Synaptics (NASDAQ:SYNA) Trading Up 7.8% – Still a Buy?

Synaptics Incorporated (NASDAQ:SYNA)’s share price rose 7.8% during mid-day trading on Thursday . The company traded as high as $133.66 and last traded at $132.9780. Approximately 241,131 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 923,640 shares. The stock had previously closed at $123.37.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SYNA shares. Craig Hallum reaffirmed a “hold” rating and set a $145.00 price objective on shares of Synaptics in a research report on Friday, June 26th. Northland Securities cut shares of Synaptics from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Wall Street Zen upgraded Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. TD Cowen lowered Synaptics from a “buy” rating to a “hold” rating in a report on Friday, June 26th. Finally, Wells Fargo & Company increased their price target on Synaptics from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $134.82.

Synaptics Stock Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 3.04 and a quick ratio of 2.39. The stock has a fifty day moving average price of $127.75 and a two-hundred day moving average price of $96.96. The company has a market cap of $5.11 billion, a P/E ratio of -106.69, a PEG ratio of 2.70 and a beta of 1.97.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.The business had revenue of $294.20 million during the quarter, compared to analyst estimates of $290.51 million. During the same period in the prior year, the company posted $0.90 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, equities analysts forecast that Synaptics Incorporated will post 1.3 earnings per share for the current fiscal year.

Insider Transactions at Synaptics

In other news, insider Esther Song sold 8,833 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $141.17, for a total transaction of $1,246,954.61. Following the transaction, the insider directly owned 12,421 shares of the company’s stock, valued at approximately $1,753,472.57. This trade represents a 41.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikram Gupta sold 1,548 shares of Synaptics stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $92.90, for a total transaction of $143,809.20. Following the sale, the insider owned 87,382 shares in the company, valued at approximately $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. Over the last quarter, insiders sold 16,183 shares of company stock valued at $1,978,694. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SYNA. CoreCap Advisors LLC acquired a new position in shares of Synaptics during the second quarter valued at approximately $25,000. CIBC Private Wealth Group LLC lifted its position in Synaptics by 119.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock worth $26,000 after purchasing an additional 190 shares during the period. Leonteq Securities AG bought a new position in Synaptics during the 4th quarter valued at $43,000. Lazard Asset Management LLC bought a new position in Synaptics during the 2nd quarter valued at $54,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Synaptics during the 4th quarter valued at $70,000. 99.43% of the stock is currently owned by 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.