Dynamic Technology Lab Private Ltd grew its position in Synaptics Incorporated (NASDAQ:SYNA – Free Report) by 77.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,257 shares of the software maker’s stock after purchasing an additional 7,507 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Synaptics were worth $1,179,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in shares of Synaptics during the 2nd quarter worth $25,876,000. AQR Capital Management LLC raised its holdings in Synaptics by 186.2% in the 2nd quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock worth $28,744,000 after acquiring an additional 288,523 shares during the period. JPMorgan Chase & Co. raised its holdings in Synaptics by 51.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 544,973 shares of the software maker’s stock worth $37,243,000 after acquiring an additional 184,303 shares during the period. Squarepoint Ops LLC lifted its position in Synaptics by 376.6% during the 2nd quarter. Squarepoint Ops LLC now owns 198,269 shares of the software maker’s stock worth $12,852,000 after acquiring an additional 156,671 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Synaptics by 68.7% during the 2nd quarter. Bank of America Corp DE now owns 238,298 shares of the software maker’s stock worth $15,446,000 after acquiring an additional 97,018 shares during the last quarter. 99.43% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on SYNA shares. Mizuho raised their price target on Synaptics from $94.00 to $103.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. TD Cowen reissued a “buy” rating on shares of Synaptics in a research report on Friday, February 6th. Oppenheimer restated a “market perform” rating on shares of Synaptics in a research note on Tuesday, December 16th. Northland Securities raised their target price on Synaptics from $85.00 to $106.00 and gave the company an “outperform” rating in a report on Monday, December 29th. Finally, Rosenblatt Securities lifted their price target on Synaptics from $95.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $99.91.
Synaptics Stock Performance
NASDAQ:SYNA opened at $72.00 on Monday. The firm’s 50-day moving average is $83.81 and its 200-day moving average is $74.95. The company has a market cap of $2.79 billion, a price-to-earnings ratio of -45.28, a PEG ratio of 2.91 and a beta of 1.68. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.93. Synaptics Incorporated has a 52-week low of $41.80 and a 52-week high of $97.00.
Synaptics (NASDAQ:SYNA – Get Free Report) last released its earnings results on Thursday, February 5th. The software maker reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.06. Synaptics had a negative net margin of 5.41% and a positive return on equity of 4.77%. The business had revenue of $302.50 million during the quarter, compared to analysts’ expectations of $300.31 million. During the same quarter last year, the company earned $0.92 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. Equities research analysts anticipate that Synaptics Incorporated will post 0.96 earnings per share for the current year.
Insider Activity at Synaptics
In other news, insider Lisa Bodensteiner sold 7,182 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $78.68, for a total transaction of $565,079.76. Following the sale, the insider directly owned 75,542 shares in the company, valued at approximately $5,943,644.56. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vikram Gupta sold 772 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $81.57, for a total value of $62,972.04. Following the completion of the transaction, the insider owned 95,996 shares of the company’s stock, valued at $7,830,393.72. The trade was a 0.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 11,026 shares of company stock valued at $875,689. Insiders own 0.50% of the company’s stock.
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.
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