Synaptics Incorporated (NASDAQ:SYNA) Receives Average Rating of “Moderate Buy” from Brokerages

Synaptics Incorporated (NASDAQ:SYNA) has earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $124.1818.

Several analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of Synaptics in a research report on Friday, May 8th. Susquehanna lifted their price target on shares of Synaptics from $105.00 to $125.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $125.00 price target on shares of Synaptics in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their price objective on shares of Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Mizuho set a $128.00 price objective on shares of Synaptics in a report on Friday, May 8th.

Synaptics Stock Performance

NASDAQ SYNA opened at $140.89 on Friday. The company has a fifty day simple moving average of $115.10 and a 200 day simple moving average of $91.97. Synaptics has a 12-month low of $58.28 and a 12-month high of $149.11. The company has a current ratio of 3.04, a quick ratio of 2.39 and a debt-to-equity ratio of 0.62. The company has a market cap of $5.44 billion, a P/E ratio of -113.62, a PEG ratio of 4.28 and a beta of 1.98.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.32%. The business had revenue of $294.20 million during the quarter, compared to the consensus estimate of $290.51 million. During the same quarter last year, the firm posted $0.90 EPS. Synaptics’s revenue was up 10.4% compared to the same quarter last year. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Sell-side analysts predict that Synaptics will post 1.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Synaptics news, insider Lisa Bodensteiner sold 1,798 shares of Synaptics stock in a transaction on Monday, April 20th. The shares were sold at an average price of $81.87, for a total transaction of $147,202.26. Following the transaction, the insider directly owned 65,183 shares of the company’s stock, valued at $5,336,532.21. The trade was a 2.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Vikram Gupta sold 1,548 shares of Synaptics stock in a transaction on Monday, April 27th. The stock was sold at an average price of $92.90, for a total transaction of $143,809.20. Following the transaction, the insider directly owned 87,382 shares in the company, valued at $8,117,787.80. This represents a 1.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,183 shares of company stock valued at $1,978,694 in the last three months. 0.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Synaptics

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its holdings in shares of Synaptics by 10.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock worth $446,241,000 after buying an additional 594,235 shares during the last quarter. State Street Corp boosted its holdings in shares of Synaptics by 0.5% in the 2nd quarter. State Street Corp now owns 2,039,202 shares of the software maker’s stock worth $132,181,000 after buying an additional 9,335 shares during the last quarter. Orbis Allan Gray Ltd boosted its holdings in shares of Synaptics by 9.9% in the 4th quarter. Orbis Allan Gray Ltd now owns 1,536,228 shares of the software maker’s stock worth $113,712,000 after buying an additional 137,926 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Synaptics by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,000,456 shares of the software maker’s stock worth $74,066,000 after buying an additional 17,088 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Synaptics by 2,384.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker’s stock worth $65,780,000 after buying an additional 901,379 shares during the last quarter. 99.43% of the stock is owned by hedge funds and other institutional investors.

Synaptics Company 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.