Synaptics (NASDAQ:SYNA) Stock Rating Upgraded by Wall Street Zen

Synaptics (NASDAQ:SYNA) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other research analysts also recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $85.00 target price on shares of Synaptics in a report on Friday. Rosenblatt Securities restated a “buy” rating and set a $95.00 price target on shares of Synaptics in a research report on Friday, October 17th. TD Cowen upped their price target on Synaptics from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday. Barclays began coverage on Synaptics in a research report on Monday, August 18th. They set an “overweight” rating and a $78.00 price objective for the company. Finally, Zacks Research upgraded shares of Synaptics from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Synaptics has a consensus rating of “Moderate Buy” and a consensus price target of $88.29.

Synaptics Trading Down 3.7%

Synaptics stock traded down $2.53 during mid-day trading on Friday, reaching $66.08. 1,176,194 shares of the company traded hands, compared to its average volume of 495,652. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.78 and a quick ratio of 2.26. The firm’s 50 day moving average price is $69.66 and its 200 day moving average price is $65.88. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of -54.61, a P/E/G ratio of 3.03 and a beta of 1.63. Synaptics has a 52-week low of $41.80 and a 52-week high of $89.81.

Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, November 6th. The software maker reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. Synaptics had a negative net margin of 4.45% and a positive return on equity of 4.32%. The firm had revenue of $292.50 million for the quarter, compared to analyst estimates of $289.93 million. During the same quarter in the previous year, the firm posted $0.81 EPS. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. Synaptics has set its Q2 2026 guidance at 1.000-1.300 EPS. On average, analysts anticipate that Synaptics will post 0.96 earnings per share for the current fiscal year.

Synaptics announced that its Board of Directors has approved a stock buyback plan on Thursday, August 7th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the software maker to purchase up to 6.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB purchased a new stake in Synaptics during the second quarter valued at approximately $6,991,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Synaptics in the 2nd quarter worth $750,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of Synaptics by 115.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,876 shares of the software maker’s stock worth $575,000 after purchasing an additional 4,756 shares in the last quarter. Glenview Trust co raised its holdings in Synaptics by 13.6% in the 1st quarter. Glenview Trust co now owns 31,455 shares of the software maker’s stock worth $2,004,000 after purchasing an additional 3,775 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in Synaptics by 32.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,016 shares of the software maker’s stock valued at $65,000 after purchasing an additional 249 shares in the last quarter. Institutional investors own 99.43% of the company’s stock.

Synaptics Company Profile

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.