Mutual of America Capital Management 13F: Cuts SYNA Stake by $2.7M

Mutual of America Capital Management scaled back its investment in Synaptics Incorporated SYNA, cutting its position by 65.5% during the quarter. According to a Form 13F filing on October 23, 2026, the firm parted ways with 26,353 shares of the semiconductor developer. That left the fund holding 13,861 shares with a reported value of $1.4 million at the end of the period.

SYNA Synaptics Incorporated

$117.26 ▲ +54.82% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Mutual of America's Synaptics Position

The institutional investor held 40,214 shares prior to the adjustment. Dropping the stake down to 13,861 shares reflects a major pullback by the fund in this particular tech name. On the day of the filing, Synaptics closed at $117.26.

Other Institutional Activity in Synaptics

Other large funds also adjusted their positions in Synaptics around the same reporting period. Ameriprise Financial, Inc. trimmed its holdings by 65,662 shares, ending with 7,481,694 shares worth about $877.3 million. Orbis Allan Gray Ltd cut its stake by 236,418 shares, leaving it with 1,422,657 shares valued at roughly $166.8 million. William Blair Investment Management, LLC reduced its position by 346,587 shares to finish with 1,239,622 shares worth about $145.4 million. Meanwhile, Manufacturers Life Insurance Co. lifted its holdings by 136,657 shares, growing its stake 14.5% to 1,075,878 shares valued at approximately $126.2 million.

Synaptics Incorporated Stock Down 0.2%

Synaptics shares recently traded around $117.28, sitting well above their 50-day moving average of $104.33 and 200-day moving average of $101.81. The stock has staged a strong recovery from its 52-week low of $58.28, though it remains about 21.3% below its 52-week peak of $149.11.

Recent Earnings

For the trailing twelve months, Synaptics generated $1.20 billion in revenue, alongside an EPS of negative $12.62. The company posted a net margin of negative 41.0% and a return on equity of negative 42.2%. Investors will get an updated look at the financial numbers when the company releases its next financial results on November 5, 2026.

Dividend

Synaptics does not currently pay a dividend, leaving its dividend yield and payout ratio at zero.

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Insider Buying and Selling at Synaptics Incorporated

Company insiders have been active sellers of the stock over the last few months. On August 25, 2026, insider Vikram Gupta disposed of 4,277 shares for a total value of $404,153. Chief Executive Officer Rahulkumar G. Patel sold 2,276 shares on September 21, 2026, at an average price of $93.83, totaling $213,557. Esther Song later sold 147 shares on September 25, 2026, at an average price of $100.00. More recently, CEO Patel sold another 4,302 shares on October 20, 2026, at an average price of $117.55 for a total value of $505,700.

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Analysts Set New Price Targets

Wall Street firms have adjusted their stances on the chip maker through the summer and fall. Susquehanna maintained its neutral rating with a $125.00 target on July 21, 2026. Wells Fargo maintained an overweight rating on August 7, 2026, while lowering its target from $160.00 to $140.00. Rosenblatt also maintained a neutral rating on August 7 while trimming its target to $115.00. Later, on October 2, 2026, Wells Fargo downgraded the stock to an equal-weight rating and lowered its price target to $123.00, while Rosenblatt adjusted its target to $123.00. Overall, the stock holds a consensus hold rating with a mean price target of $129.33.

About Synaptics

Synaptics Incorporated designs and sells a wide range of semiconductor products used in touch controllers, display drivers, and Internet of Things applications. Its hardware and software tools target everything from personal computers and mobile devices to smart home appliances and automotive systems. As edge artificial intelligence grows in importance, the company provides processing and connectivity solutions for physical AI and robotics.

Bottom Line

Synaptics navigates shifting demand across its consumer and industrial markets as it heads toward its November earnings release. Institutional interest remains active despite recent trimming, and investors will look to upcoming filings to gauge how large holders view the company's turnaround efforts.