Synaptics Incorporated $SYNA is Trigran Investments Inc.’s 3rd Largest Position

Trigran Investments Inc. increased its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 692,587 shares of the software maker’s stock after acquiring an additional 31,150 shares during the period. Synaptics comprises about 10.1% of Trigran Investments Inc.’s holdings, making the stock its 3rd largest holding. Trigran Investments Inc.’s holdings in Synaptics were worth $51,265,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Synaptics by 51.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 544,973 shares of the software maker’s stock worth $37,243,000 after acquiring an additional 184,303 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Synaptics by 10.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock worth $446,241,000 after acquiring an additional 594,235 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Synaptics in the 3rd quarter worth about $1,200,000. LSV Asset Management purchased a new stake in Synaptics in the 3rd quarter worth about $3,644,000. Finally, Intech Investment Management LLC lifted its stake in Synaptics by 186.4% in the 4th quarter. Intech Investment Management LLC now owns 70,287 shares of the software maker’s stock worth $5,203,000 after acquiring an additional 45,746 shares in the last quarter. 99.43% of the stock is owned by hedge funds and other institutional investors.

Synaptics Stock Performance

Shares of NASDAQ SYNA opened at $138.44 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.39 and a current ratio of 3.04. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of -111.65, a P/E/G ratio of 4.43 and a beta of 1.98. The business’s 50-day simple moving average is $110.03 and its 200-day simple moving average is $90.01. Synaptics Incorporated has a 52 week low of $58.28 and a 52 week high of $149.11.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $294.20 million for the quarter, compared to analyst estimates of $290.51 million. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 EPS. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, equities research analysts expect that Synaptics Incorporated will post 1.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Northland Securities set a $123.00 price objective on Synaptics in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $125.00 price objective on shares of Synaptics in a research note on Friday, May 8th. Barclays upped their target price on Synaptics from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Mizuho set a $128.00 target price on Synaptics in a research report on Friday, May 8th. Finally, Craig Hallum reaffirmed a “hold” rating and issued a $95.00 target price on shares of Synaptics in a research report on Friday, May 8th. Ten 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 stock. Based on data from MarketBeat.com, Synaptics presently has a consensus rating of “Moderate Buy” and an average price target of $124.18.

Insider Activity

In other news, insider Lisa Bodensteiner sold 1,798 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $81.87, for a total transaction of $147,202.26. Following the transaction, the insider owned 65,183 shares of the company’s stock, valued at approximately $5,336,532.21. This represents a 2.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Vikram Gupta sold 1,548 shares of the stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $92.90, for a total value of $143,809.20. Following the transaction, the insider directly owned 87,382 shares in the company, valued at approximately $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. In the last quarter, insiders have sold 16,057 shares of company stock valued at $1,940,078. 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.