Hsbc Holdings PLC Buys 58,900 Shares of Synaptics Incorporated $SYNA

Hsbc Holdings PLC boosted its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 115.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 110,101 shares of the software maker’s stock after buying an additional 58,900 shares during the period. Hsbc Holdings PLC’s holdings in Synaptics were worth $8,219,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. CIBC Private Wealth Group LLC boosted its stake in Synaptics by 119.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock worth $26,000 after buying an additional 190 shares during the period. Leonteq Securities AG purchased a new stake in Synaptics in the 4th quarter worth about $43,000. Lazard Asset Management LLC purchased a new stake in Synaptics in the 2nd quarter worth about $54,000. Kemnay Advisory Services Inc. bought a new stake in Synaptics in the fourth quarter worth about $70,000. Finally, PNC Financial Services Group Inc. lifted its stake in Synaptics by 21.8% in the fourth 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. 99.43% of the stock is currently owned by institutional investors.

Synaptics Price Performance

Shares of SYNA stock opened at $123.37 on Thursday. 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 company has a market capitalization of $4.77 billion, a P/E ratio of -99.49, a P/E/G ratio of 2.70 and a beta of 1.97. The company’s 50-day simple moving average is $127.75 and its two-hundred day simple moving average is $96.96. Synaptics Incorporated has a one year low of $58.28 and a one year high of $149.11.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, May 7th. The software maker reported $1.09 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $294.20 million for the quarter, compared to analyst estimates of $290.51 million. During the same period last year, the company posted $0.90 earnings per share. The company’s quarterly 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 analysts anticipate that Synaptics Incorporated will post 1.3 EPS for the current year.

Insiders Place Their Bets

In other news, insider Esther Song sold 8,833 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $141.17, for a total transaction of $1,246,954.61. Following the transaction, the insider owned 12,421 shares of the company’s stock, valued at approximately $1,753,472.57. This represents a 41.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikram Gupta sold 1,548 shares of the firm’s 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 transaction, the insider owned 87,382 shares in the company, valued at approximately $8,117,787.80. This represents a 1.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,183 shares of company stock worth $1,978,694 in the last ninety days. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Susquehanna cut Synaptics from a “positive” rating to a “neutral” rating and upped their target price for the company from $125.00 to $140.00 in a research note on Friday, June 26th. Needham & Company LLC lowered Synaptics from a “buy” rating to a “hold” rating in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft cut Synaptics from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Monday, June 29th. Rosenblatt Securities downgraded Synaptics from a “buy” rating to a “hold” rating and cut their price objective for the company from $180.00 to $160.00 in a research report on Friday, June 26th. Finally, Wells Fargo & Company increased their target price on Synaptics from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $134.82.

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.