Vanguard Group Inc. Has $309.41 Million Stock Holdings in Synaptics Incorporated $SYNA

Vanguard Group Inc. decreased its position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,855,695 shares of the software maker's stock after selling 52,185 shares during the period. Vanguard Group Inc. owned 12.39% of Synaptics worth $309,405,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SYNA. Wells Fargo & Company MN boosted its holdings in Synaptics by 15.5% in the fourth 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 boosted its holdings in Synaptics by 19.3% in the fourth 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. boosted its holdings in Synaptics by 0.9% in the fourth 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 position in Synaptics in the fourth quarter valued at about $371,000. Finally, Sterling Capital Management LLC boosted its holdings in Synaptics by 811.8% in the fourth 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.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Zacks Research lowered Synaptics from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. Wall Street Zen lowered Synaptics from a "buy" rating to a "hold" rating in a research note on Friday. 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. Finally, Needham & Company LLC assumed 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. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.33.

Synaptics Stock Up 7.7%

Shares of NASDAQ SYNA traded up $5.13 during mid-day trading on Friday, reaching $71.45. 678,028 shares of the company's stock were exchanged, compared to its average volume of 511,777. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of -59.05 and a beta of 1.61. The company has a current ratio of 2.78, a quick ratio of 2.26 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $65.93 and a 200 day simple moving average of $62.96. Synaptics Incorporated has a twelve month low of $41.80 and a twelve month high of $89.81.

Synaptics (NASDAQ:SYNA - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The software maker reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.01. The company had revenue of $282.80 million for 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%.Synaptics's revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 earnings per share. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. As a group, equities analysts expect that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Synaptics declared that its Board of Directors has authorized a share buyback program on Thursday, August 7th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the software maker to purchase up to 6.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management 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.