Synaptics Incorporated $SYNA Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 5.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 848,368 shares of the software maker’s stock after selling 45,636 shares during the period. Bank of New York Mellon Corp’s holdings in Synaptics were worth $59,420,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SYNA. Hillsdale Investment Management Inc. acquired a new position in Synaptics during the 1st quarter valued at approximately $266,000. State of Michigan Retirement System grew its holdings in shares of Synaptics by 1.1% during the first quarter. State of Michigan Retirement System now owns 9,333 shares of the software maker’s stock valued at $654,000 after buying an additional 100 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Synaptics by 8.9% in the 1st quarter. Principal Financial Group Inc. now owns 92,037 shares of the software maker’s stock valued at $6,446,000 after acquiring an additional 7,529 shares during the period. Collaborative Fund Advisors LLC purchased a new position in Synaptics in the 1st quarter worth $224,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in Synaptics in the 1st quarter worth $537,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

Synaptics Trading Down 2.5%

Shares of NASDAQ:SYNA opened at $117.60 on Friday. The company has a current ratio of 3.04, a quick ratio of 2.39 and a debt-to-equity ratio of 0.62. Synaptics Incorporated has a 12-month low of $58.28 and a 12-month high of $149.11. The business has a 50 day moving average of $129.80 and a two-hundred day moving average of $100.50. The company has a market capitalization of $4.54 billion, a PE ratio of -94.84, a PEG ratio of 2.88 and a beta of 1.97.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $294.20 million for the quarter, compared to analysts’ expectations 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 revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $0.90 EPS. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, analysts forecast that Synaptics Incorporated will post 1.29 EPS for the current year.

Insider Transactions at Synaptics

In other Synaptics news, insider Esther Song sold 8,833 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $141.17, for a total value of $1,246,954.61. Following the sale, the insider directly owned 12,421 shares of the company’s stock, valued at approximately $1,753,472.57. This trade 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 accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikram Gupta sold 692 shares of Synaptics stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $147.50, for a total transaction of $102,070.00. Following the completion of the sale, the insider directly owned 83,434 shares in the company, valued at $12,306,515. This represents a 0.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,837 shares of company stock valued at $1,706,181 in the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SYNA has been the topic of several research analyst reports. Rosenblatt Securities downgraded Synaptics from a “buy” rating to a “hold” rating and dropped their price target for the company from $180.00 to $160.00 in a research note on Friday, June 26th. Wall Street Zen upgraded Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Deutsche Bank Aktiengesellschaft downgraded Synaptics from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Monday, June 29th. TD Cowen lowered Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Wells Fargo & Company increased their price target on shares of Synaptics from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $133.45.

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.