Emerald Advisers LLC Trims Stake in Synaptics Incorporated $SYNA

Emerald Advisers LLC lowered its position in Synaptics Incorporated (NASDAQ:SYNA) by 2.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 329,916 shares of the software maker’s stock after selling 9,197 shares during the period. Emerald Advisers LLC’s holdings in Synaptics were worth $23,107,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SYNA. CIBC Private Wealth Group LLC boosted its position in shares of Synaptics by 119.5% during the fourth 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 position in Synaptics in the fourth quarter worth $43,000. Lazard Asset Management LLC bought a new position in Synaptics in the second quarter worth $54,000. Kemnay Advisory Services Inc. bought a new position in Synaptics in the fourth quarter worth $70,000. Finally, PNC Financial Services Group Inc. lifted 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 buying an additional 200 shares during the period. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Insider Activity at Synaptics

In other Synaptics news, insider Vikram Gupta sold 692 shares of Synaptics stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $147.50, for a total value of $102,070.00. Following the completion of the transaction, the insider directly owned 83,434 shares of the company’s stock, valued at approximately $12,306,515. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lisa Bodensteiner sold 334 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $138.28, for a total transaction of $46,185.52. Following the completion of the transaction, the insider owned 61,989 shares in the company, valued at approximately $8,571,838.92. This represents a 0.54% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 16,183 shares of company stock valued at $1,978,694. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on SYNA shares. Rosenblatt Securities cut shares of Synaptics from a “buy” rating to a “hold” rating and dropped their target price for the company from $180.00 to $160.00 in a report on Friday, June 26th. Wells Fargo & Company increased their price target on shares of Synaptics from $155.00 to $160.00 and gave the stock 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. TD Cowen lowered shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Wall Street Zen upgraded shares of Synaptics from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Three equities 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $134.82.

Synaptics Trading Down 6.0%

Synaptics stock opened at $119.15 on Tuesday. 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 business’s fifty day simple moving average is $129.89 and its two-hundred day simple moving average is $98.04. Synaptics Incorporated has a 12 month low of $58.28 and a 12 month high of $149.11. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of -96.09, a price-to-earnings-growth ratio of 2.87 and a beta of 1.97.

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

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.