Allianz Asset Management GmbH Purchases New Shares in Synaptics Incorporated $SYNA

Allianz Asset Management GmbH acquired a new position in Synaptics Incorporated (NASDAQ:SYNA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 51,570 shares of the software maker’s stock, valued at approximately $3,524,000. Allianz Asset Management GmbH owned approximately 0.13% of Synaptics as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. State of Wyoming bought a new position in shares of Synaptics in the 3rd quarter valued at about $375,000. Jones Financial Companies Lllp raised its position in Synaptics by 11.6% during the third quarter. Jones Financial Companies Lllp now owns 35,905 shares of the software maker’s stock valued at $2,499,000 after purchasing an additional 3,718 shares during the period. AlphaQuest LLC lifted its stake in shares of Synaptics by 993.0% in the 3rd quarter. AlphaQuest LLC now owns 28,769 shares of the software maker’s stock valued at $1,966,000 after purchasing an additional 26,137 shares during the last quarter. Pier 88 Investment Partners LLC boosted its holdings in shares of Synaptics by 71.0% in the 3rd quarter. Pier 88 Investment Partners LLC now owns 16,910 shares of the software maker’s stock worth $1,156,000 after purchasing an additional 7,020 shares during the period. Finally, Stoneridge Investment Partners LLC boosted its holdings in shares of Synaptics by 7.5% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 3,653 shares of the software maker’s stock worth $250,000 after purchasing an additional 254 shares during the period. 99.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Lisa Bodensteiner sold 7,182 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $78.68, for a total value of $565,079.76. Following the completion of the transaction, the insider directly owned 75,542 shares of the company’s stock, valued at approximately $5,943,644.56. The trade was a 8.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vikram Gupta sold 694 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $75.00, for a total value of $52,050.00. Following the sale, the insider directly owned 100,082 shares in the company, valued at approximately $7,506,150. The trade was a 0.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,906 shares of company stock worth $698,177 over the last quarter. Company insiders own 0.50% of the company’s stock.

Synaptics Trading Up 5.5%

NASDAQ SYNA opened at $90.75 on Thursday. Synaptics Incorporated has a one year low of $41.80 and a one year high of $95.08. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.93. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of -57.08, a price-to-earnings-growth ratio of 3.26 and a beta of 1.72. The company’s 50-day simple moving average is $81.62 and its two-hundred day simple moving average is $72.82.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, February 5th. The software maker reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.06. The firm had revenue of $302.50 million during the quarter, compared to analysts’ expectations of $300.31 million. Synaptics had a negative net margin of 5.41% and a positive return on equity of 4.77%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 EPS. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. Equities analysts forecast that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SYNA shares. Susquehanna increased their price target on Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. JPMorgan Chase & Co. raised their target price on shares of Synaptics from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. TD Cowen reaffirmed a “buy” rating on shares of Synaptics in a research note on Friday, February 6th. Needham & Company LLC increased their price objective on shares of Synaptics from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Synaptics in a research report on Thursday, January 22nd. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $99.91.

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.