Synaptics Incorporated $SYNA Stock Position Lifted by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 201.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,105 shares of the software maker’s stock after purchasing an additional 739 shares during the period. GAMMA Investing LLC’s holdings in Synaptics were worth $72,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Synaptics during the first quarter valued at approximately $25,000. Parallel Advisors LLC grew its position in Synaptics by 151.1% during the first quarter. Parallel Advisors LLC now owns 447 shares of the software maker’s stock valued at $28,000 after purchasing an additional 269 shares in the last quarter. Quarry LP grew its position in Synaptics by 220.0% during the first quarter. Quarry LP now owns 528 shares of the software maker’s stock valued at $34,000 after purchasing an additional 363 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Synaptics during the first quarter valued at approximately $35,000. Finally, UMB Bank n.a. grew its position in Synaptics by 408.2% during the second quarter. UMB Bank n.a. now owns 742 shares of the software maker’s stock valued at $48,000 after purchasing an additional 596 shares in the last quarter. 99.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Synaptics in a research report on Saturday, September 27th. Barclays began coverage on shares of Synaptics in a research report on Monday, August 18th. They issued an “overweight” rating and a $78.00 target price for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Synaptics in a research report on Thursday, September 11th. They issued a “buy” rating and a $85.00 target price for the company. Zacks Research raised shares of Synaptics from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Wall Street Zen downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.43.

Synaptics Price Performance

NASDAQ:SYNA opened at $69.17 on Friday. The stock has a market cap of $2.67 billion, a P/E ratio of -57.16 and a beta of 1.63. Synaptics Incorporated has a one year low of $41.80 and a one year high of $89.81. The company has a fifty day moving average price of $68.31 and a 200 day moving average price of $63.39. 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 (NASDAQ:SYNA) last released its earnings results on Thursday, August 7th. The software maker reported $1.01 EPS for the quarter, beating the consensus estimate of $1.00 by $0.01. The firm had revenue of $282.80 million during 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. Analysts anticipate that Synaptics Incorporated will post 0.96 earnings per share for the current year.

Synaptics announced that its Board of Directors has initiated a stock 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 board of directors believes its stock is undervalued.

Synaptics Company 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.