Peregrine Capital Management LLC Cuts Stake in Synaptics Incorporated $SYNA

Peregrine Capital Management LLC lowered its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 12.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 212,790 shares of the software maker’s stock after selling 31,025 shares during the period. Peregrine Capital Management LLC’s holdings in Synaptics were worth $14,904,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in SYNA. CIBC Private Wealth Group LLC raised its position in Synaptics by 119.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock worth $26,000 after acquiring an additional 190 shares during the period. Leonteq Securities AG bought a new position in shares of Synaptics during the 4th quarter valued at approximately $43,000. Lazard Asset Management LLC bought a new position in shares of Synaptics during the 2nd quarter valued at approximately $54,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Synaptics during the 4th quarter worth approximately $70,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Synaptics by 21.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,119 shares of the software maker’s stock worth $83,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Insider Transactions at Synaptics

In other news, insider Esther Song sold 8,833 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $141.17, for a total value of $1,246,954.61. Following the completion of the transaction, the insider directly owned 12,421 shares of the company’s stock, valued at $1,753,472.57. This trade represents a 41.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikram Gupta sold 1,548 shares of Synaptics stock in a transaction on Monday, April 27th. The shares were sold at an average price of $92.90, for a total value of $143,809.20. Following the completion of the transaction, the insider owned 87,382 shares of the company’s stock, valued at approximately $8,117,787.80. This trade represents a 1.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 16,183 shares of company stock valued at $1,978,694 over the last three months. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SYNA shares. Wells Fargo & Company upped their price objective on Synaptics from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Synaptics in a research report on Tuesday, April 21st. Mizuho set a $128.00 target price on Synaptics in a research note on Friday, May 8th. JPMorgan Chase & Co. upped their price target on Synaptics from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Zacks Research upgraded Synaptics from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $131.00.

Synaptics Stock Performance

Shares of SYNA stock opened at $124.23 on Wednesday. The stock has a market capitalization of $4.80 billion, a P/E ratio of -100.19, a PEG ratio of 3.76 and a beta of 1.98. The company has a current ratio of 3.04, a quick ratio of 2.39 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $123.60 and its 200 day moving average is $95.00. Synaptics Incorporated has a 12 month low of $58.28 and a 12 month high of $149.11.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.32%. The company had revenue of $294.20 million during the quarter, compared to the consensus estimate of $290.51 million. During the same period last year, the firm earned $0.90 EPS. Synaptics’s revenue for the quarter was up 10.4% on a year-over-year basis. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, sell-side analysts anticipate that Synaptics Incorporated will post 1.3 earnings per share for the current year.

Synaptics Company Profile

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.