Graham Capital Management L.P. Buys 5,775 Shares of Synaptics Incorporated $SYNA

Key Points

• Graham Capital Management L.P. increased its holdings in Synaptics Incorporated by 216.8% during the first quarter, acquiring an additional 5,775 shares, which brought its total to 8,439 shares worth approximately $538,000.
• Synaptics announced a $150 million share repurchase plan, indicating the board's belief that the stock may be undervalued.
• The company reported Q1 earnings per share (EPS) of $1.01, slightly surpassing analyst estimates, and expected EPS guidance for Q1 2026 to be between 1.490 and 1.690.

Graham Capital Management L.P. boosted its stake in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 216.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,439 shares of the software maker's stock after purchasing an additional 5,775 shares during the quarter. Graham Capital Management L.P.'s holdings in Synaptics were worth $538,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Synaptics during the first quarter worth approximately $25,000. Parallel Advisors LLC boosted its position in Synaptics by 151.1% during the first quarter. Parallel Advisors LLC now owns 447 shares of the software maker's stock worth $28,000 after purchasing an additional 269 shares during the period. Quarry LP boosted its position in Synaptics by 220.0% during the first quarter. Quarry LP now owns 528 shares of the software maker's stock worth $34,000 after purchasing an additional 363 shares during the period. Banque Cantonale Vaudoise bought a new stake in Synaptics during the first quarter worth approximately $35,000. Finally, Menard Financial Group LLC bought a new stake in Synaptics during the fourth quarter worth approximately $37,000. Institutional investors own 99.43% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SYNA. Zacks Research downgraded Synaptics from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. Barclays began coverage on Synaptics in a research note on Monday, August 18th. They set an "overweight" rating and a $78.00 target price for the company. Finally, Wall Street Zen downgraded Synaptics from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $91.33.

Synaptics Stock Performance

Shares of NASDAQ SYNA traded down $1.18 during mid-day trading on Wednesday, hitting $68.74. The company had a trading volume of 213,563 shares, compared to its average volume of 521,610. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.78 and a quick ratio of 2.26. The business's 50-day simple moving average is $67.23 and its 200-day simple moving average is $62.68. Synaptics Incorporated has a 12 month low of $41.80 and a 12 month high of $89.81. The firm has a market cap of $2.66 billion, a P/E ratio of -56.88 and a beta of 1.63.

Synaptics (NASDAQ:SYNA - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The software maker reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.01. The company had revenue of $282.80 million during the quarter, compared to the consensus estimate of $280.12 million. Synaptics had a negative net margin of 4.45% and a positive return on equity of 4.32%. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. As a group, analysts predict that Synaptics Incorporated will post 0.96 earnings per share for the current fiscal year.

Synaptics declared that its board has approved a share repurchase program on Thursday, August 7th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the software maker to repurchase up to 6.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Synaptics 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.