Synaptics Incorporated $SYNA Stake Decreased by Trigran Investments Inc.

Trigran Investments Inc. cut its stake in Synaptics Incorporated (NASDAQ:SYNA) by 22.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 878,169 shares of the software maker’s stock after selling 252,564 shares during the period. Synaptics comprises approximately 9.9% of Trigran Investments Inc.’s portfolio, making the stock its 3rd largest position. Trigran Investments Inc.’s holdings in Synaptics were worth $56,923,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Quarry LP lifted its stake in Synaptics by 220.0% during the first quarter. Quarry LP now owns 528 shares of the software maker’s stock worth $34,000 after purchasing an additional 363 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Synaptics by 443.1% during the 2nd quarter. Fifth Third Bancorp now owns 630 shares of the software maker’s stock valued at $41,000 after buying an additional 514 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Synaptics by 480.3% during the 2nd quarter. Signaturefd LLC now owns 708 shares of the software maker’s stock valued at $46,000 after buying an additional 586 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Synaptics by 50.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 708 shares of the software maker’s stock worth $46,000 after buying an additional 237 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Synaptics by 408.2% in the second quarter. UMB Bank n.a. now owns 742 shares of the software maker’s stock worth $48,000 after buying an additional 596 shares in the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on SYNA shares. Weiss Ratings reissued a “sell (d)” rating on shares of Synaptics in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Synaptics from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Needham & Company LLC restated a “buy” rating and set a $85.00 target price on shares of Synaptics in a report on Friday, November 7th. Northland Securities began coverage on shares of Synaptics in a research note on Tuesday. They issued an “outperform” rating and a $85.00 price target for the company. Finally, Zacks Research upgraded shares of Synaptics from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Synaptics presently has an average rating of “Moderate Buy” and an average price target of $87.88.

Synaptics Stock Up 0.0%

Shares of Synaptics stock opened at $75.94 on Friday. The company has a 50-day simple moving average of $68.08 and a two-hundred day simple moving average of $66.89. The stock has a market capitalization of $2.96 billion, a PE ratio of -65.46, a price-to-earnings-growth ratio of 3.18 and a beta of 1.76. Synaptics Incorporated has a 52-week low of $41.80 and a 52-week high of $89.81. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.31 and a current ratio of 2.86.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, November 6th. The software maker reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. Synaptics had a negative net margin of 4.08% and a positive return on equity of 4.35%. The firm had revenue of $292.50 million for the quarter, compared to analysts’ expectations of $289.93 million. During the same quarter in the prior year, the company posted $0.81 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. Synaptics has set its Q2 2026 guidance at 1.000-1.300 EPS. On average, analysts anticipate that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Synaptics declared that its Board of Directors has initiated a share repurchase plan on Thursday, August 7th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the software maker to purchase up to 6.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Synaptics Company 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.