Dimensional Fund Advisors LP Trims Stake in Synaptics Incorporated $SYNA

Dimensional Fund Advisors LP lowered its position in Synaptics Incorporated (NASDAQ:SYNA) by 2.2% in the 1st quarter, Holdings Channel reports. The fund owned 959,096 shares of the software maker’s stock after selling 21,669 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Synaptics were worth $67,162,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. CIBC Private Wealth Group LLC grew its stake 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 purchasing an additional 190 shares during the period. Leonteq Securities AG purchased a new position in Synaptics during the fourth quarter valued at $43,000. Lazard Asset Management LLC purchased a new position in Synaptics during the second quarter valued at $54,000. Kemnay Advisory Services Inc. bought a new stake in shares of Synaptics during the 4th quarter valued at $70,000. Finally, PNC Financial Services Group Inc. grew its position 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 buying an additional 200 shares during the period. 99.43% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Lisa Bodensteiner sold 612 shares of Synaptics stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $114.83, for a total value of $70,275.96. Following the sale, the insider directly owned 63,106 shares of the company’s stock, valued at approximately $7,246,461.98. The trade was a 0.96% 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 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 value of $79,462.36. Following the completion of the sale, the insider owned 84,126 shares in the company, valued at $9,660,188.58. This represents a 0.82% decrease in their ownership of the stock. 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 a total of 11,649 shares of company stock worth $1,603,484 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SYNA. Rosenblatt Securities lowered shares of Synaptics from a “buy” rating to a “hold” rating and decreased their price target for the stock from $180.00 to $160.00 in a research note on Friday, June 26th. Needham & Company LLC cut shares of Synaptics from a “buy” rating to a “hold” rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Synaptics from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Monday, June 29th. Craig Hallum restated a “hold” rating and set a $145.00 target price on shares of Synaptics in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Three 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. According to data from MarketBeat, Synaptics currently has an average rating of “Hold” and a consensus price target of $133.45.

Synaptics Price Performance

SYNA stock opened at $107.32 on Friday. Synaptics Incorporated has a one year low of $58.28 and a one year high of $149.11. The company’s fifty day moving average price is $127.46 and its 200-day moving average price is $101.52. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.39 and a current ratio of 3.04. The company has a market capitalization of $4.15 billion, a PE ratio of -86.55 and a beta of 1.97.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $294.20 million during the quarter, compared to analysts’ expectations of $290.51 million. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.32%. Synaptics’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the company posted $0.90 earnings per share. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, equities analysts anticipate that Synaptics Incorporated will post 1.29 EPS for the current fiscal year.

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.