Y Intercept Hong Kong Ltd Reduces Position in Synaptics Incorporated $SYNA

Y Intercept Hong Kong Ltd lowered its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 72.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,145 shares of the software maker’s stock after selling 8,427 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Synaptics were worth $215,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB acquired a new position in Synaptics during the 2nd quarter worth $6,991,000. Norges Bank acquired a new stake in shares of Synaptics in the 2nd quarter valued at about $25,876,000. SG Americas Securities LLC lifted its position in shares of Synaptics by 632.6% during the third quarter. SG Americas Securities LLC now owns 31,485 shares of the software maker’s stock worth $2,152,000 after purchasing an additional 27,187 shares during the last quarter. Inceptionr LLC acquired a new position in Synaptics in the second quarter worth about $342,000. Finally, Icon Advisers Inc. Co. acquired a new position in Synaptics in the second quarter worth about $1,381,000. Institutional investors and hedge funds own 99.43% of the company’s stock.

Synaptics News Roundup

Here are the key news stories impacting Synaptics this week:

• Positive Sentiment: Q2 beat — Non‑GAAP EPS of $1.21 vs. $1.15 consensus and revenue $302.5M vs. ~$300M consensus; revenue grew ~13% YoY. Strong results support near‑term earnings momentum. Synaptics Reports Second Quarter Fiscal 2026 Results
• Positive Sentiment: Raised/above‑consensus EPS guidance for Q3 FY2026: EPS guidance of $0.85–$1.15 vs. street ~$0.66 — signals management expects continued profitability on a non‑GAAP basis. Q2 2026 Earnings Call Transcript
• Positive Sentiment: Product mix tailwinds — Core IoT product sales grew ~53% YoY and non‑GAAP gross margin reported at 53.6%, highlighting improving mix and margin potential. Slide Deck / Press Release
• Neutral Sentiment: Detailed materials available — full earnings slide deck and call transcript provide more detail on segment trends and customer cadence for investors who want to dig deeper. Q2 Results – Earnings Call Presentation
• Positive Sentiment: Partnerships expanding Edge AI footprint — Synaptics announced a manufacturing/Edge AI partnership that could support long‑term IoT/edge growth (positive for revenue diversification). 42 Technology and Synaptics partner to accelerate Edge AI adoption
• Negative Sentiment: Market reaction muted/negative — despite the beat and upside EPS guide, some investors sold shares after management’s revenue/guidance details and forward commentary, suggesting worries about near‑term demand mix or that the revenue guidance range left uncertainty. Synaptics falls as investors focus on Q3 guidance despite Q2 beat
• Negative Sentiment: GAAP metrics and profitability quirks — company still showed a GAAP loss (and a negative net margin), which can temper enthusiasm despite non‑GAAP profitability and higher margins. How Key Metrics Compare to Wall Street Estimates

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. TD Cowen increased their target price on Synaptics from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Needham & Company LLC reissued a “buy” rating and set a $85.00 price target on shares of Synaptics in a research report on Friday, November 7th. Wall Street Zen downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a report on Monday, January 5th. Northland Securities boosted their target price on shares of Synaptics from $85.00 to $106.00 and gave the company an “outperform” rating in a research note on Monday, December 29th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $95.00 price target on shares of Synaptics in a research report on Tuesday, November 11th. Nine equities research analysts have rated the stock with a Buy rating, two have assigned 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 $95.56.

Synaptics Price Performance

Shares of NASDAQ SYNA opened at $87.31 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.86 and a quick ratio of 2.31. The firm has a market capitalization of $3.40 billion, a PE ratio of -75.27, a P/E/G ratio of 3.67 and a beta of 1.72. Synaptics Incorporated has a 1-year low of $41.80 and a 1-year high of $94.59. The business’s fifty day moving average price is $80.21 and its two-hundred day moving average price is $72.18.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, February 5th. The software maker reported $1.21 EPS for the quarter, topping the consensus estimate of $1.15 by $0.06. The business had revenue of $302.50 million during the quarter, compared to analyst estimates of $300.31 million. Synaptics had a negative net margin of 4.08% and a positive return on equity of 4.35%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. On average, research analysts expect that Synaptics Incorporated will post 0.96 EPS for the current year.

Insider Activity at Synaptics

In other news, insider Lisa Bodensteiner sold 336 shares of Synaptics stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $75.83, for a total transaction of $25,478.88. Following the sale, the insider owned 74,425 shares of the company’s stock, valued at approximately $5,643,647.75. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Vikram Gupta sold 694 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $75.00, for a total value of $52,050.00. Following the transaction, the insider owned 100,082 shares of the company’s stock, valued at approximately $7,506,150. This represents a 0.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 8,906 shares of company stock worth $698,177 in the last 90 days. 0.50% of the stock is owned by company insiders.

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.