D.A. Davidson & CO. Acquires New Shares in Synaptics Incorporated $SYNA

D.A. Davidson & CO. bought a new stake in Synaptics Incorporated (NASDAQ:SYNA) during the 1st quarter, Holdings Channel reports. The fund bought 19,075 shares of the software maker’s stock, valued at approximately $1,336,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Synaptics by 0.5% during the second quarter. State Street Corp now owns 2,039,202 shares of the software maker’s stock worth $132,181,000 after buying an additional 9,335 shares during the last quarter. Orbis Allan Gray Ltd increased its stake in shares of Synaptics by 9.9% in the 4th quarter. Orbis Allan Gray Ltd now owns 1,536,228 shares of the software maker’s stock valued at $113,712,000 after acquiring an additional 137,926 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Synaptics by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,000,456 shares of the software maker’s stock valued at $74,066,000 after acquiring an additional 17,088 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Synaptics by 469.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 814,684 shares of the software maker’s stock valued at $60,304,000 after acquiring an additional 671,647 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Synaptics by 2.6% during the 4th quarter. Victory Capital Management Inc. now owns 769,766 shares of the software maker’s stock worth $56,978,000 after acquiring an additional 19,706 shares during the last quarter. Institutional investors own 99.43% of the company’s stock.

Insider Activity

In other news, insider Esther Song sold 8,833 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $141.17, for a total value of $1,246,954.61. Following the completion of the transaction, the insider owned 12,421 shares in the company, valued at $1,753,472.57. This represents a 41.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikram Gupta sold 1,548 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $92.90, for a total transaction of $143,809.20. Following the sale, the insider directly owned 87,382 shares of the company’s stock, valued at $8,117,787.80. This represents a 1.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,837 shares of company stock worth $1,706,181 over the last quarter. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SYNA shares. Craig Hallum restated a “hold” rating and set a $145.00 price objective on shares of Synaptics in a report on Friday, June 26th. Wall Street Zen upgraded shares of Synaptics from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Rosenblatt Securities cut shares of Synaptics from a “buy” rating to a “hold” rating and reduced their price target for the stock from $180.00 to $160.00 in a research report on Friday, June 26th. Susquehanna decreased their price target on shares of Synaptics from $140.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Wells Fargo & Company upped their price objective on shares of Synaptics from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $133.45.

Synaptics Trading Up 1.1%

NASDAQ:SYNA opened at $120.62 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.04 and a quick ratio of 2.39. The business’s 50-day simple moving average is $130.04 and its 200-day simple moving average is $100.21. Synaptics Incorporated has a fifty-two week low of $58.28 and a fifty-two week high of $149.11. The stock has a market capitalization of $4.66 billion, a PE ratio of -97.27, a price-to-earnings-growth ratio of 2.85 and a beta of 1.97.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $294.20 million during 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%.Synaptics’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 EPS. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Sell-side analysts expect that Synaptics Incorporated will post 1.29 earnings per share for the current fiscal 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.