Legato Capital Management LLC Has $606,000 Stock Holdings in Synaptics Incorporated $SYNA

Legato Capital Management LLC trimmed its holdings in Synaptics Incorporated (NASDAQ:SYNA) by 66.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,187 shares of the software maker’s stock after selling 15,910 shares during the quarter. Legato Capital Management LLC’s holdings in Synaptics were worth $606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in SYNA. Hantz Financial Services Inc. lifted its stake in shares of Synaptics by 143.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 595 shares of the software maker’s stock valued at $41,000 after purchasing an additional 351 shares during the period. Optiver Holding B.V. lifted its stake in shares of Synaptics by 40.2% in the 3rd quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock valued at $41,000 after purchasing an additional 170 shares during the period. Leonteq Securities AG acquired a new position in shares of Synaptics in the 4th quarter valued at about $43,000. Lazard Asset Management LLC acquired a new position in shares of Synaptics in the 2nd quarter valued at about $54,000. Finally, PNC Financial Services Group Inc. lifted its stake 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 valued at $83,000 after purchasing an additional 200 shares during the period. 99.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SYNA. Weiss Ratings reissued a “sell (d)” rating on shares of Synaptics in a research note on Tuesday, April 21st. Northland Securities set a $123.00 price objective on Synaptics in a research note on Friday, May 8th. JPMorgan Chase & Co. boosted their target price on Synaptics from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Zacks Research raised Synaptics from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. Finally, Susquehanna increased their price target on Synaptics from $105.00 to $125.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Synaptics has a consensus rating of “Moderate Buy” and an average target price of $119.18.

Insider Activity at Synaptics

In other Synaptics news, insider Vikram Gupta sold 1,548 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $92.90, for a total transaction of $143,809.20. Following the sale, the insider owned 87,382 shares in the company, valued at $8,117,787.80. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lisa Bodensteiner sold 1,798 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $81.87, for a total value of $147,202.26. Following the sale, the insider owned 65,183 shares in the company, valued at approximately $5,336,532.21. This represents a 2.68% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 6,532 shares of company stock worth $591,054. 0.50% of the stock is owned by company insiders.

Synaptics Price Performance

Synaptics stock opened at $147.57 on Wednesday. Synaptics Incorporated has a 12 month low of $57.54 and a 12 month high of $148.10. The company has a current ratio of 3.04, a quick ratio of 2.39 and a debt-to-equity ratio of 0.62. The business’s 50 day simple moving average is $93.16 and its 200 day simple moving average is $83.35. The company has a market cap of $5.70 billion, a price-to-earnings ratio of -119.01, a PEG ratio of 4.60 and a beta of 1.86.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.The business had revenue of $294.20 million for the quarter, compared to the consensus estimate of $290.51 million. During the same quarter in the prior year, the business earned $0.90 earnings per share. Synaptics’s revenue for the quarter was up 10.4% on a year-over-year basis. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Sell-side analysts forecast that Synaptics Incorporated will post 1.3 EPS for the current year.

About Synaptics

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.