Bank of New York Mellon Corp Sells 20,290 Shares of Synaptics Incorporated $SYNA

Bank of New York Mellon Corp cut its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 894,004 shares of the software maker’s stock after selling 20,290 shares during the period. Bank of New York Mellon Corp’s holdings in Synaptics were worth $66,174,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Synaptics by 51.1% during the third quarter. JPMorgan Chase & Co. now owns 544,973 shares of the software maker’s stock valued at $37,243,000 after acquiring an additional 184,303 shares during 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 during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Synaptics during the third quarter valued at about $1,200,000. Allianz Asset Management GmbH bought a new position in shares of Synaptics during the third quarter valued at about $3,524,000. Finally, LSV Asset Management bought a new position in shares of Synaptics during the third quarter valued at about $3,644,000. 99.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on SYNA shares. Wells Fargo & Company upped their price objective on shares of Synaptics from $120.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday. Barclays boosted their price target on shares of Synaptics from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Craig Hallum reiterated a “hold” rating and set a $95.00 price target on shares of Synaptics in a research report on Friday, May 8th. Wall Street Zen upgraded shares of Synaptics from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Rosenblatt Securities boosted their price target on shares of Synaptics from $125.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $124.18.

Insider Transactions at Synaptics

In other news, insider Esther Song sold 8,833 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $141.17, for a total value of $1,246,954.61. Following the transaction, the insider owned 12,421 shares in the company, valued at approximately $1,753,472.57. This represents a 41.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikram Gupta sold 1,548 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $92.90, for a total transaction of $143,809.20. Following the completion of the transaction, the insider owned 87,382 shares in the company, valued at approximately $8,117,787.80. This represents a 1.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 16,057 shares of company stock worth $1,940,078. Corporate insiders own 0.50% of the company’s stock.

Synaptics Price Performance

Shares of SYNA opened at $130.88 on Wednesday. The stock has a market cap of $5.06 billion, a PE ratio of -105.55, a price-to-earnings-growth ratio of 4.35 and a beta of 1.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.39 and a current ratio of 3.04. Synaptics Incorporated has a fifty-two week low of $58.28 and a fifty-two week high of $149.11. The firm’s 50-day simple moving average is $106.12 and its two-hundred day simple moving average is $88.48.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share (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 revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Analysts anticipate that Synaptics Incorporated will post 1.3 earnings per share for the current fiscal year.

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.