AlphaQuest LLC Buys 26,137 Shares of Synaptics Incorporated $SYNA

AlphaQuest LLC boosted its position in Synaptics Incorporated (NASDAQ:SYNA) by 993.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,769 shares of the software maker’s stock after purchasing an additional 26,137 shares during the period. AlphaQuest LLC’s holdings in Synaptics were worth $1,966,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Nordea Investment Management AB bought a new stake in shares of Synaptics in the second quarter valued at approximately $6,991,000. Norges Bank purchased a new position in Synaptics in the 2nd quarter valued at approximately $25,876,000. SG Americas Securities LLC raised its holdings in Synaptics by 632.6% during the 3rd quarter. SG Americas Securities LLC now owns 31,485 shares of the software maker’s stock valued at $2,152,000 after acquiring an additional 27,187 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Synaptics during the 2nd quarter valued at $750,000. Finally, Inceptionr LLC purchased a new stake in shares of Synaptics during the second quarter worth $342,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SYNA has been the subject of several recent research reports. Mizuho set a $94.00 price target on Synaptics in a research report on Friday, January 9th. Wall Street Zen cut Synaptics from a “buy” rating to a “hold” rating in a report on Monday, January 5th. Needham & Company LLC reissued a “buy” rating and set a $85.00 price objective on shares of Synaptics in a report on Friday, November 7th. Weiss Ratings restated a “sell (d)” rating on shares of Synaptics in a research report on Thursday, January 22nd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $95.00 target price on shares of Synaptics in a research report on Tuesday, November 11th. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Synaptics presently has an average rating of “Moderate Buy” and a consensus price target of $95.56.

Synaptics Stock Performance

Shares of SYNA opened at $82.51 on Friday. The company has a 50-day simple moving average of $78.69 and a two-hundred day simple moving average of $71.64. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.86 and a quick ratio of 2.31. The firm has a market capitalization of $3.22 billion, a PE ratio of -71.13, a price-to-earnings-growth ratio of 3.60 and a beta of 1.71. Synaptics Incorporated has a one year low of $41.80 and a one year high of $94.59.

Synaptics (NASDAQ:SYNA) last announced 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 positive return on equity of 4.35% and a negative net margin of 4.08%.The firm had revenue of $292.50 million during the quarter, compared to analyst estimates of $289.93 million. During the same quarter in the prior year, the company earned $0.81 EPS. The business’s revenue was up 13.5% compared to the same quarter last year. Synaptics has set its Q2 2026 guidance at 1.000-1.300 EPS. On average, analysts anticipate that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Insider Buying and Selling at Synaptics

In other news, insider Vikram Gupta sold 694 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $75.00, for a total transaction of $52,050.00. Following the sale, the insider owned 100,082 shares in the company, valued at approximately $7,506,150. The trade was a 0.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lisa Bodensteiner sold 7,182 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was 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 in the company, valued at $5,943,644.56. This represents a 8.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 8,906 shares of company stock valued at $698,177 in the last three months. Insiders own 0.50% of the company’s stock.

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.