Quantbot Technologies LP Purchases 8,133 Shares of Synaptics Incorporated $SYNA

Key Points

• Quantbot Technologies LP raised its stake in Synaptics by 65% during the first quarter, acquiring an additional 8,133 shares, which brings its total holdings to 20,644 shares valued at approximately $1.31 million.
• Synaptics reported $282.80 million in revenue for the last quarter, exceeding analyst estimates by approximately $2.68 million, while also achieving an earnings per share (EPS) of $1.01, slightly above expectations.
• The company announced a $150 million stock buyback program, indicating confidence in its stock's value, while hedge funds and institutional investors collectively own nearly 99.43% of Synaptics' shares.

Quantbot Technologies LP grew its holdings in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 65.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,644 shares of the software maker's stock after purchasing an additional 8,133 shares during the quarter. Quantbot Technologies LP owned about 0.05% of Synaptics worth $1,315,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SYNA. Toronto Dominion Bank bought a new position in shares of Synaptics in the fourth quarter valued at about $152,895,000. Segall Bryant & Hamill LLC acquired a new stake in Synaptics in the 1st quarter valued at about $31,801,000. Deutsche Bank AG raised its stake in shares of Synaptics by 341.9% in 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. BNP Paribas Financial Markets lifted its position in shares of Synaptics by 169.2% during the fourth quarter. BNP Paribas Financial Markets now owns 214,722 shares of the software maker's stock worth $16,388,000 after purchasing an additional 134,945 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Synaptics during the first quarter worth approximately $6,596,000. Institutional investors own 99.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SYNA shares. Barclays assumed coverage on shares of Synaptics in a report on Monday, August 18th. They issued an "overweight" rating and a $78.00 price target for the company. Wall Street Zen lowered Synaptics from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Needham & Company LLC initiated coverage on Synaptics in a research report on Friday, May 9th. They set a "buy" rating and a $80.00 target price for the company. Finally, Zacks Research lowered Synaptics from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $91.33.

Synaptics Trading Up 0.4%

SYNA traded up $0.27 during trading on Thursday, reaching $71.07. 41,836 shares of the company's stock were exchanged, compared to its average volume of 531,316. The company's fifty day moving average price is $66.36 and its 200-day moving average price is $62.89. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.26 and a current ratio of 2.78. Synaptics Incorporated has a fifty-two week low of $41.80 and a fifty-two week high of $89.81. The firm has a market capitalization of $2.75 billion, a PE ratio of -58.60 and a beta of 1.61.

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

Synaptics announced 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 reacquire 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.