Comerica Bank Sells 502 Shares of Synaptics Incorporated $SYNA

Comerica Bank lessened its holdings in shares of Synaptics Incorporated (NASDAQ:SYNA) by 4.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,947 shares of the software maker’s stock after selling 502 shares during the quarter. Comerica Bank’s holdings in Synaptics were worth $698,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in shares of Synaptics by 22.5% in the 1st quarter. Ameriprise Financial Inc. now owns 6,098,453 shares of the software maker’s stock worth $388,587,000 after purchasing an additional 1,118,559 shares during the period. Toronto Dominion Bank bought a new position in shares of Synaptics in the 4th quarter worth $152,895,000. Trigran Investments Inc. raised its position in shares of Synaptics by 5.5% in the 1st quarter. Trigran Investments Inc. now owns 1,130,733 shares of the software maker’s stock worth $72,050,000 after acquiring an additional 58,511 shares in the last quarter. Victory Capital Management Inc. increased its position in Synaptics by 11.8% during the 1st quarter. Victory Capital Management Inc. now owns 645,727 shares of the software maker’s stock valued at $41,146,000 after buying an additional 67,975 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Synaptics by 20.7% during the 4th quarter. Wellington Management Group LLP now owns 556,643 shares of the software maker’s stock valued at $42,483,000 after buying an additional 95,432 shares in the last quarter. Institutional investors own 99.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SYNA. Zacks Research downgraded Synaptics from a “hold” rating to a “strong sell” rating in a research note on Friday, August 15th. Wall Street Zen cut Synaptics from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Finally, Barclays began coverage on Synaptics in a report on Monday, August 18th. They issued an “overweight” rating and a $78.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.33.

Synaptics Stock Up 0.5%

Synaptics stock opened at $69.90 on Friday. The stock’s fifty day moving average is $67.05 and its two-hundred day moving average is $62.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.78 and a quick ratio of 2.26. Synaptics Incorporated has a 1-year low of $41.80 and a 1-year high of $89.81. The stock has a market cap of $2.70 billion, a PE ratio of -57.77 and a beta of 1.63.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, August 7th. The software maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. The business had revenue of $282.80 million for the quarter, compared to analysts’ expectations of $280.12 million. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.45%.The business’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. On average, sell-side analysts expect that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Synaptics announced that its Board of Directors has authorized a share buyback plan on Thursday, August 7th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the software maker to reacquire up to 6.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Synaptics Profile

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.