Principal Financial Group Inc. Buys 7,529 Shares of Synaptics Incorporated $SYNA

Principal Financial Group Inc. grew its stake 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.’s holdings in Synaptics were worth $6,446,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. CIBC Private Wealth Group LLC raised its position in shares of Synaptics by 119.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock valued at $26,000 after buying an additional 190 shares during the last quarter. Leonteq Securities AG acquired a new stake in Synaptics during the fourth quarter worth about $43,000. Lazard Asset Management LLC acquired a new stake in Synaptics during the second quarter worth about $54,000. Kemnay Advisory Services Inc. acquired a new stake in Synaptics during the fourth quarter worth about $70,000. Finally, PNC Financial Services Group Inc. increased its stake in Synaptics by 21.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,119 shares of the software maker’s stock valued at $83,000 after acquiring an additional 200 shares during the period. Institutional investors own 99.43% of the company’s stock.

Synaptics Trading Up 3.0%

SYNA opened at $116.42 on Tuesday. The stock has a market capitalization of $4.50 billion, a PE ratio of -93.89 and a beta of 1.97. Synaptics Incorporated has a 1-year low of $58.28 and a 1-year high of $149.11. 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 firm has a 50-day moving average price of $129.44 and a two-hundred day moving average price of $100.95.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share (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 analyst estimates of $290.51 million. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, equities analysts anticipate that Synaptics Incorporated will post 1.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Vikram Gupta sold 692 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $114.83, for a total transaction of $79,462.36. Following the completion of the transaction, the insider directly owned 84,126 shares in the company, valued at approximately $9,660,188.58. The trade was a 0.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 business’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 transaction of $1,246,954.61. Following the transaction, the insider owned 12,421 shares of the company’s stock, valued at approximately $1,753,472.57. This represents a 41.56% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 11,289 shares of company stock worth $1,562,372. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SYNA shares. Northland Securities cut Synaptics from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. JPMorgan Chase & Co. lifted their price objective on Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Weiss Ratings restated a “sell (d)” rating on shares of Synaptics in a research report on Friday, July 17th. Zacks Research upgraded Synaptics from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. Finally, Needham & Company LLC cut Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, June 26th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $133.45.

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.