Rhumbline Advisers Sells 5,354 Shares of Synaptics Incorporated $SYNA

Key Points

• Rhumbline Advisers has reduced its stake in Synaptics Incorporated by 4.0%, selling 5,354 shares, and now holds 129,124 shares valued at approximately $8.23 million.
• Several hedge funds have increased their investments in Synaptics, with PNC Financial Services Group Inc. growing its holdings by 32.5% during the first quarter.
• Synaptics' stock has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $90.43.

Rhumbline Advisers lowered its stake in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 4.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 129,124 shares of the software maker's stock after selling 5,354 shares during the quarter. Rhumbline Advisers owned approximately 0.33% of Synaptics worth $8,228,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Johnson Investment Counsel Inc. bought a new stake in Synaptics during the 1st quarter worth about $216,000. SG Americas Securities LLC bought a new stake in Synaptics during the 1st quarter worth about $320,000. Nuveen Asset Management LLC grew its holdings in Synaptics by 4.3% during the 4th quarter. Nuveen Asset Management LLC now owns 115,441 shares of the software maker's stock worth $8,810,000 after acquiring an additional 4,760 shares during the last quarter. Federated Hermes Inc. grew its holdings in Synaptics by 7.7% during the 1st quarter. Federated Hermes Inc. now owns 21,413 shares of the software maker's stock worth $1,364,000 after acquiring an additional 1,527 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Synaptics by 32.5% during 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 last quarter. Institutional investors own 99.43% of the company's stock.

Wall Street Analyst Weigh In

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

Synaptics Stock Performance

Synaptics stock opened at $71.44 on Friday. The company has a market cap of $2.76 billion, a PE ratio of -59.04 and a beta of 1.63. The company's 50-day moving average is $67.31 and its two-hundred day moving average is $62.73. 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 Incorporated has a 1 year low of $41.80 and a 1 year high of $89.81.

Synaptics (NASDAQ:SYNA - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The software maker reported $1.01 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $282.80 million for the quarter, compared to analyst estimates of $280.12 million. During the same quarter last year, the firm earned $0.64 EPS. Synaptics'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. Equities analysts anticipate that Synaptics Incorporated will post 0.96 earnings per share for the current year.

Synaptics declared that its board has authorized a stock repurchase 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 shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

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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