Pier 88 Investment Partners LLC Buys 7,020 Shares of Synaptics Incorporated $SYNA

Pier 88 Investment Partners LLC grew its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 71.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 16,910 shares of the software maker’s stock after acquiring an additional 7,020 shares during the quarter. Pier 88 Investment Partners LLC’s holdings in Synaptics were worth $1,156,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SYNA. Fifth Third Bancorp lifted its holdings in shares of Synaptics by 443.1% in the second quarter. Fifth Third Bancorp now owns 630 shares of the software maker’s stock worth $41,000 after acquiring an additional 514 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Synaptics by 50.3% during the second quarter. Nisa Investment Advisors LLC now owns 708 shares of the software maker’s stock worth $46,000 after buying an additional 237 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Synaptics by 480.3% in the 2nd quarter. Signaturefd LLC now owns 708 shares of the software maker’s stock valued at $46,000 after acquiring an additional 586 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Synaptics during the 2nd quarter valued at $54,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Synaptics by 201.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,105 shares of the software maker’s stock valued at $72,000 after acquiring an additional 739 shares in the last quarter. Institutional investors own 99.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Oppenheimer reissued a “market perform” rating on shares of Synaptics in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a research report on Thursday. Rosenblatt Securities restated a “buy” rating and issued a $95.00 price target on shares of Synaptics in a research report on Tuesday, November 11th. Northland Securities lifted their price target on shares of Synaptics from $85.00 to $106.00 and gave the stock an “outperform” rating in a report on Monday, December 29th. Finally, Mizuho set a $94.00 price objective on Synaptics in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Synaptics presently has a consensus rating of “Moderate Buy” and an average price target of $95.56.

Insider Buying and Selling

In other news, insider Lisa Bodensteiner sold 7,182 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $78.68, for a total transaction of $565,079.76. Following the completion of the sale, the insider directly owned 75,542 shares of the company’s stock, valued at $5,943,644.56. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Vikram Gupta sold 694 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $75.00, for a total transaction of $52,050.00. Following the completion of the sale, the insider owned 100,082 shares in the company, valued at $7,506,150. This represents a 0.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,906 shares of company stock worth $698,177 over the last ninety days. 0.50% of the stock is owned by insiders.

Synaptics Trading Down 1.5%

NASDAQ SYNA opened at $84.32 on Tuesday. The business has a 50 day simple moving average of $76.73 and a 200 day simple moving average of $71.21. The stock has a market capitalization of $3.29 billion, a P/E ratio of -72.69, a P/E/G ratio of 3.59 and a beta of 1.71. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.86 and a quick ratio of 2.31. Synaptics Incorporated has a one year low of $41.80 and a one year high of $94.59.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, November 6th. The software maker reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. Synaptics had a negative net margin of 4.08% and a positive return on equity of 4.35%. The business had revenue of $292.50 million for the quarter, compared to analyst estimates of $289.93 million. During the same period in the prior year, the firm earned $0.81 earnings per share. Synaptics’s revenue was up 13.5% on a year-over-year basis. Synaptics has set its Q2 2026 guidance at 1.000-1.300 EPS. Research analysts expect that Synaptics Incorporated will post 0.96 earnings per share for the current year.

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.