Vident Advisory LLC Invests $628,000 in Synaptics Incorporated $SYNA

Key Points

• Vident Advisory LLC acquired 9,854 shares of Synaptics Incorporated, valued at approximately $628,000, during the first quarter, reflecting growing institutional interest in the company.
• Analysts have a consensus rating of "Moderate Buy" for Synaptics, with a target price averaging $91.33, despite some downgrades from firms like Zacks and Wall Street Zen.
• Synaptics reported a 14.3% increase in revenue year-over-year during its last quarterly report, with earnings per share of $1.01, exceeding analysts’ expectations.

Vident Advisory LLC bought a new stake in Synaptics Incorporated (NASDAQ:SYNA - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,854 shares of the software maker's stock, valued at approximately $628,000.

A number of other large investors also recently modified their holdings of SYNA. Raymond James Financial Inc. bought a new position in shares of Synaptics in the 4th quarter valued at $371,000. Northern Trust Corp lifted its stake in shares of Synaptics by 13.4% in the 4th quarter. Northern Trust Corp now owns 521,743 shares of the software maker's stock valued at $39,819,000 after acquiring an additional 61,790 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Synaptics by 11.4% in the 4th quarter. AQR Capital Management LLC now owns 72,756 shares of the software maker's stock valued at $5,519,000 after acquiring an additional 7,418 shares during the last quarter. BNP Paribas Financial Markets lifted 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 acquiring an additional 134,945 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Synaptics by 67.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 124,931 shares of the software maker's stock valued at $9,535,000 after acquiring an additional 50,112 shares during the last quarter. 99.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on SYNA. Barclays began coverage on Synaptics in a research report on Monday, August 18th. They set an "overweight" rating and a $78.00 target price for the company. Wall Street Zen lowered Synaptics from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Zacks Research lowered Synaptics from a "hold" rating to a "strong sell" rating in a research report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $91.33.

Synaptics Stock Down 1.6%

SYNA stock traded down $1.10 during mid-day trading on Wednesday, reaching $68.83. 197,630 shares of the company traded hands, compared to its average volume of 521,530. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of -56.88 and a beta of 1.63. The company has a quick ratio of 2.26, a current ratio of 2.78 and a debt-to-equity ratio of 0.60. Synaptics Incorporated has a fifty-two week low of $41.80 and a fifty-two week high of $89.81. The firm's 50 day moving average price is $67.23 and its 200 day moving average price is $62.68.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its earnings results on Thursday, August 7th. The software maker reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.01. The firm had revenue of $282.80 million for the quarter, compared to the consensus estimate of $280.12 million. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.45%.The company's revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 EPS. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. As a group, equities research analysts predict that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Synaptics announced that its Board of Directors has initiated a share repurchase plan on Thursday, August 7th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the software maker to reacquire up to 6.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

About Synaptics

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.