Synaptics Incorporated $SYNA Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Synaptics Incorporated by 9.4%, acquiring an additional 5,733 shares, bringing their total to 66,408 shares worth $4,232,000.
• Several large investors, including Ameriprise Financial and Wellington Management Group, have also significantly increased their holdings in Synaptics in recent months.
• Analysts have issued mixed ratings for Synaptics, with Barclays assigning an "overweight" rating and a $78 price target, while Zacks downgraded the stock to "strong sell."

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 9.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,408 shares of the software maker's stock after acquiring an additional 5,733 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.17% of Synaptics worth $4,232,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Toronto Dominion Bank acquired a new stake in shares of Synaptics in the fourth quarter valued at approximately $152,895,000. Ameriprise Financial Inc. increased its stake in Synaptics by 22.5% during the first quarter. Ameriprise Financial Inc. now owns 6,098,453 shares of the software maker's stock worth $388,587,000 after acquiring an additional 1,118,559 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Synaptics during the first quarter worth $31,801,000. Deutsche Bank AG increased its stake in Synaptics by 341.9% during the fourth quarter. Deutsche Bank AG now owns 189,398 shares of the software maker's stock worth $14,455,000 after acquiring an additional 146,540 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Synaptics during the first quarter worth $6,596,000. Institutional investors and hedge funds own 99.43% of the company's stock.

Synaptics Stock Down 1.5%

NASDAQ:SYNA traded down $1.07 during midday trading on Friday, reaching $70.37. The company had a trading volume of 296,865 shares, compared to its average volume of 365,279. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of -58.16 and a beta of 1.63. The stock's fifty day simple moving average is $67.34 and its 200-day simple moving average is $62.69. Synaptics Incorporated has a 12-month low of $41.80 and a 12-month high of $89.81. The company has a current ratio of 2.78, a quick ratio of 2.26 and a debt-to-equity ratio of 0.60.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The software maker reported $1.01 earnings per share (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 positive return on equity of 4.32% and a negative net margin of 4.45%.Synaptics's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 EPS. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. On average, sell-side analysts anticipate that Synaptics Incorporated will post 0.96 earnings per share for the current fiscal year.

Synaptics announced that its board has approved a share buyback program on Thursday, August 7th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the software maker to reacquire up to 6.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

SYNA has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Synaptics in a research report on Thursday. They set a "buy" rating and a $85.00 price target for the company. Zacks Research lowered Synaptics from a "hold" rating to a "strong sell" rating in a research report on Friday, August 15th. Wall Street Zen lowered Synaptics from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Barclays started coverage on Synaptics in a research report on Monday, August 18th. They set an "overweight" rating and a $78.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $90.43.

Synaptics Company 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.