Intech Investment Management LLC Decreases Stake in Synaptics Incorporated $SYNA

Intech Investment Management LLC lowered its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 3.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,260 shares of the software maker’s stock after selling 947 shares during the quarter. Intech Investment Management LLC owned about 0.07% of Synaptics worth $1,801,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its position in Synaptics by 32.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,016 shares of the software maker’s stock worth $65,000 after acquiring an additional 249 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Synaptics by 151.1% during the 1st quarter. Parallel Advisors LLC now owns 447 shares of the software maker’s stock worth $28,000 after purchasing an additional 269 shares in the last quarter. CWM LLC raised its stake in shares of Synaptics by 32.2% in the first quarter. CWM LLC now owns 1,403 shares of the software maker’s stock worth $89,000 after acquiring an additional 342 shares during the last quarter. Quarry LP grew its holdings in Synaptics by 220.0% during the 1st quarter. Quarry LP now owns 528 shares of the software maker’s stock worth $34,000 after acquiring an additional 363 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Synaptics in the 1st quarter valued at about $25,000. 99.43% of the stock is owned by institutional investors and hedge funds.

Synaptics Price Performance

Shares of SYNA opened at $72.43 on Wednesday. The firm has a 50 day moving average of $67.50 and a 200 day moving average of $62.79. Synaptics Incorporated has a twelve month low of $41.80 and a twelve month high of $89.81. The company has a market capitalization of $2.80 billion, a P/E ratio of -59.86 and a beta of 1.63. The company has a quick ratio of 2.26, a current ratio of 2.78 and a debt-to-equity ratio of 0.60.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, August 7th. The software maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. The firm had revenue of $282.80 million for the quarter, compared to analysts’ expectations of $280.12 million. Synaptics had a negative net margin of 4.45% and a positive return on equity of 4.32%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 EPS. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. As a group, equities research analysts anticipate that Synaptics Incorporated will post 0.96 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Barclays began coverage on Synaptics in a research report on Monday, August 18th. They set an “overweight” rating and a $78.00 price objective for the company. Wall Street Zen cut Synaptics from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Zacks Research downgraded shares of Synaptics from a “hold” rating to a “strong sell” rating in a research report on Friday, August 15th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Synaptics in a report on Thursday, September 11th. They set a “buy” rating and a $85.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.43.

About Synaptics

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.