Quantbot Technologies LP Raises Stake in 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 lifted its position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 65.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm 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.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SYNA. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Synaptics in the 1st quarter worth approximately $25,000. Parallel Advisors LLC boosted its holdings in Synaptics by 151.1% in the 1st quarter. Parallel Advisors LLC now owns 447 shares of the software maker's stock worth $28,000 after acquiring an additional 269 shares during the period. Banque Cantonale Vaudoise purchased a new position in Synaptics in the 1st quarter worth approximately $35,000. Menard Financial Group LLC purchased a new position in Synaptics in the 4th quarter worth approximately $37,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Synaptics by 32.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,016 shares of the software maker's stock worth $65,000 after acquiring an additional 249 shares during the period. Hedge funds and other institutional investors own 99.43% of the company's stock.

Synaptics Stock Performance

SYNA stock opened at $71.45 on Friday. The company has a current ratio of 2.78, a quick ratio of 2.26 and a debt-to-equity ratio of 0.60. The firm has a market cap of $2.75 billion, a P/E ratio of -59.05 and a beta of 1.61. Synaptics Incorporated has a 12-month low of $41.80 and a 12-month high of $89.81. The stock's 50 day simple moving average is $65.93 and its 200 day simple moving average is $62.96.

Synaptics (NASDAQ:SYNA - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.45%.The business had revenue of $282.80 million for the quarter, compared to analyst estimates of $280.12 million. During the same period in the prior year, the company posted $0.64 EPS. The business's 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 research analysts predict that Synaptics Incorporated will post 0.96 EPS for the current year.

Synaptics announced that its Board of Directors has authorized a stock buyback program on Thursday, August 7th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the software maker to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

SYNA has been the topic of a number of recent analyst reports. 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. Needham & Company LLC initiated coverage on Synaptics in a research report on Friday, May 9th. They issued a "buy" rating and a $80.00 target price on the stock. Finally, Barclays initiated coverage on Synaptics in a research report on Monday. They issued an "overweight" rating and a $78.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Synaptics currently has an average rating of "Moderate Buy" and a consensus target price of $91.33.

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.

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