Wall Street Zen Upgrades Synaptics (NASDAQ:SYNA) to Buy

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

Several other equities analysts have also weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Synaptics from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Craig Hallum restated a “hold” rating and set a $80.00 target price on shares of Synaptics in a report on Friday, February 6th. Northland Securities upped their price target on Synaptics from $85.00 to $106.00 and gave the company an “outperform” rating in a report on Monday, December 29th. Susquehanna increased their price objective on Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Synaptics in a report on Thursday, January 22nd. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.91.

Synaptics Stock Performance

SYNA opened at $81.46 on Friday. The business has a 50 day moving average price of $83.56 and a two-hundred day moving average price of $74.65. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.93 and a quick ratio of 2.33. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of -51.23, a price-to-earnings-growth ratio of 3.30 and a beta of 1.68. Synaptics has a 1-year low of $41.80 and a 1-year high of $97.00.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, February 5th. The software maker reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.06. Synaptics had a positive return on equity of 4.77% and a negative net margin of 5.41%.The company had revenue of $302.50 million for the quarter, compared to the consensus estimate of $300.31 million. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. Research analysts predict that Synaptics will post 0.96 EPS for the current fiscal year.

Insider Buying and Selling

In other Synaptics news, insider Vikram Gupta sold 772 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $81.57, for a total value of $62,972.04. Following the completion of the sale, the insider owned 95,996 shares in the company, valued at $7,830,393.72. This represents a 0.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lisa Bodensteiner sold 576 shares of Synaptics stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $84.93, for a total transaction of $48,919.68. Following the sale, the insider directly owned 72,307 shares of the company’s stock, valued at $6,141,033.51. This trade represents a 0.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,026 shares of company stock valued at $875,689 over the last three months. 0.50% of the stock is owned by insiders.

Institutional Trading of Synaptics

Several hedge funds and other institutional investors have recently modified their holdings of SYNA. Price T Rowe Associates Inc. MD grew its stake in Synaptics by 469.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 814,684 shares of the software maker’s stock valued at $60,304,000 after purchasing an additional 671,647 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Synaptics by 10.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock valued at $446,241,000 after buying an additional 594,235 shares during the last quarter. Norges Bank bought a new stake in shares of Synaptics in the 2nd quarter valued at approximately $25,876,000. AQR Capital Management LLC grew its stake in shares of Synaptics by 186.2% in the 2nd quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock valued at $28,744,000 after buying an additional 288,523 shares in the last quarter. Finally, Primecap Management Co. CA acquired a new position in Synaptics in the fourth quarter worth approximately $15,670,000. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

About Synaptics

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.