Synaptics (NASDAQ:SYNA) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Synaptics (NASDAQ:SYNA) announced its earnings results on Thursday. The software maker reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03, FiscalAI reports. Synaptics had a negative net margin of 4.45% and a positive return on equity of 4.32%. The company had revenue of $292.50 million for the quarter, compared to analysts’ expectations of $289.93 million. During the same period last year, the firm earned $0.81 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. Synaptics updated its Q2 2026 guidance to 1.000-1.300 EPS.

Synaptics Price Performance

Synaptics stock traded down $1.56 during mid-day trading on Thursday, reaching $68.61. The company had a trading volume of 413,132 shares, compared to its average volume of 492,457. Synaptics has a fifty-two week low of $41.80 and a fifty-two week high of $89.81. The company has a current ratio of 2.78, a quick ratio of 2.26 and a debt-to-equity ratio of 0.60. The company has a market cap of $2.68 billion, a P/E ratio of -56.70, a P/E/G ratio of 3.03 and a beta of 1.63. The business has a fifty day simple moving average of $69.74 and a 200 day simple moving average of $65.77.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SYNA. Barclays began coverage on shares of Synaptics in a report on Monday, August 18th. They set an “overweight” rating and a $78.00 target price on the stock. Wall Street Zen cut shares of Synaptics from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Zacks Research raised shares of Synaptics from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Deutsche Bank Aktiengesellschaft began coverage on shares of Synaptics in a research report on Thursday, September 11th. They set a “buy” rating and a $85.00 price target on the stock. Finally, Rosenblatt Securities restated a “buy” rating and set a $95.00 price objective on shares of Synaptics in a research report on Friday, October 17th. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Synaptics presently has an average rating of “Moderate Buy” and an average target price of $89.00.

Hedge Funds Weigh In On Synaptics

A number of hedge funds have recently bought and sold shares of SYNA. AQR Capital Management LLC raised its stake in Synaptics by 186.2% during the second quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock worth $28,744,000 after buying an additional 288,523 shares during the last quarter. Squarepoint Ops LLC increased its stake in Synaptics by 376.6% in the second quarter. Squarepoint Ops LLC now owns 198,269 shares of the software maker’s stock valued at $12,852,000 after purchasing an additional 156,671 shares in the last quarter. Bank of America Corp DE increased its stake in Synaptics by 68.7% in the second quarter. Bank of America Corp DE now owns 238,298 shares of the software maker’s stock valued at $15,446,000 after purchasing an additional 97,018 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in Synaptics by 95.5% in the second quarter. Cubist Systematic Strategies LLC now owns 191,266 shares of the software maker’s stock valued at $12,398,000 after purchasing an additional 93,428 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Synaptics by 472.1% in the second quarter. Marshall Wace LLP now owns 89,490 shares of the software maker’s stock valued at $5,801,000 after purchasing an additional 73,848 shares in the last quarter. Institutional investors own 99.43% of the company’s stock.

Synaptics announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 7th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the software maker to buy up to 6.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.