.87. 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 company has a market cap of $5.47 billion, a price-to-earnings ratio of -114.23, a PEG ratio of 4.72 and a beta of 1.86. Synaptics Incorporated has a one year low of $57.54 and a one year high of $149.11.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, May 7th. The software maker reported $1.09 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 quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 earnings per share. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Analysts anticipate that Synaptics Incorporated will post 1.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Synaptics news, insider Vikram Gupta sold 692 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $147.50, for a total transaction of $102,070.00. Following the sale, the insider directly owned 83,434 shares in the company, valued at approximately $12,306,515. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lisa Bodensteiner sold 612 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $114.83, for a total value of $70,275.96. Following the sale, the insider owned 63,106 shares in the company, valued at approximately $7,246,461.98. The trade was a 0.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 7,224 shares of company stock worth $693,124. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SYNA. JPMorgan Chase & Co. lifted their price target on Synaptics from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d)” rating on shares of Synaptics in a research note on Tuesday, April 21st. Wall Street Zen upgraded Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Northland Securities set a $123.00 price target on Synaptics in a research note on Friday, May 8th. Finally, TD Cowen restated a “buy” rating on shares of Synaptics in a research note on Friday, February 6th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.18.

Synaptics Company 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.