Counterpoint Mutual Funds LLC Buys New Shares in Synaptics Incorporated $SYNA

Counterpoint Mutual Funds LLC bought a new position in Synaptics Incorporated (NASDAQ:SYNA) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 7,669 shares of the software maker’s stock, valued at approximately $537,000.

Other hedge funds have also added to or reduced their stakes in the company. MQS Management LLC purchased a new stake in Synaptics during the first quarter valued at about $232,000. Pictet Asset Management Holding SA increased its holdings in shares of Synaptics by 11.7% in the first quarter. Pictet Asset Management Holding SA now owns 6,334 shares of the software maker’s stock worth $444,000 after buying an additional 661 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of Synaptics in the first quarter worth about $784,000. SG Americas Securities LLC lifted its stake in shares of Synaptics by 31.9% in the 1st quarter. SG Americas Securities LLC now owns 6,142 shares of the software maker’s stock valued at $430,000 after acquiring an additional 1,486 shares during the last quarter. Finally, CWC Advisors LLC. lifted its stake in shares of Synaptics by 8.8% in the 1st quarter. CWC Advisors LLC. now owns 5,079 shares of the software maker’s stock valued at $356,000 after acquiring an additional 409 shares during the last quarter. 99.43% of the stock is owned by institutional investors.

Synaptics Stock Performance

Shares of NASDAQ:SYNA opened at $119.52 on Friday. The company has a current ratio of 3.04, a quick ratio of 2.39 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average price of $125.82 and a 200-day moving average price of $95.79. The company has a market cap of $4.62 billion, a price-to-earnings ratio of -96.39, a price-to-earnings-growth ratio of 2.71 and a beta of 1.97. Synaptics Incorporated has a 12 month low of $58.28 and a 12 month high of $149.11.

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 the consensus estimate of $1.01 by $0.08. The company had revenue of $294.20 million for 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, equities analysts anticipate that Synaptics Incorporated will post 1.3 EPS for the current year.

Insider Transactions at Synaptics

In related news, insider Vikram Gupta sold 692 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $147.50, for a total transaction of $102,070.00. Following the completion of the transaction, the insider owned 83,434 shares in the company, valued at $12,306,515. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lisa Bodensteiner sold 334 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $138.28, for a total value of $46,185.52. Following the completion of the sale, the insider directly owned 61,989 shares of the company’s stock, valued at $8,571,838.92. The trade was a 0.54% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 16,183 shares of company stock worth $1,978,694. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

SYNA has been the subject of several analyst reports. Rosenblatt Securities cut Synaptics from a “buy” rating to a “hold” rating and dropped their target price for the company from $180.00 to $160.00 in a report on Friday, June 26th. Wall Street Zen raised Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday. Wells Fargo & Company boosted their price objective on Synaptics from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Susquehanna lowered Synaptics from a “positive” rating to a “neutral” rating and increased their price objective for the company from $125.00 to $140.00 in a research note on Friday, June 26th. Finally, Craig Hallum restated a “hold” rating and issued a $145.00 target price on shares of Synaptics in a 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 issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $134.82.

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.