Geode Capital Management LLC Buys 17,088 Shares of Synaptics Incorporated $SYNA

Geode Capital Management LLC increased its stake in Synaptics Incorporated (NASDAQ:SYNA) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,000,456 shares of the software maker’s stock after purchasing an additional 17,088 shares during the period. Geode Capital Management LLC’s holdings in Synaptics were worth $74,066,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of SYNA. Optiver Holding B.V. increased its position in shares of Synaptics by 40.2% in the third quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock worth $41,000 after purchasing an additional 170 shares during the period. Hantz Financial Services Inc. increased its position in shares of Synaptics by 143.9% in the third quarter. Hantz Financial Services Inc. now owns 595 shares of the software maker’s stock worth $41,000 after purchasing an additional 351 shares during the period. Leonteq Securities AG bought a new position in shares of Synaptics in the fourth quarter worth $43,000. Lazard Asset Management LLC bought a new position in shares of Synaptics in the second quarter worth $54,000. Finally, PNC Financial Services Group Inc. grew its position in Synaptics by 21.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,119 shares of the software maker’s stock valued at $83,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 99.43% of the company’s stock.

Wall Street Analysts Forecast Growth

SYNA has been the topic of a number of recent analyst reports. Zacks Research upgraded Synaptics from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. lifted their target price on Synaptics from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Wall Street Zen upgraded Synaptics from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Rosenblatt Securities lifted their target price on Synaptics from $125.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Finally, Susquehanna lifted their target price on Synaptics from $105.00 to $125.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.18.

Synaptics Stock Performance

Synaptics stock opened at $136.00 on Tuesday. Synaptics Incorporated has a 12-month low of $58.28 and a 12-month high of $149.11. The company has a quick ratio of 2.39, a current ratio of 3.04 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average price is $104.87 and its two-hundred day moving average price is $87.99. The stock has a market cap of $5.26 billion, a PE ratio of -109.68, a P/E/G ratio of 3.93 and a beta of 1.98.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $294.20 million for the quarter, compared to analysts’ expectations of $290.51 million. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 earnings per share. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, analysts expect that Synaptics Incorporated will post 1.3 earnings per share for the current fiscal year.

Insider Transactions at Synaptics

In other news, insider Vikram Gupta sold 692 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $147.50, for a total transaction of $102,070.00. Following the sale, the insider directly owned 83,434 shares in the company, valued at approximately $12,306,515. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lisa Bodensteiner sold 612 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $114.83, for a total value of $70,275.96. Following the sale, the insider owned 63,106 shares in the company, valued at approximately $7,246,461.98. This trade represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 16,057 shares of company stock worth $1,940,078. Insiders own 0.50% of the company’s stock.

Synaptics 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.