Synaptics Incorporated $SYNA Shares Sold by LSV Asset Management

Key Points

• LSV Asset Management cut its Synaptics stake by 90.8% in the fourth quarter, selling 48,415 shares and leaving it with 4,900 shares worth about $363,000.
• Synaptics recently posted better-than-expected quarterly results, with EPS of $1.09 versus $1.01 expected and revenue of $294.2 million versus $290.5 million estimated. Revenue rose 10.4% year over year, and the company guided Q4 2026 EPS at 1.05 to 1.35.
• Analyst sentiment is mostly positive: 10 Buy ratings, 3 Holds, and 1 Sell, with a consensus Moderate Buy rating and a target price of $119.18. Several firms, including Needham, Mizuho, and JPMorgan, recently raised or reaffirmed bullish targets.

LSV Asset Management lessened its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 90.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,900 shares of the software maker's stock after selling 48,415 shares during the period. LSV Asset Management's holdings in Synaptics were worth $363,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC increased its position in Synaptics by 1.5% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 8,724 shares of the software maker's stock worth $646,000 after buying an additional 132 shares during the period. Allspring Global Investments Holdings LLC increased its position in Synaptics by 0.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,135 shares of the software maker's stock worth $1,146,000 after buying an additional 134 shares during the period. Optiver Holding B.V. increased its position in Synaptics by 40.2% during the third quarter. Optiver Holding B.V. now owns 593 shares of the software maker's stock worth $41,000 after buying an additional 170 shares during the period. Retirement Systems of Alabama increased its position in Synaptics by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 59,295 shares of the software maker's stock worth $4,389,000 after buying an additional 192 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Synaptics by 21.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,119 shares of the software maker's stock worth $83,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 99.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on SYNA. Wall Street Zen raised Synaptics from a "hold" rating to a "buy" rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Synaptics in a research report on Tuesday, April 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $120.00 price target on shares of Synaptics in a research report on Friday, May 8th. Mizuho set a $128.00 price target on Synaptics in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. lifted their price target on Synaptics from $100.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.18.

Synaptics Trading Down 4.0%

NASDAQ:SYNA opened at $141.64 on Thursday. The firm has a market cap of $5.47 billion, a P/E ratio of -114.23, a PEG ratio of 4.72 and a beta of 1.86. The company has a current ratio of 3.04, a quick ratio of 2.39 and a debt-to-equity ratio of 0.62. The stock's 50 day simple moving average is $94.50 and its 200-day simple moving average is $83.87. Synaptics Incorporated has a 12-month low of $57.54 and a 12-month high of $149.11.

Synaptics (NASDAQ:SYNA - Get Free Report) last released its earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $294.20 million for the quarter, compared to analyst estimates of $290.51 million. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 earnings per share. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities analysts anticipate that Synaptics Incorporated will post 1.3 EPS for the current year.

Insider Buying and Selling

In other news, insider Lisa Bodensteiner sold 1,798 shares of the business's stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $81.87, for a total value of $147,202.26. Following the transaction, the insider owned 65,183 shares of the company's stock, valued at approximately $5,336,532.21. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Vikram Gupta sold 1,548 shares of the business's stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $92.90, for a total value of $143,809.20. Following the completion of the transaction, the insider directly owned 87,382 shares in the company, valued at approximately $8,117,787.80. The trade was a 1.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 7,224 shares of company stock worth $693,124. Corporate insiders own 0.50% of the company's stock.

About Synaptics

Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.

Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.

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