Synaptics Incorporated $SYNA Shares Acquired by Legato Capital Management LLC

Legato Capital Management LLC lifted its position in Synaptics Incorporated (NASDAQ:SYNA) by 169.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,097 shares of the software maker’s stock after buying an additional 15,159 shares during the quarter. Legato Capital Management LLC’s holdings in Synaptics were worth $1,647,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. increased its holdings in 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 buying an additional 351 shares during the last quarter. Optiver Holding B.V. boosted 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 valued at $41,000 after acquiring an additional 170 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Synaptics by 50.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 708 shares of the software maker’s stock worth $46,000 after purchasing an additional 237 shares during the period. Lazard Asset Management LLC acquired a new position in Synaptics in the 2nd quarter valued at approximately $54,000. Finally, Globeflex Capital L P bought a new stake in Synaptics in the 2nd quarter valued at $95,000. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Northland Securities lifted their price objective on Synaptics from $85.00 to $106.00 and gave the company an “outperform” rating in a report on Monday, December 29th. Weiss Ratings restated a “sell (d)” rating on shares of Synaptics in a research note on Thursday, January 22nd. Wells Fargo & Company raised their target price on shares of Synaptics from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. TD Cowen reiterated a “buy” rating on shares of Synaptics in a research report on Friday, February 6th. Finally, Barclays reaffirmed an “overweight” rating and issued a $100.00 target price on shares of Synaptics in a research report on Thursday, January 15th. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.91.

Synaptics Stock Up 0.1%

NASDAQ SYNA opened at $81.51 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.93 and a quick ratio of 2.33. Synaptics Incorporated has a 1 year low of $41.80 and a 1 year high of $97.00. The stock has a market capitalization of $3.16 billion, a PE ratio of -51.26, a PEG ratio of 3.30 and a beta of 1.68. The business’s 50-day moving average is $83.70 and its 200 day moving average is $74.75.

Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, February 5th. The software maker reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.06. The company had revenue of $302.50 million during the quarter, compared to analysts’ expectations of $300.31 million. Synaptics had a positive return on equity of 4.77% and a negative net margin of 5.41%.The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. Sell-side analysts forecast that Synaptics Incorporated will post 0.96 earnings per share for the current year.

Insider Buying and Selling at Synaptics

In related news, insider Lisa Bodensteiner sold 7,182 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $78.68, for a total value of $565,079.76. Following the transaction, the insider owned 75,542 shares of the company’s stock, valued at $5,943,644.56. This represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vikram Gupta sold 772 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $81.57, for a total transaction of $62,972.04. Following the transaction, the insider owned 95,996 shares of the company’s stock, valued at approximately $7,830,393.72. This trade represents a 0.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,026 shares of company stock worth $875,689 over the last quarter. 0.50% of the stock is owned by company insiders.

About Synaptics

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.