Esther Song Sells 8,833 Shares of Synaptics (NASDAQ:SYNA) Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Esther Song sold 8,833 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $141.17, for a total transaction of $1,246,954.61. Following the completion of the sale, the insider owned 12,421 shares in the company, valued at $1,753,472.57. This represents a 41.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Synaptics Stock Down 4.2%

SYNA stock traded down $6.06 during mid-day trading on Friday, hitting $137.20. 1,076,886 shares of the company were exchanged, compared to its average volume of 834,796. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.39 and a current ratio of 3.04. The firm has a market cap of $5.30 billion, a P/E ratio of -110.65, a P/E/G ratio of 4.53 and a beta of 1.86. The firm’s 50 day simple moving average is $95.87 and its 200 day simple moving average is $84.41. Synaptics Incorporated has a 1-year low of $57.54 and a 1-year high of $149.11.

Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, May 7th. The software maker reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $294.20 million for the quarter, compared to the consensus estimate of $290.51 million. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.32%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the company posted $0.90 EPS. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, sell-side analysts predict that Synaptics Incorporated will post 1.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Synaptics

Several hedge funds have recently made changes to their positions in SYNA. The Manufacturers Life Insurance Company grew its stake in shares of Synaptics by 2,384.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker’s stock worth $65,780,000 after acquiring an additional 901,379 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Synaptics by 469.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 814,684 shares of the software maker’s stock valued at $60,304,000 after buying an additional 671,647 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Synaptics by 10.0% in the third quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock valued at $446,241,000 after buying an additional 594,235 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Synaptics by 186.2% in the second quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock valued at $28,744,000 after buying an additional 288,523 shares in the last quarter. Finally, Primecap Management Co. CA bought a new position in shares of Synaptics in the fourth quarter valued at $15,670,000. 99.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on SYNA. Weiss Ratings restated a “sell (d)” rating on shares of Synaptics in a report on Tuesday, April 21st. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Synaptics in a report on Friday, May 8th. Zacks Research upgraded shares of Synaptics from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Rosenblatt Securities raised their target price on shares of Synaptics from $125.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, Barclays raised their target price on shares of Synaptics from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Synaptics presently has a consensus rating of “Moderate Buy” and an average price target of $119.18.

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.