5,596 Shares in Synaptics Incorporated $SYNA Acquired by AXQ Capital LP

AXQ Capital LP purchased a new position in Synaptics Incorporated (NASDAQ:SYNA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,596 shares of the software maker’s stock, valued at approximately $414,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SYNA. JPMorgan Chase & Co. increased its holdings in shares of 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 purchasing an additional 184,303 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Synaptics by 10.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock worth $446,241,000 after purchasing an additional 594,235 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Synaptics in the 3rd quarter worth $1,200,000. Allianz Asset Management GmbH bought a new stake in shares of Synaptics in the 3rd quarter worth $3,524,000. Finally, LSV Asset Management bought a new stake in shares of Synaptics in the 3rd quarter worth $3,644,000. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Insider Transactions at Synaptics

In other news, insider Vikram Gupta sold 692 shares of Synaptics stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $147.50, for a total value of $102,070.00. Following the sale, the insider directly owned 83,434 shares of the company’s stock, valued at approximately $12,306,515. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Esther Song sold 8,833 shares of Synaptics stock in a transaction dated 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 completion of the sale, the insider directly owned 12,421 shares in the company, valued at $1,753,472.57. This trade represents a 41.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 16,057 shares of company stock valued at $1,940,078. 0.50% of the stock is currently owned by insiders.

Synaptics Price Performance

NASDAQ:SYNA opened at $141.09 on Friday. The company has a quick ratio of 2.39, a current ratio of 3.04 and a debt-to-equity ratio of 0.62. The business’s 50-day simple moving average is $102.66 and its two-hundred day simple moving average is $87.02. The stock has a market cap of $5.45 billion, a PE ratio of -113.78, a P/E/G ratio of 4.64 and a beta of 1.98. Synaptics Incorporated has a 52 week low of $58.28 and a 52 week high of $149.11.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, May 7th. The software maker reported $1.09 EPS for the quarter, beating 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 positive return on equity of 4.32% and a negative net margin of 4.10%.The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, analysts forecast that Synaptics Incorporated will post 1.3 EPS for the current fiscal year.

Analyst Ratings Changes

SYNA has been the subject of a number of research analyst reports. Craig Hallum reissued a “hold” rating and issued a $95.00 target price on shares of Synaptics in a report on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Rosenblatt Securities lifted their target price on Synaptics from $125.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Synaptics in a report on Friday, May 8th. Finally, TD Cowen reissued a “buy” rating on shares of Synaptics in a report on Friday, February 6th. Ten 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 data from MarketBeat, Synaptics currently has an average 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.