Synaptics Incorporated $SYNA Position Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 8.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,037 shares of the software maker’s stock after purchasing an additional 7,529 shares during the period. Principal Financial Group Inc. owned about 0.24% of Synaptics worth $6,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. CIBC Private Wealth Group LLC grew its position in Synaptics by 119.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock worth $26,000 after buying an additional 190 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of Synaptics during the 4th quarter valued at $43,000. Lazard Asset Management LLC acquired a new stake in shares of Synaptics during the 2nd quarter valued at $54,000. Kemnay Advisory Services Inc. bought a new stake in shares of Synaptics during the 4th quarter worth $70,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Synaptics by 21.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,119 shares of the software maker’s stock worth $83,000 after acquiring an additional 200 shares during the last quarter. 99.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SYNA has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Synaptics from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. increased their price target on Synaptics from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft cut Synaptics from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Monday, June 29th. Mizuho upped their price objective on shares of Synaptics from $128.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $133.45.

Synaptics Stock Up 3.0%

SYNA opened at $116.42 on Tuesday. 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 company has a market capitalization of $4.50 billion, a PE ratio of -93.89 and a beta of 1.97. The business has a 50-day moving average of $129.44 and a 200-day moving average of $100.95. Synaptics Incorporated has a fifty-two week low of $58.28 and a fifty-two week high of $149.11.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, May 7th. The software maker reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $294.20 million during 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 company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 earnings per share. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities research analysts forecast that Synaptics Incorporated will post 1.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Vikram Gupta sold 692 shares of the firm’s 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. This trade represents 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 the firm’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 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 position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,289 shares of company stock valued at $1,562,372 over the last 90 days. 0.50% of the stock is currently owned by company insiders.

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.