Nordea Investment Management AB Makes New Investment in Synaptics Incorporated $SYNA

Nordea Investment Management AB purchased a new position in shares of Synaptics Incorporated (NASDAQ:SYNA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 107,822 shares of the software maker’s stock, valued at approximately $6,991,000. Nordea Investment Management AB owned approximately 0.28% of Synaptics at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SYNA. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Synaptics during the 1st quarter worth about $25,000. Quarry LP lifted its position in Synaptics by 220.0% during the 1st quarter. Quarry LP now owns 528 shares of the software maker’s stock worth $34,000 after buying an additional 363 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Synaptics during the 1st quarter worth about $35,000. Fifth Third Bancorp increased its stake in shares of Synaptics by 443.1% during the 2nd quarter. Fifth Third Bancorp now owns 630 shares of the software maker’s stock worth $41,000 after purchasing an additional 514 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Synaptics by 480.3% during the 2nd quarter. Signaturefd LLC now owns 708 shares of the software maker’s stock worth $46,000 after purchasing an additional 586 shares during the last quarter. 99.43% of the stock is owned by institutional investors.

Synaptics Stock Up 4.5%

Shares of SYNA opened at $72.58 on Tuesday. Synaptics Incorporated has a 52 week low of $41.80 and a 52 week high of $89.81. The firm has a market cap of $2.81 billion, a P/E ratio of -59.98, a price-to-earnings-growth ratio of 3.01 and a beta of 1.63. The firm’s 50-day simple moving average is $69.34 and its 200 day simple moving average is $63.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.26 and a current ratio of 2.78.

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

Synaptics announced that its board has initiated a share buyback plan on Thursday, August 7th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the software maker to buy up to 6.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SYNA shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Synaptics in a research note on Thursday, September 11th. They set a “buy” rating and a $85.00 price objective on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Synaptics in a research note on Wednesday, October 8th. Rosenblatt Securities restated a “buy” rating and set a $95.00 price objective on shares of Synaptics in a research note on Friday. Zacks Research upgraded shares of Synaptics from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Barclays started coverage on shares of Synaptics in a research note on Monday, August 18th. They set an “overweight” rating and a $78.00 price objective on the stock. One 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.00.

Synaptics Company Profile

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.