GHP Investment Advisors Inc. Sells 69,208 Shares of Synaptics Incorporated $SYNA

GHP Investment Advisors Inc. cut its stake in Synaptics Incorporated (NASDAQ:SYNA) by 71.7% in the second quarter, HoldingsChannel.com reports. The fund owned 27,349 shares of the software maker’s stock after selling 69,208 shares during the period. GHP Investment Advisors Inc.’s holdings in Synaptics were worth $1,773,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Ameriprise Financial Inc. increased its stake in shares of Synaptics by 22.5% in the 1st quarter. Ameriprise Financial Inc. now owns 6,098,453 shares of the software maker’s stock valued at $388,587,000 after acquiring an additional 1,118,559 shares during the last quarter. Trigran Investments Inc. increased its stake in shares of Synaptics by 5.5% in the 1st quarter. Trigran Investments Inc. now owns 1,130,733 shares of the software maker’s stock valued at $72,050,000 after acquiring an additional 58,511 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Synaptics by 11.8% in the 1st quarter. Victory Capital Management Inc. now owns 645,727 shares of the software maker’s stock valued at $41,146,000 after acquiring an additional 67,975 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Synaptics in the 1st quarter valued at about $31,801,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Synaptics by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 474,083 shares of the software maker’s stock valued at $30,209,000 after acquiring an additional 2,500 shares during the last quarter. 99.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

SYNA has been the subject of several research analyst reports. Zacks Research upgraded Synaptics from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Barclays initiated coverage on Synaptics in a research report on Monday, August 18th. They issued an “overweight” rating and a $78.00 price objective for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a research report on Wednesday, October 8th. Wall Street Zen lowered Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $95.00 price objective on shares of Synaptics in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Synaptics currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.00.

Synaptics Trading Up 0.1%

NASDAQ:SYNA opened at $71.02 on Tuesday. Synaptics Incorporated has a twelve month low of $41.80 and a twelve month high of $89.81. The company has a quick ratio of 2.26, a current ratio of 2.78 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average price of $69.86 and a two-hundred day moving average price of $65.58. The company has a market cap of $2.77 billion, a P/E ratio of -58.69, a price-to-earnings-growth ratio of 3.03 and a beta of 1.63.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, August 7th. The software maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. The firm had revenue of $282.80 million during the quarter, compared to the consensus estimate of $280.12 million. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.45%.The business’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 EPS. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. As a group, analysts expect that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Synaptics announced that its board has approved a stock repurchase plan on Thursday, August 7th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the software maker to reacquire up to 6.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

About Synaptics

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.