Ameriprise Financial Inc. Has $388.59 Million Stake in Synaptics Incorporated $SYNA

Ameriprise Financial Inc. increased its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 22.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,098,453 shares of the software maker’s stock after buying an additional 1,118,559 shares during the period. Ameriprise Financial Inc. owned 15.56% of Synaptics worth $388,587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SYNA. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Synaptics in the first quarter valued at approximately $25,000. Parallel Advisors LLC raised its position in shares of Synaptics by 151.1% in the first quarter. Parallel Advisors LLC now owns 447 shares of the software maker’s stock valued at $28,000 after buying an additional 269 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Synaptics in the first quarter valued at approximately $35,000. Menard Financial Group LLC acquired a new stake in shares of Synaptics in the fourth quarter valued at approximately $37,000. Finally, PNC Financial Services Group Inc. raised its position 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 buying an additional 249 shares in the last quarter. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SYNA. Wall Street Zen upgraded shares of Synaptics from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Zacks Research downgraded shares of Synaptics from a “hold” rating to a “strong sell” rating in a research report on Friday, August 15th. Barclays assumed coverage on shares of Synaptics in a research report on Monday. They set an “overweight” rating and a $78.00 price objective for the company. Finally, Needham & Company LLC assumed coverage on shares of Synaptics in a research report on Friday, May 9th. They set a “buy” rating and a $80.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Synaptics presently has an average rating of “Moderate Buy” and an average price target of $91.33.

Synaptics Stock Performance

NASDAQ SYNA opened at $66.32 on Friday. The firm’s fifty day moving average price is $65.74 and its two-hundred day moving average price is $62.98. The stock has a market cap of $2.56 billion, a PE ratio of -54.81 and a beta of 1.61. Synaptics Incorporated has a fifty-two week low of $41.80 and a fifty-two week high of $89.81. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.26 and a current ratio of 2.78.

Synaptics (NASDAQ:SYNA) last posted its 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 negative net margin of 4.45% and a positive return on equity of 4.32%. The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. On average, equities analysts expect that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Synaptics announced that its board has authorized a share repurchase program on Thursday, August 7th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the software maker to buy up to 6.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board 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.