Synaptics Incorporated $SYNA Shares Sold by Bryce Point Capital LLC

Bryce Point Capital LLC lessened its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 45.1% in the second quarter, HoldingsChannel reports. The fund owned 7,455 shares of the software maker’s stock after selling 6,116 shares during the period. Bryce Point Capital LLC’s holdings in Synaptics were worth $483,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of SYNA. Nordea Investment Management AB acquired a new stake in Synaptics in the second quarter worth about $6,991,000. Vanguard Personalized Indexing Management LLC raised its position in shares of Synaptics by 115.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,876 shares of the software maker’s stock worth $575,000 after buying an additional 4,756 shares in the last quarter. Glenview Trust co raised its position in shares of Synaptics by 13.6% during the 1st quarter. Glenview Trust co now owns 31,455 shares of the software maker’s stock worth $2,004,000 after buying an additional 3,775 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Synaptics by 7.7% in the 1st quarter. Federated Hermes Inc. now owns 21,413 shares of the software maker’s stock worth $1,364,000 after acquiring an additional 1,527 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Synaptics by 32.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,016 shares of the software maker’s stock valued at $65,000 after acquiring an additional 249 shares in the last quarter. Institutional investors own 99.43% of the company’s stock.

Synaptics Stock Down 4.5%

Shares of Synaptics stock opened at $67.84 on Wednesday. Synaptics Incorporated has a 12-month low of $41.80 and a 12-month high of $89.81. The firm has a market capitalization of $2.65 billion, a PE ratio of -56.07, a price-to-earnings-growth ratio of 3.03 and a beta of 1.63. The company has a quick ratio of 2.26, a current ratio of 2.78 and a debt-to-equity ratio of 0.60. The stock’s fifty day moving average is $69.80 and its 200-day moving average is $65.71.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, August 7th. The software maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. The firm had revenue of $282.80 million for the quarter, compared to analysts’ expectations of $280.12 million. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.45%.Synaptics’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. Equities analysts anticipate that Synaptics Incorporated will post 0.96 earnings per share for the current year.

Synaptics announced that its Board of Directors has approved a stock buyback plan on Thursday, August 7th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the software maker to reacquire up to 6.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts recently commented on SYNA shares. Barclays initiated coverage on Synaptics in a report on Monday, August 18th. They set an “overweight” rating and a $78.00 target price on the stock. Deutsche Bank Aktiengesellschaft started coverage on Synaptics in a research note on Thursday, September 11th. They issued a “buy” rating and a $85.00 price objective on the stock. Wall Street Zen cut Synaptics from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $95.00 price target on shares of Synaptics in a research report on Friday, October 17th. Finally, Zacks Research raised shares of Synaptics from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

Synaptics Profile

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.