Counterpoint Mutual Funds LLC Invests $537,000 in Synaptics Incorporated $SYNA

Counterpoint Mutual Funds LLC purchased a new stake in Synaptics Incorporated (NASDAQ:SYNA) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,669 shares of the software maker’s stock, valued at approximately $537,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SYNA. Ameriprise Financial Inc. lifted its holdings in Synaptics by 10.0% during 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. State Street Corp grew its holdings in Synaptics by 0.5% during the 2nd quarter. State Street Corp now owns 2,039,202 shares of the software maker’s stock valued at $132,181,000 after buying an additional 9,335 shares in the last quarter. Orbis Allan Gray Ltd grew its holdings in Synaptics by 9.9% during the 4th quarter. Orbis Allan Gray Ltd now owns 1,536,228 shares of the software maker’s stock valued at $113,712,000 after buying an additional 137,926 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Synaptics by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 1,000,456 shares of the software maker’s stock valued at $74,066,000 after buying an additional 17,088 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position 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 buying an additional 671,647 shares during the period. 99.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SYNA has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of Synaptics from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Barclays reaffirmed an “equal weight” rating and set a $135.00 target price (up from $110.00) on shares of Synaptics in a report on Friday, June 26th. Wall Street Zen upgraded shares of Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday. TD Cowen cut shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Zacks Research raised shares of Synaptics from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $134.82.

Insider Buying and Selling

In related news, insider Esther Song sold 8,833 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 12,421 shares in the company, valued at approximately $1,753,472.57. The trade was a 41.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikram Gupta sold 1,548 shares of Synaptics stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $92.90, for a total value of $143,809.20. Following the sale, the insider directly owned 87,382 shares of the company’s stock, valued at approximately $8,117,787.80. This trade 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 ninety days, insiders sold 16,183 shares of company stock worth $1,978,694. Corporate insiders own 0.50% of the company’s stock.

Synaptics Stock Performance

Shares of SYNA opened at $119.52 on Friday. Synaptics Incorporated has a 1-year low of $58.28 and a 1-year high of $149.11. The company has a market capitalization of $4.62 billion, a P/E ratio of -96.39, a P/E/G ratio of 2.71 and a beta of 1.97. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.04 and a quick ratio of 2.39. The firm’s 50 day simple moving average is $125.82 and its 200 day simple moving average is $95.79.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results 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 during 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 quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 EPS. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Sell-side analysts forecast that Synaptics Incorporated will post 1.3 earnings per share for the current fiscal year.

Synaptics Profile

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.