Quantbot Technologies LP Buys 8,710 Shares of Synaptics Incorporated $SYNA

Quantbot Technologies LP lifted its stake in Synaptics Incorporated (NASDAQ:SYNA) by 42.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,354 shares of the software maker’s stock after buying an additional 8,710 shares during the quarter. Quantbot Technologies LP owned about 0.08% of Synaptics worth $1,903,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in Synaptics by 22.5% in the 1st quarter. Ameriprise Financial Inc. now owns 6,098,453 shares of the software maker’s stock worth $388,587,000 after acquiring an additional 1,118,559 shares in the last quarter. Norges Bank bought a new position in shares of Synaptics in the second quarter worth approximately $25,876,000. Nordea Investment Management AB purchased a new stake in shares of Synaptics in the second quarter worth $6,991,000. Nuveen LLC purchased a new stake in shares of Synaptics in the first quarter worth $6,596,000. Finally, AQR Capital Management LLC raised its position in shares of Synaptics by 112.9% during the 1st quarter. AQR Capital Management LLC now owns 154,918 shares of the software maker’s stock valued at $9,684,000 after purchasing an additional 82,162 shares during the period. 99.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Synaptics in a report on Wednesday, October 8th. Zacks Research upgraded Synaptics from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Deutsche Bank Aktiengesellschaft began coverage on Synaptics in a research report on Thursday, September 11th. They set a “buy” rating and a $85.00 target price for the company. Northland Capmk raised Synaptics to a “strong-buy” rating in a research note on Tuesday, December 2nd. Finally, Northland Securities began coverage on Synaptics in a research note on Tuesday, December 2nd. They issued an “outperform” rating and a $85.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.88.

Synaptics Price Performance

NASDAQ:SYNA opened at $77.57 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.31 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $3.02 billion, a P/E ratio of -66.87, a P/E/G ratio of 3.25 and a beta of 1.76. Synaptics Incorporated has a 12 month low of $41.80 and a 12 month high of $89.81. The business’s 50-day moving average is $68.24 and its 200 day moving average is $67.00.

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

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.