VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Synaptics Incorporated $SYNA

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Synaptics Incorporated (NASDAQ:SYNA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 21,476 shares of the software maker’s stock, valued at approximately $1,392,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.06% of Synaptics as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its holdings 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 buying an additional 1,118,559 shares during the period. Trigran Investments Inc. lifted its position in 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 in the last quarter. Victory Capital Management Inc. lifted its position in 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 in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Synaptics in the 1st quarter valued at $31,801,000. Finally, Charles Schwab Investment Management Inc. lifted its position in 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 in the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Analyst Upgrades and Downgrades

SYNA has been the topic of several research reports. Wall Street Zen cut shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Synaptics in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Synaptics in a research report on Thursday, September 11th. They set a “buy” rating and a $85.00 price target 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. Finally, Barclays began coverage on shares of Synaptics in a research report on Monday, August 18th. They set an “overweight” rating and a $78.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Synaptics presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.00.

Synaptics Trading Down 4.5%

Shares of NASDAQ:SYNA opened at $68.87 on Thursday. Synaptics Incorporated has a 52-week low of $41.80 and a 52-week high of $89.81. The company has a market capitalization of $2.66 billion, a P/E ratio of -56.92, a price-to-earnings-growth ratio of 3.12 and a beta of 1.63. The company has a 50-day simple moving average of $69.44 and a 200 day simple moving average of $63.94. 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. Sell-side analysts forecast that Synaptics Incorporated will post 0.96 earnings per share for the current year.

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

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.