Louisiana State Employees Retirement System Makes New Investment in Synaptics Incorporated $SYNA

Louisiana State Employees Retirement System acquired a new stake in shares of Synaptics Incorporated (NASDAQ:SYNA) in the first quarter, HoldingsChannel reports. The fund acquired 11,200 shares of the software maker’s stock, valued at approximately $784,000.

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

Analysts Set New Price Targets

SYNA has been the subject of several research reports. Rosenblatt Securities cut shares of Synaptics from a “buy” rating to a “hold” rating and reduced their target price for the company from $180.00 to $160.00 in a research note on Friday, June 26th. TD Cowen downgraded Synaptics from a “buy” rating to a “hold” rating in a report on Friday, June 26th. Susquehanna cut shares of Synaptics from a “positive” rating to a “neutral” rating and lifted their price target for the stock from $125.00 to $140.00 in a research report on Friday, June 26th. Wells Fargo & Company upped their price objective on Synaptics from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Synaptics from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $134.82.

Synaptics Stock Down 3.0%

SYNA stock traded down $3.69 during midday trading on Tuesday, hitting $120.52. The company’s stock had a trading volume of 39,934 shares, compared to its average volume of 920,213. The company’s fifty day moving average price is $126.61 and its 200 day moving average price is $96.29. Synaptics Incorporated has a twelve month low of $58.28 and a twelve month high of $149.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.04 and a quick ratio of 2.39. The stock has a market capitalization of $4.66 billion, a P/E ratio of -97.19, a PEG ratio of 2.71 and a beta of 1.97.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.The company had revenue of $294.20 million for the quarter, compared to analysts’ expectations of $290.51 million. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, equities research analysts predict that Synaptics Incorporated will post 1.3 EPS for the current year.

Insider Transactions at Synaptics

In other news, insider Esther Song sold 8,833 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $141.17, for a total value of $1,246,954.61. Following the sale, the insider directly owned 12,421 shares in the company, valued at approximately $1,753,472.57. This trade represents a 41.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lisa Bodensteiner sold 1,798 shares of Synaptics stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $81.87, for a total transaction of $147,202.26. Following the sale, the insider directly owned 65,183 shares in the company, valued at $5,336,532.21. This trade represents a 2.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 16,183 shares of company stock valued at $1,978,694. Corporate insiders own 0.50% of the company’s stock.

Synaptics 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.