Synaptics Incorporated $SYNA Stake Raised by M&T Bank Corp

Key Points

• M&T Bank Corp boosted its stake in Synaptics by 3,222.9% in Q4 to 107,562 shares (about 0.28% of the company), and institutional investors now own roughly 99.43% of the stock.
• Multiple analysts have raised ratings and price targets (tops at $125), leaving a consensus rating of "Moderate Buy" and a consensus target of about $99.91.
• Synaptics recently beat quarterly estimates with EPS of $1.21 (vs. $1.15 expected) and revenue of $302.5M (+13.2% YoY); the company set Q3 2026 guidance of $0.85–$1.15 EPS and the stock trades near $93.86 with a market cap around $3.64B.

M&T Bank Corp boosted its holdings in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 3,222.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,562 shares of the software maker's stock after acquiring an additional 104,325 shares during the quarter. M&T Bank Corp owned about 0.28% of Synaptics worth $7,962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SYNA. Ameriprise Financial Inc. raised its position in Synaptics by 10.0% in the third quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker's stock worth $446,241,000 after acquiring an additional 594,235 shares in the last quarter. AQR Capital Management LLC raised its position in Synaptics by 186.2% in the second quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker's stock worth $28,744,000 after acquiring an additional 288,523 shares in the last quarter. JPMorgan Chase & Co. raised its position in Synaptics by 51.1% in the third quarter. JPMorgan Chase & Co. now owns 544,973 shares of the software maker's stock worth $37,243,000 after acquiring an additional 184,303 shares in the last quarter. Squarepoint Ops LLC raised its holdings in Synaptics by 376.6% during the 2nd quarter. Squarepoint Ops LLC now owns 198,269 shares of the software maker's stock worth $12,852,000 after buying an additional 156,671 shares during the period. Finally, Two Sigma Investments LP raised its holdings in Synaptics by 322.0% during the 3rd quarter. Two Sigma Investments LP now owns 127,706 shares of the software maker's stock worth $8,727,000 after buying an additional 97,444 shares during the period. 99.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SYNA shares. JPMorgan Chase & Co. boosted their price objective on Synaptics from $85.00 to $100.00 and gave the stock an "overweight" rating in a report on Friday, February 6th. Northland Securities boosted their price objective on Synaptics from $85.00 to $106.00 and gave the stock an "outperform" rating in a report on Monday, December 29th. Rosenblatt Securities boosted their price objective on Synaptics from $95.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Wells Fargo & Company boosted their price objective on Synaptics from $95.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, January 15th. Finally, Susquehanna boosted their target price on shares of Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a research note on Thursday, January 22nd. Ten equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $99.91.

Insider Transactions at Synaptics

In other news, insider Vikram Gupta sold 1,548 shares of the company's stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $80.95, for a total value of $125,310.60. Following the transaction, the insider owned 88,930 shares in the company, valued at $7,198,883.50. This represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 Lisa Bodensteiner sold 1,798 shares of the company's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $81.87, for a total value of $147,202.26. Following the completion of the transaction, the insider owned 65,183 shares in the company, valued at $5,336,532.21. This represents a 2.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold a total of 5,800 shares of company stock worth $475,018 in the last quarter. 0.50% of the stock is owned by corporate insiders.

Synaptics Stock Performance

Shares of SYNA stock opened at $93.86 on Friday. Synaptics Incorporated has a 1-year low of $53.17 and a 1-year high of $97.00. The company has a current ratio of 2.93, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of -59.03, a P/E/G ratio of 3.22 and a beta of 1.71. The stock's fifty day simple moving average is $77.45 and its 200-day simple moving average is $76.28.

Synaptics (NASDAQ:SYNA - Get Free Report) last issued its earnings results on Thursday, February 5th. The software maker reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.06. The company had revenue of $302.50 million for the quarter, compared to the consensus estimate of $300.31 million. Synaptics had a positive return on equity of 4.77% and a negative net margin of 5.41%.The firm's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. On average, sell-side analysts predict that Synaptics Incorporated will post 1.18 earnings per share for the current fiscal year.

Synaptics Company Profile

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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