Synaptics (NASDAQ:SYNA) Stock Price Down 7.1% – Should You Sell?

Synaptics Incorporated (NASDAQ:SYNA)’s share price traded down 7.1% during trading on Monday . The stock traded as low as $121.38 and last traded at $119.0690. 119,482 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 809,775 shares. The stock had previously closed at $128.23.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SYNA. Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a research report on Tuesday, April 21st. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Synaptics in a research report on Friday, May 8th. JPMorgan Chase & Co. raised their price target on Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Rosenblatt Securities lifted their price target on Synaptics from $95.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, Susquehanna boosted their price objective on Synaptics from $105.00 to $125.00 and gave the company a “positive” rating in a research note on Friday, May 8th. 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $114.18.

Synaptics Stock Up 3.8%

The business has a 50-day simple moving average of $86.71 and a two-hundred day simple moving average of $80.91. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of -99.71, a PEG ratio of 4.11 and a beta of 1.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.39 and a current ratio of 3.04.

Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $290.51 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’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. As a group, equities analysts predict that Synaptics Incorporated will post 1.21 EPS for the current year.

Insider Buying and Selling at Synaptics

In other news, insider Lisa Bodensteiner sold 1,798 shares of the business’s stock in a transaction dated 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 in the company, valued at $5,336,532.21. The trade was a 2.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 the stock in a transaction dated 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 of the company’s stock, valued at $8,117,787.80. This represents a 1.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,000 shares of company stock worth $504,287 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Synaptics

A number of large investors have recently modified their holdings of the business. State of Michigan Retirement System lifted its holdings in shares of Synaptics by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 9,333 shares of the software maker’s stock valued at $654,000 after buying an additional 100 shares during the period. LPL Financial LLC lifted its holdings in Synaptics by 3.9% in the fourth quarter. LPL Financial LLC now owns 3,216 shares of the software maker’s stock valued at $238,000 after acquiring an additional 121 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its holdings in Synaptics by 1.5% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 8,724 shares of the software maker’s stock valued at $646,000 after acquiring an additional 132 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Synaptics by 0.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 15,135 shares of the software maker’s stock worth $1,146,000 after purchasing an additional 134 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of Synaptics by 4.0% during the 4th quarter. Captrust Financial Advisors now owns 4,262 shares of the software maker’s stock worth $315,000 after purchasing an additional 163 shares during the period. 99.43% of the stock is 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.