Glenview Trust Co purchased a new position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,780 shares of the software maker's stock, valued at approximately $2,085,000.
Several other institutional investors and hedge funds have also made changes to their positions in the business. State of Michigan Retirement System grew its stake in Synaptics by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 9,333 shares of the software maker's stock valued at $654,000 after acquiring an additional 100 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Synaptics by 3.9% in the fourth quarter. LPL Financial LLC now owns 3,216 shares of the software maker's stock valued at $238,000 after purchasing an additional 121 shares in the last quarter. ABS Investment Management LLC purchased a new stake in shares of Synaptics in the second quarter valued at about $310,575,000. Northwestern Mutual Investment Management Company LLC grew its position in shares of Synaptics by 1.5% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 8,724 shares of the software maker's stock valued at $646,000 after purchasing an additional 132 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Synaptics by 4.0% in the fourth quarter. Captrust Financial Advisors now owns 4,262 shares of the software maker's stock valued at $315,000 after purchasing an additional 163 shares during the last quarter. 99.43% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, insider Lisa Bodensteiner sold 6,056 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $103.62, for a total transaction of $627,522.72. Following the sale, the insider owned 78,634 shares in the company, valued at $8,148,055.08. This trade represents a 7.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. Also, insider Esther Song sold 437 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $103.68, for a total value of $45,308.16. Following the sale, the insider owned 14,683 shares in the company, valued at $1,522,333.44. This trade represents a 2.89% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 15,867 shares of company stock valued at $1,624,996 in the last quarter. 0.50% of the stock is currently owned by company insiders.
Synaptics Stock Performance
NASDAQ:SYNA opened at $95.08 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 0.90. The firm has a market cap of $3.72 billion, a PE ratio of -7.52 and a beta of 1.99. The firm has a 50 day simple moving average of $113.13 and a 200-day simple moving average of $103.68. Synaptics Incorporated has a 1-year low of $58.28 and a 1-year high of $149.11.
Synaptics (NASDAQ:SYNA - Get Free Report) last announced its earnings results on Thursday, August 6th. The software maker reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.02. The firm had revenue of $308.00 million for the quarter, compared to analyst estimates of $305.32 million. Synaptics had a negative net margin of 41.00% and a positive return on equity of 4.37%. Synaptics's revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.01 earnings per share. On average, equities analysts expect that Synaptics Incorporated will post 1.98 EPS for the current year.
Analyst Ratings Changes
SYNA has been the subject of a number of recent research reports. Craig Hallum set a $105.00 price objective on shares of Synaptics in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft lowered Synaptics from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research note on Monday, June 29th. Zacks Research upgraded Synaptics from a "hold" rating to a "strong-buy" rating in a report on Monday, August 17th. Wall Street Zen raised Synaptics from a "hold" rating to a "buy" rating in a research report on Saturday, July 4th. Finally, Needham & Company LLC downgraded Synaptics from a "buy" rating to a "hold" rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $123.91.
Check Out Our Latest Stock Report on SYNA
About Synaptics
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding SYNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synaptics Incorporated (NASDAQ:SYNA - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Synaptics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Synaptics wasn't on the list.
While Synaptics currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
