Synaptics Incorporated $SYNA Holdings Boosted by Trigran Investments Inc.

Key Points

• Trigran Investments Inc. increased its stake in Synaptics by 5.5% during Q1, now holding approximately 1,130,733 shares valued at $72.05 million, making it the largest position in their investment portfolio.
• Synaptics has recently received positive analyst ratings, with reports indicating a consensus "Buy" rating and an average target price of $94.00.
• The company has authorized a $150 million stock buyback program, signaling potential confidence in its share value and intending to repurchase up to 6.5% of outstanding shares.

Trigran Investments Inc. increased its stake in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,130,733 shares of the software maker's stock after acquiring an additional 58,511 shares during the period. Synaptics comprises about 10.6% of Trigran Investments Inc.'s holdings, making the stock its largest holding. Trigran Investments Inc. owned approximately 2.89% of Synaptics worth $72,050,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of SYNA. Wells Fargo & Company MN lifted its stake in shares of Synaptics by 15.5% in the 4th quarter. Wells Fargo & Company MN now owns 40,769 shares of the software maker's stock valued at $3,111,000 after acquiring an additional 5,472 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Synaptics by 19.3% in the 4th quarter. Bank of Montreal Can now owns 5,161 shares of the software maker's stock valued at $394,000 after acquiring an additional 834 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Synaptics by 0.9% in the 4th quarter. Invesco Ltd. now owns 82,249 shares of the software maker's stock valued at $6,277,000 after acquiring an additional 697 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Synaptics in the 4th quarter valued at about $371,000. Finally, Sterling Capital Management LLC lifted its stake in shares of Synaptics by 811.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,158 shares of the software maker's stock valued at $88,000 after acquiring an additional 1,031 shares during the last quarter. Institutional investors own 99.43% of the company's stock.

Synaptics Stock Performance

SYNA traded up $5.6750 during midday trading on Friday, hitting $71.9950. 368,216 shares of the company traded hands, compared to its average volume of 536,510. The company has a quick ratio of 2.26, a current ratio of 2.78 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $2.78 billion, a PE ratio of -59.49 and a beta of 1.61. The company's 50-day moving average is $65.74 and its 200 day moving average is $62.98. Synaptics Incorporated has a 52 week low of $41.80 and a 52 week high of $89.81.

Synaptics (NASDAQ:SYNA - Get Free Report) last posted its 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. The business had revenue of $282.80 million for the quarter, compared to analysts' expectations of $280.12 million. Synaptics had a negative net margin of 4.45% and a positive return on equity of 4.32%. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. On average, research analysts expect that Synaptics Incorporated will post 0.96 EPS for the current year.

Synaptics announced that its board has approved a stock buyback plan on Thursday, August 7th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the software maker to buy up to 6.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

SYNA has been the subject of a number of recent research reports. Wall Street Zen raised Synaptics from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Zacks Research lowered Synaptics from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. Needham & Company LLC initiated coverage on Synaptics in a research note on Friday, May 9th. They issued a "buy" rating and a $80.00 target price on the stock. Finally, Barclays assumed coverage on Synaptics in a research note on Monday. They issued an "overweight" rating and a $78.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.