Rhumbline Advisers Acquires 7,747 Shares of Synaptics Incorporated $SYNA

Rhumbline Advisers raised its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 6.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,871 shares of the software maker’s stock after buying an additional 7,747 shares during the quarter. Rhumbline Advisers owned about 0.36% of Synaptics worth $8,872,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SYNA. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Synaptics by 19.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,141 shares of the software maker’s stock valued at $710,000 after purchasing an additional 1,841 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Synaptics by 7.7% during the 1st quarter. Federated Hermes Inc. now owns 21,413 shares of the software maker’s stock worth $1,364,000 after purchasing an additional 1,527 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Synaptics during the first quarter valued at about $35,000. XTX Topco Ltd acquired a new position in shares of Synaptics during the first quarter valued at about $803,000. Finally, US Bancorp DE lifted its stake in shares of Synaptics by 63.7% in the first quarter. US Bancorp DE now owns 5,468 shares of the software maker’s stock valued at $348,000 after buying an additional 2,128 shares during the period. Institutional investors and hedge funds own 99.43% of the company’s stock.

Synaptics Stock Performance

Shares of NASDAQ:SYNA opened at $67.29 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.78 and a quick ratio of 2.26. The business’s fifty day moving average price is $67.86 and its two-hundred day moving average price is $66.72. Synaptics Incorporated has a fifty-two week low of $41.80 and a fifty-two week high of $89.81. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of -55.61, a price-to-earnings-growth ratio of 3.03 and a beta of 1.63.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, November 6th. The software maker reported $1.09 EPS for the quarter, beating the consensus estimate of $1.06 by $0.03. The company had revenue of $292.50 million for the quarter, compared to the consensus estimate of $289.93 million. Synaptics had a negative net margin of 4.45% and a positive return on equity of 4.32%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 EPS. Synaptics has set its Q2 2026 guidance at 1.000-1.300 EPS. As a group, analysts predict that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Synaptics announced that its board has authorized a stock buyback program on Thursday, August 7th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the software maker to reacquire up to 6.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

SYNA has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Synaptics in a report on Thursday, September 11th. They issued a “buy” rating and a $85.00 price target for the company. Rosenblatt Securities restated a “buy” rating and issued a $95.00 target price on shares of Synaptics in a research note on Tuesday, November 11th. TD Cowen raised their target price on Synaptics from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Barclays began coverage on shares of Synaptics in a report on Monday, August 18th. They issued an “overweight” rating and a $78.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, seven 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $88.29.

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.