Victory Capital Management Inc. Reduces Stake in Synaptics Incorporated $SYNA

Victory Capital Management Inc. cut its stake in Synaptics Incorporated (NASDAQ:SYNA) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 750,060 shares of the software maker’s stock after selling 16,034 shares during the quarter. Victory Capital Management Inc. owned about 1.92% of Synaptics worth $51,259,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Synaptics in the second quarter valued at about $25,876,000. AQR Capital Management LLC raised its stake in Synaptics by 186.2% during the second quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock worth $28,744,000 after purchasing an additional 288,523 shares during the period. JPMorgan Chase & Co. boosted its holdings in Synaptics by 51.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 544,973 shares of the software maker’s stock valued at $37,243,000 after purchasing an additional 184,303 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in Synaptics by 376.6% in the 2nd quarter. Squarepoint Ops LLC now owns 198,269 shares of the software maker’s stock valued at $12,852,000 after purchasing an additional 156,671 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Synaptics by 68.7% in the 2nd quarter. Bank of America Corp DE now owns 238,298 shares of the software maker’s stock valued at $15,446,000 after buying an additional 97,018 shares during the period. Institutional investors and hedge funds own 99.43% of the company’s stock.

Synaptics Stock Performance

Shares of SYNA stock opened at $72.00 on Friday. The firm’s 50 day moving average price is $83.81 and its 200-day moving average price is $74.84. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.93. Synaptics Incorporated has a one year low of $41.80 and a one year high of $97.00. The firm has a market cap of $2.79 billion, a P/E ratio of -45.28, a P/E/G ratio of 3.00 and a beta of 1.68.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, February 5th. The software maker reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.06. The firm had revenue of $302.50 million during the quarter, compared to the consensus estimate of $300.31 million. Synaptics had a negative net margin of 5.41% and a positive return on equity of 4.77%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. As a group, equities research analysts predict that Synaptics Incorporated will post 0.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Northland Securities lifted their price target on shares of Synaptics from $85.00 to $106.00 and gave the company an “outperform” rating in a research report on Monday, December 29th. Oppenheimer reiterated a “market perform” rating on shares of Synaptics in a research report on Tuesday, December 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Synaptics in a research note on Thursday, January 22nd. Susquehanna lifted their target price on Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Finally, TD Cowen reaffirmed a “buy” rating on shares of Synaptics in a research note on Friday, February 6th. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $99.91.

Insider Buying and Selling at Synaptics

In other news, insider Lisa Bodensteiner sold 7,182 shares of Synaptics stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $78.68, for a total value of $565,079.76. Following the completion of the sale, the insider directly owned 75,542 shares of the company’s stock, valued at approximately $5,943,644.56. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Vikram Gupta sold 772 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $81.57, for a total value of $62,972.04. Following the completion of the sale, the insider owned 95,996 shares in the company, valued at $7,830,393.72. This represents a 0.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 11,026 shares of company stock valued at $875,689. Company insiders own 0.50% of the company’s stock.

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.