Synaptics (NASDAQ:SYNA) Insider Sells $565,079.76 in Stock

Synaptics Incorporated (NASDAQ:SYNA) insider Lisa Bodensteiner sold 7,182 shares of Synaptics stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $78.68, for a total value of $565,079.76. Following the completion of the transaction, the insider directly owned 75,542 shares of the company’s stock, valued at approximately $5,943,644.56. This represents a 8.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Synaptics Stock Up 2.2%

Shares of NASDAQ SYNA traded up $1.78 during midday trading on Wednesday, hitting $81.29. The stock had a trading volume of 589,690 shares, compared to its average volume of 495,746. The company has a market cap of $3.17 billion, a P/E ratio of -70.08, a PEG ratio of 3.27 and a beta of 1.76. Synaptics Incorporated has a 52 week low of $41.80 and a 52 week high of $89.81. The company has a quick ratio of 2.31, a current ratio of 2.86 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $68.65 and its 200-day moving average is $67.30.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, November 6th. The software maker reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.03. The firm had revenue of $292.50 million during the quarter, compared to analysts’ expectations of $289.93 million. Synaptics had a positive return on equity of 4.35% and a negative net margin of 4.08%.The company’s revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 earnings per share. Synaptics has set its Q2 2026 guidance at 1.000-1.300 EPS. As a group, analysts predict that Synaptics Incorporated will post 0.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SYNA shares. TD Cowen raised their price target on shares of Synaptics from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, November 7th. Barclays started coverage on shares of Synaptics in a research report on Monday, August 18th. They set an “overweight” rating and a $78.00 price objective on the stock. Zacks Research raised shares of Synaptics from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Wall Street Zen upgraded shares of Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Synaptics in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Synaptics presently has an average rating of “Moderate Buy” and an average price target of $87.88.

Hedge Funds Weigh In On Synaptics

Large investors have recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in Synaptics by 63.7% during the 1st quarter. US Bancorp DE now owns 5,468 shares of the software maker’s stock valued at $348,000 after purchasing an additional 2,128 shares during the period. PNC Financial Services Group Inc. boosted its stake in Synaptics by 32.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,016 shares of the software maker’s stock valued at $65,000 after buying an additional 249 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Synaptics by 0.5% during 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 buying an additional 2,500 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Synaptics by 1.6% in the first quarter. Deutsche Bank AG now owns 192,521 shares of the software maker’s stock valued at $12,267,000 after purchasing an additional 3,123 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Synaptics by 369.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 56,298 shares of the software maker’s stock valued at $3,587,000 after purchasing an additional 44,315 shares during the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

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.