SCHEDULE 13G/A: Orbis Investment Management Discloses 5.7% Stake in Synaptics Inc.

Orbis Investment Management Ltd. and its U.S. affiliate have disclosed a combined beneficial ownership of 5.7% in Synaptics Inc. common stock as of December 31, 2024.

Summary

• Orbis Investment Management Ltd. and Orbis Investment Management (U.S.), L.P. (collectively, the "Reporting Persons") have filed an Amendment No. 2 to Schedule 13G.
• The filing reports their beneficial ownership in Synaptics Inc. common stock (CUSIP 87157D109).
• As of December 31, 2024, the Reporting Persons collectively beneficially own 2,274,989 shares, representing 5.7% of the class.
• Orbis Investment Management Ltd., a Bermuda-based entity, holds sole voting and dispositive power over 2,234,087 shares, accounting for 5.6% of the class.
• Orbis Investment Management (U.S.), L.P., a Delaware-based entity, holds sole voting and dispositive power over 40,902 shares, accounting for 0.1% of the class.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Synaptics Inc.

Sentiment

Score: 5

Explanation: The document is a standard Schedule 13G filing, which is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• The disclosure of a significant institutional investment by Orbis Investment Management may indicate confidence or strategic interest in Synaptics Inc. by a reputable investment firm.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and potentially signal confidence in the company.

Key Dates

Keywords

Synaptics Inc, Orbis Investment Management, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investment, Equity Stake, 87157D109