Yousif Capital Management LLC Reduces Holdings in Synaptics Incorporated $SYNA

Yousif Capital Management LLC lowered its position in shares of Synaptics Incorporated (NASDAQ:SYNA) by 3.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,939 shares of the software maker’s stock after selling 515 shares during the quarter. Yousif Capital Management LLC’s holdings in Synaptics were worth $839,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC lifted its holdings in Synaptics by 115.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,876 shares of the software maker’s stock valued at $575,000 after purchasing an additional 4,756 shares in the last quarter. SG Americas Securities LLC purchased a new position in Synaptics during the first quarter valued at approximately $320,000. Glenview Trust co lifted its holdings in Synaptics by 13.6% during the first quarter. Glenview Trust co now owns 31,455 shares of the software maker’s stock valued at $2,004,000 after purchasing an additional 3,775 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Synaptics by 7.7% during the first quarter. Federated Hermes Inc. now owns 21,413 shares of the software maker’s stock valued at $1,364,000 after purchasing an additional 1,527 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Synaptics by 32.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,016 shares of the software maker’s stock valued at $65,000 after purchasing an additional 249 shares in the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Wall Street Analyst Weigh In

SYNA has been the topic of several analyst reports. Barclays initiated coverage on shares of Synaptics in a report on Monday, August 18th. They set an “overweight” rating and a $78.00 price target on the stock. Wall Street Zen downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Synaptics from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Synaptics in a research report on Thursday, September 11th. They set a “buy” rating and a $85.00 price objective on the stock. 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. Based on data from MarketBeat.com, Synaptics presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

Synaptics Trading Down 4.5%

Shares of SYNA opened at $68.87 on Thursday. The company’s fifty day moving average is $69.44 and its 200 day moving average is $63.94. Synaptics Incorporated has a fifty-two week low of $41.80 and a fifty-two week high of $89.81. The stock has a market capitalization of $2.66 billion, a PE ratio of -56.92, a P/E/G ratio of 3.12 and a beta of 1.63. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.26 and a current ratio of 2.78.

Synaptics (NASDAQ:SYNA) last posted its quarterly 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 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 revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. Sell-side analysts expect that Synaptics Incorporated will post 0.96 earnings per share for the current fiscal year.

Synaptics announced that its board has authorized a share buyback program on Thursday, August 7th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the software maker to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are 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.