Voya Investment Management LLC Lowers Stock Holdings in Synaptics Incorporated $SYNA

Voya Investment Management LLC lowered its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 20.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,196 shares of the software maker's stock after selling 4,499 shares during the quarter. Voya Investment Management LLC's holdings in Synaptics were worth $1,096,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SYNA. Johnson Investment Counsel Inc. purchased a new position in shares of Synaptics in the first quarter valued at approximately $216,000. SG Americas Securities LLC acquired a new stake in shares of Synaptics in the first quarter valued at approximately $320,000. Nuveen Asset Management LLC increased its holdings in shares of Synaptics by 4.3% in the fourth quarter. Nuveen Asset Management LLC now owns 115,441 shares of the software maker's stock valued at $8,810,000 after purchasing an additional 4,760 shares during the last quarter. Glenview Trust co increased its stake in Synaptics by 13.6% during the first quarter. Glenview Trust co now owns 31,455 shares of the software maker's stock worth $2,004,000 after acquiring an additional 3,775 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in Synaptics by 7.7% during the first quarter. Federated Hermes Inc. now owns 21,413 shares of the software maker's stock worth $1,364,000 after acquiring an additional 1,527 shares during the last quarter. Hedge funds and other institutional investors own 99.43% of the company's stock.

Wall Street Analysts Forecast Growth

SYNA has been the subject of a number of research reports. Barclays initiated coverage on Synaptics in a research note on Monday, August 18th. They issued an "overweight" rating and a $78.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on Synaptics in a research note on Thursday, September 11th. They issued a "buy" rating and a $85.00 price objective for the company. Wall Street Zen cut Synaptics from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Zacks Research raised Synaptics from a "strong sell" rating to a "hold" rating in a research note on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $90.43.

Synaptics Stock Performance

Shares of SYNA stock opened at $71.61 on Wednesday. The company has a market cap of $2.77 billion, a price-to-earnings ratio of -59.18 and a beta of 1.63. The stock has a 50 day simple moving average of $67.94 and a 200-day simple moving average of $63.09. Synaptics Incorporated has a 12-month low of $41.80 and a 12-month high of $89.81. 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 quarterly earnings data on Thursday, August 7th. The software maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.45%.The firm had revenue of $282.80 million during the quarter, compared to the consensus estimate of $280.12 million. During the same period last year, the business posted $0.64 EPS. Synaptics's quarterly revenue was up 14.3% on a year-over-year basis. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. On average, equities analysts forecast that Synaptics Incorporated will post 0.96 EPS for the current year.

Synaptics declared that its board has authorized a stock repurchase plan on Thursday, August 7th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the software maker to purchase up to 6.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.