Synaptics Incorporated $SYNA Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 1.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,855,695 shares of the software maker's stock after selling 52,185 shares during the quarter. Vanguard Group Inc. owned 12.39% of Synaptics worth $309,405,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Toronto Dominion Bank acquired a new stake in shares of Synaptics during the 4th quarter worth about $152,895,000. Segall Bryant & Hamill LLC purchased a new position in shares of Synaptics in the 1st quarter valued at approximately $31,801,000. Deutsche Bank AG grew its stake in shares of Synaptics by 341.9% in the 4th quarter. Deutsche Bank AG now owns 189,398 shares of the software maker's stock valued at $14,455,000 after purchasing an additional 146,540 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Synaptics by 169.2% in the 4th quarter. BNP Paribas Financial Markets now owns 214,722 shares of the software maker's stock valued at $16,388,000 after purchasing an additional 134,945 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Synaptics by 20.7% in the 4th quarter. Wellington Management Group LLP now owns 556,643 shares of the software maker's stock valued at $42,483,000 after purchasing an additional 95,432 shares during the last quarter. Institutional investors and hedge funds own 99.43% of the company's stock.

Analysts Set New Price Targets

SYNA has been the topic of a number of analyst reports. Wall Street Zen upgraded Synaptics from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Needham & Company LLC initiated coverage on Synaptics in a research note on Friday, May 9th. They issued a "buy" rating and a $80.00 price target on the stock. Barclays began coverage on Synaptics in a research note on Monday. They issued an "overweight" rating and a $78.00 price target on the stock. Finally, Zacks Research downgraded Synaptics from a "hold" rating to a "strong sell" rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.33.

Synaptics Trading Down 2.2%

Shares of Synaptics stock traded down $1.50 during mid-day trading on Wednesday, hitting $66.76. 540,986 shares of the stock were exchanged, compared to its average volume of 539,455. Synaptics Incorporated has a twelve month low of $41.80 and a twelve month high of $89.81. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of -55.17 and a beta of 1.61. The company has a 50-day simple moving average of $65.65 and a 200 day simple moving average of $63.09. 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 (NASDAQ:SYNA - Get Free Report) last released its earnings results on Thursday, August 7th. The software maker reported $1.01 EPS for the quarter, beating the consensus estimate of $1.00 by $0.01. The firm had revenue of $282.80 million during the quarter, compared to analyst estimates of $280.12 million. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.45%.The business's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 earnings per share. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. Research analysts forecast that Synaptics Incorporated will post 0.96 EPS for the current year.

Synaptics declared that its board has approved a stock buyback plan on Thursday, August 7th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the software maker to purchase up to 6.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.

Synaptics 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.