Victory Capital Management Inc. Lowers Holdings in Synaptics Incorporated $SYNA

Victory Capital Management Inc. lowered its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 2.1% in the third quarter, HoldingsChannel reports. The firm owned 750,060 shares of the software maker’s stock after selling 16,034 shares during the quarter. Victory Capital Management Inc.’s holdings in Synaptics were worth $51,259,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its holdings in Synaptics by 143.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 595 shares of the software maker’s stock worth $41,000 after buying an additional 351 shares in the last quarter. Optiver Holding B.V. grew its stake 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 acquiring an additional 170 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Synaptics during the second quarter worth $54,000. Globeflex Capital L P purchased a new stake in shares of Synaptics during the second quarter worth $95,000. Finally, M&T Bank Corp acquired a new stake in shares of Synaptics in the second quarter valued at $205,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on SYNA. Craig Hallum reissued a “hold” rating and set a $80.00 target price on shares of Synaptics in a research note on Friday, February 6th. TD Cowen reaffirmed a “buy” rating on shares of Synaptics in a research report on Friday, February 6th. Wells Fargo & Company lifted their price objective on Synaptics from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Oppenheimer reissued a “market perform” rating on shares of Synaptics in a research report on Tuesday, December 16th. Finally, Mizuho upped their target price on shares of Synaptics from $94.00 to $103.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $99.91.

Synaptics Stock Performance

Shares of SYNA stock opened at $72.00 on Friday. The company has a market cap of $2.79 billion, a P/E ratio of -45.28, a PEG ratio of 3.00 and a beta of 1.68. The firm has a fifty day moving average price of $83.81 and a 200 day moving average price of $74.84. The company has a current ratio of 2.93, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. Synaptics Incorporated has a 12 month low of $41.80 and a 12 month high of $97.00.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, February 5th. The software maker reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.06. The company had revenue of $302.50 million for 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%.Synaptics’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. Sell-side analysts predict that Synaptics Incorporated will post 0.96 earnings per share for the current fiscal year.

Insider Transactions at Synaptics

In related news, insider Vikram Gupta sold 772 shares of the company’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 value of $62,972.04. Following the completion of the transaction, the insider directly owned 95,996 shares of the company’s stock, valued at $7,830,393.72. This represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lisa Bodensteiner sold 7,182 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 75,542 shares in the company, valued at $5,943,644.56. This represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 11,026 shares of company stock worth $875,689. Company 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.