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

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

Synaptics Trading Down 4.2%

Shares of Synaptics stock opened at $137.28 on Friday. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of -110.71, a PEG ratio of 4.40 and a beta of 1.86. The business has a 50-day moving average price of $97.17 and a 200-day moving average price of $84.78. The company has a quick ratio of 2.39, a current ratio of 3.04 and a debt-to-equity ratio of 0.62. Synaptics Incorporated has a twelve month low of $57.54 and a twelve month high of $149.11.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $294.20 million during the quarter, compared to analyst estimates of $290.51 million. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 earnings per share. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities research analysts anticipate that Synaptics Incorporated will post 1.3 EPS for the current fiscal year.

Institutional Trading of Synaptics

Several institutional investors and hedge funds have recently modified their holdings of SYNA. The Manufacturers Life Insurance Company raised its stake in shares of Synaptics by 2,384.4% during the first quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker’s stock valued at $65,780,000 after acquiring an additional 901,379 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Synaptics by 469.6% during 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 acquiring an additional 671,647 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Synaptics by 10.0% during the third quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock valued at $446,241,000 after acquiring an additional 594,235 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Synaptics by 186.2% during the second quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock valued at $28,744,000 after acquiring an additional 288,523 shares in the last quarter. Finally, Primecap Management Co. CA bought a new stake in shares of Synaptics during the fourth quarter valued at approximately $15,670,000. Institutional investors own 99.43% of the company’s stock.

Analyst Upgrades and Downgrades

SYNA has been the subject of a number of research analyst reports. Craig Hallum restated a “hold” rating and set a $95.00 price objective on shares of Synaptics in a research report on Friday, May 8th. Zacks Research upgraded Synaptics from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $125.00 price objective on shares of Synaptics in a research report on Friday, May 8th. Barclays raised their price objective on Synaptics from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Rosenblatt Securities increased their price target on shares of Synaptics from $125.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.