Synaptics Incorporated $SYNA Shares Purchased by Legato Capital Management LLC

Legato Capital Management LLC increased its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 169.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,097 shares of the software maker’s stock after purchasing an additional 15,159 shares during the period. Legato Capital Management LLC owned 0.06% of Synaptics worth $1,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SYNA. Optiver Holding B.V. boosted its stake in Synaptics by 40.2% during the third quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock worth $41,000 after buying an additional 170 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Synaptics by 143.9% during the third quarter. Hantz Financial Services Inc. now owns 595 shares of the software maker’s stock worth $41,000 after purchasing an additional 351 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Synaptics by 50.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 708 shares of the software maker’s stock worth $46,000 after acquiring an additional 237 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Synaptics in the second quarter valued at approximately $54,000. Finally, Globeflex Capital L P acquired a new position in shares of Synaptics in the second quarter worth $95,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SYNA. Craig Hallum reaffirmed a “hold” rating and set a $80.00 price objective on shares of Synaptics in a research report on Friday, February 6th. TD Cowen reiterated a “buy” rating on shares of Synaptics in a report on Friday, February 6th. JPMorgan Chase & Co. upped their price target on Synaptics from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Northland Securities raised their price objective on shares of Synaptics from $85.00 to $106.00 and gave the stock an “outperform” rating in a report on Monday, December 29th. Finally, Rosenblatt Securities lifted their price target on shares of Synaptics from $95.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.91.

Synaptics Stock Performance

Shares of SYNA stock opened at $81.51 on Tuesday. The company has a current ratio of 2.93, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. Synaptics Incorporated has a 12-month low of $41.80 and a 12-month high of $97.00. The company has a market cap of $3.16 billion, a price-to-earnings ratio of -51.26, a price-to-earnings-growth ratio of 3.30 and a beta of 1.68. The stock has a 50 day simple moving average of $83.70 and a 200-day simple moving average of $74.75.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, February 5th. The software maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.15 by $0.06. The business had revenue of $302.50 million for the quarter, compared to analyst estimates of $300.31 million. Synaptics had a negative net margin of 5.41% and a positive return on equity of 4.77%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 earnings per share. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. On average, equities analysts forecast that Synaptics Incorporated will post 0.96 EPS for the current year.

Insider Transactions at Synaptics

In related news, insider Lisa Bodensteiner sold 576 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $84.93, for a total transaction of $48,919.68. Following the sale, the insider directly owned 72,307 shares of the company’s stock, valued at approximately $6,141,033.51. This represents a 0.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Vikram Gupta sold 772 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $81.57, for a total transaction of $62,972.04. Following the completion of the transaction, the insider directly owned 95,996 shares in the company, valued at $7,830,393.72. This represents a 0.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 11,026 shares of company stock worth $875,689. Corporate insiders own 0.50% of the company’s stock.

About Synaptics

Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.

Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.