Synaptics
SYNA on Nasdaq. Synaptics sells chips and software for touch and AI devices to device makers. Market value $4.7bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to June 2026.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $2.17 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
Each dollar kept in the business earns -4 cents a year. Above 10 is good.
Quality score: 40 of 100. Price score: 12 of 100. Our list needs 70 on quality and 60 on price.
$119.39 a share, 105% above its 1-year low
Over the past year the price has ranged from $58.28 to $149.11.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $1.7bn | $1.4bn | $959m | $1.1bn | $1.2bn |
| Operating margin | |||||
| Operating margin | 20.1% | 11.4% | -10.6% | -8.8% | -5.6% |
| Debt to equity | |||||
| Debt to equity | 0.79 | 0.80 | 0.66 | 0.60 | 0.90 |
| Shares outstanding | |||||
| Shares outstanding | 0.04bn | 0.04bn | 0.04bn | 0.04bn | 0.04bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)4 of 9
- Profit backed by cash (accruals)No
- Debt0.90× equity
- Revenue growth, five yearsShrinking, 2.2% a year
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $308 million last quarter, up 9% on a year ago.
- A loss of $447 million, compared with a loss of $5 million a year ago.
- It loses 6 cents on each $1 of sales, compared with 9 cents a year earlier.
- Spare cash over the past 12 months: $101 million, down from $116 million.
- Debt is $395 million more than cash, down from $443 million a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $258m |
| December 2024 | $267m |
| March 2025 | $267m |
| June 2025 | $283m |
| September 2025 | $293m |
| December 2025 | $303m |
| March 2026 | $294m |
| June 2026 | $308m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$23m |
| December 2024 | $2m |
| March 2025 | -$22m |
| June 2025 | -$5m |
| September 2025 | -$21m |
| December 2025 | -$15m |
| March 2026 | -$8m |
| June 2026 | -$447m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 10 August 2026
- Next quarterly (estimated, 10-Q)
- 6 August 2026
Who owns it
5 long-term investors we follow own it, up from 3 last quarter. 373 funds in all.
- LSV Asset ManagementJosef Lakonishok
- Value
- $609,000
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Orbis Investment ManagementOrbis team (Allan Gray lineage) | $177m | 0.6% | Cut |
| Barrow HanleyBarrow Hanley team | $47m | 0.1% | Added |
| First Eagle Investment ManagementMatthew McLennan | $28m | <0.1% | New |
| Royce & AssociatesChuck Royce | $5m | <0.1% | New |
| LSV Asset ManagementJosef Lakonishok | $609,000 | <0.1% |
Largest holders overall
- Ameriprise Financial$930m
- BlackRock$619m
- Vanguard Portfolio Management$325m
- State Street$263m
- FMR$227mAdded
- Vanguard Capital Management$209m
- Orbis Investment Management$177mCut
- William Blair Investment Management$154mCut
- Geode Capital Management$134mAdded
- Manufacturers Life Insurance Company, the$134mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
6 investors own more than 5%.
- Ameriprise Financial, Inc.Passive investorat least 19.5%+1.5 pts(filed with 2 related holders)Since 31 March 2026
- BlackRock, Inc.Passive investor12.5%Since 31 March 2025
- Vanguard Portfolio ManagementPassive investor6.9%Since 31 March 2026
- FMR LLCPassive investorat least 5.7%(filed with 1 related holder)Since 30 June 2026
- STATE STREET CORPORATIONPassive investor5.2%Since 31 March 2025
- Vanguard Capital ManagementPassive investor5.1%Since 31 March 2026
- Orbis Investment Management LimitedPassive investorSold down below 5%Since 30 June 2025
- Orbis Investment Management (U.S.), L.P.Passive investorSold down below 5%Since 31 December 2024
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Ameriprise Financial, Inc. Passive investor | at least 19.5%+1.5 pts (filed with 2 related holders) | 31 March 2026 | |
BlackRock, Inc. Passive investor | 12.5% | 31 March 2025 | |
Vanguard Portfolio Management Passive investor | 6.9% | 31 March 2026 | |
FMR LLC Passive investor | at least 5.7% (filed with 1 related holder) | 30 June 2026 | |
STATE STREET CORPORATION Passive investor | 5.2% | 31 March 2025 | |
Vanguard Capital Management Passive investor | 5.1% | 31 March 2026 | |
Orbis Investment Management Limited Passive investor | Sold down below 5% | 30 June 2025 | |
Orbis Investment Management (U.S.), L.P. Passive investor | Sold down below 5% | 31 December 2024 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 5 sold $8m, $8m of it under preset trading plans.
- Song EstherSee RemarksSoldunder a preset trading plan
- Date
- 25 September 2026
- Shares
- 147
- Price
- $100.00
- Value
- $14,700
- Patel Rahul G.See remarks below, DirectorSoldunder a preset trading plan
- Date
- 21 September 2026
- Shares
- 2,276
- Price
- $93.83
- Value
- $213,557
- Song EstherSee RemarksSoldunder a preset trading plan
- Date
- 18 September 2026
- Shares
- 63
- Price
- $92.63
- Value
- $5,836
- Bodensteiner LisaSee RemarksSoldunder a preset trading plan
- Date
- 18 September 2026
- Shares
- 334
- Price
- $92.63
- Value
- $30,938
- Gupta VikramSee RemarksSoldunder a preset trading plan
- Date
- 25 August 2026
- Shares
- 4,277
- Price
- $94.49
- Value
- $404,153
- Patel Rahul G.See remarks below, DirectorSoldunder a preset trading plan
- Date
- 19 August 2026
- Shares
- 2,276
- Price
- $105.39
- Value
- $239,868
- Song EstherSee RemarksSoldunder a preset trading plan
- Date
- 18 August 2026
- Shares
- 437
- Price
- $103.68
- Value
- $45,308
- Gupta VikramSee RemarksSoldunder a preset trading plan
- Date
- 18 August 2026
- Shares
- 4,277
- Price
- $103.65
- Value
- $443,328
- Bodensteiner LisaSee RemarksSoldunder a preset trading plan
- Date
- 18 August 2026
- Shares
- 6,056
- Price
- $103.62
- Value
- $627,534
- Gupta VikramSee RemarksSoldunder a preset trading plan
- Date
- 27 July 2026
- Shares
- 360
- Price
- $114.20
- Value
- $41,112
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 25 September 2026 | Song Esther See Remarks | Sold under a preset trading plan | 147 | $100.00 | $14,700 |
| 21 September 2026 | Patel Rahul G. See remarks below, Director | Sold under a preset trading plan | 2,276 | $93.83 | $213,557 |
| 18 September 2026 | Song Esther See Remarks | Sold under a preset trading plan | 63 | $92.63 | $5,836 |
| 18 September 2026 | Bodensteiner Lisa See Remarks | Sold under a preset trading plan | 334 | $92.63 | $30,938 |
| 25 August 2026 | Gupta Vikram See Remarks | Sold under a preset trading plan | 4,277 | $94.49 | $404,153 |
| 19 August 2026 | Patel Rahul G. See remarks below, Director | Sold under a preset trading plan | 2,276 | $105.39 | $239,868 |
| 18 August 2026 | Song Esther See Remarks | Sold under a preset trading plan | 437 | $103.68 | $45,308 |
| 18 August 2026 | Gupta Vikram See Remarks | Sold under a preset trading plan | 4,277 | $103.65 | $443,328 |
| 18 August 2026 | Bodensteiner Lisa See Remarks | Sold under a preset trading plan | 6,056 | $103.62 | $627,534 |
| 27 July 2026 | Gupta Vikram See Remarks | Sold under a preset trading plan | 360 | $114.20 | $41,112 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- Sales have shrunk: 2.2% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
The company just told the SEC about a big change. The deep dive shows what it means for the price you pay.
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.