BNP Paribas Financial Markets Trims Stock Position in Synaptics Incorporated $SYNA

Key Points

• BNP Paribas Financial Markets cut its Synaptics stake by 27.6% in the fourth quarter, selling 75,466 shares and ending with 197,952 shares valued at about $14.65 million.
• Synaptics reported better-than-expected fiscal Q3 earnings, posting $1.09 EPS on revenue of $294.2 million, with revenue up 10.4% year over year. The company also guided Q4 2026 EPS at 1.05 to 1.35.
• Analyst sentiment remains mostly positive, with several firms raising price targets; the stock currently has a Moderate Buy consensus and an average target price of $119.18.

BNP Paribas Financial Markets cut its position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 27.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,952 shares of the software maker's stock after selling 75,466 shares during the period. BNP Paribas Financial Markets owned approximately 0.51% of Synaptics worth $14,652,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SYNA. Ameriprise Financial Inc. raised its stake in Synaptics by 10.0% during the third quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker's stock worth $446,241,000 after purchasing an additional 594,235 shares during the period. AQR Capital Management LLC raised its stake in shares of Synaptics by 186.2% in the 2nd quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker's stock valued at $28,744,000 after acquiring an additional 288,523 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Synaptics by 51.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 544,973 shares of the software maker's stock valued at $37,243,000 after acquiring an additional 184,303 shares during the period. Squarepoint Ops LLC raised its stake in shares of Synaptics by 376.6% in the 2nd quarter. Squarepoint Ops LLC now owns 198,269 shares of the software maker's stock valued at $12,852,000 after acquiring an additional 156,671 shares during the period. Finally, M&T Bank Corp raised its stake in shares of Synaptics by 3,222.9% in the 4th quarter. M&T Bank Corp now owns 107,562 shares of the software maker's stock valued at $7,962,000 after acquiring an additional 104,325 shares during the period. 99.43% of the stock is owned by hedge funds and other institutional investors.

Synaptics Stock Performance

NASDAQ:SYNA opened at $122.78 on Friday. The company has a fifty day simple moving average of $103.62 and a two-hundred day simple moving average of $87.27. The company has a market cap of $4.74 billion, a price-to-earnings ratio of -99.02, a price-to-earnings-growth ratio of 3.93 and a beta of 1.98. The company has a quick ratio of 2.39, a current ratio of 3.04 and a debt-to-equity ratio of 0.62. 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 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $294.20 million during 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 company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 earnings per share. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, equities analysts anticipate that Synaptics Incorporated will post 1.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Synaptics news, insider Vikram Gupta sold 1,548 shares of the business's stock in a transaction 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 completion of the transaction, the insider owned 87,382 shares in the company, valued at $8,117,787.80. The trade was a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lisa Bodensteiner sold 1,798 shares of the business's stock in a transaction 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 approximately $5,336,532.21. This trade represents a 2.68% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders sold a total of 16,057 shares of company stock worth $1,940,078 over the last 90 days. Corporate insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SYNA shares. Barclays boosted their price target on shares of Synaptics from $100.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, May 8th. Susquehanna boosted their price target on shares of Synaptics from $105.00 to $125.00 and gave the company a "positive" rating in a research note on Friday, May 8th. Weiss Ratings reissued a "sell (d)" rating on shares of Synaptics in a research note on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price target on shares of Synaptics from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, May 8th. Finally, Craig Hallum reissued a "hold" rating and issued a $95.00 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.

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