Synaptics (NASDAQ:SYNA) Trading 8.9% Higher – Should You Buy?

Synaptics Incorporated (NASDAQ:SYNA) rose 8.9% during trading on Monday . The stock traded as high as $131.56 and last traded at $133.7250. Approximately 128,589 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 825,068 shares. The stock had previously closed at $122.78.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SYNA. Barclays raised their target price on Synaptics from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Susquehanna boosted their target price on Synaptics from $105.00 to $125.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Craig Hallum reiterated a “hold” rating and set a $95.00 target price on shares of Synaptics in a report on Friday, May 8th. Wall Street Zen upgraded Synaptics from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Wells Fargo & Company boosted their target price on Synaptics from $120.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Synaptics presently has a consensus rating of “Moderate Buy” and an average target price of $124.18.

Synaptics Trading Down 3.8%

The business has a 50-day moving average price of $106.12 and a two-hundred day moving average price of $88.48. The stock has a market capitalization of $5.06 billion, a P/E ratio of -105.55, a P/E/G ratio of 4.35 and a beta of 1.98. The company has a current ratio of 3.04, a quick ratio of 2.39 and a debt-to-equity ratio of 0.62.

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

Insiders Place Their Bets

In related news, insider Vikram Gupta sold 1,548 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider owned 87,382 shares of the company’s stock, valued at $8,117,787.80. This trade represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Esther Song sold 8,833 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $141.17, for a total value of $1,246,954.61. Following the sale, the insider directly owned 12,421 shares of the company’s stock, valued at $1,753,472.57. This represents a 41.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 16,057 shares of company stock valued at $1,940,078. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Synaptics

Large investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC raised its stake in Synaptics by 119.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock worth $26,000 after buying an additional 190 shares during the period. Leonteq Securities AG acquired a new position in Synaptics during the 4th quarter worth approximately $43,000. Optiver Holding B.V. raised its stake in Synaptics by 40.2% during the 3rd quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock worth $41,000 after buying an additional 170 shares during the period. Hantz Financial Services Inc. raised its stake in Synaptics by 143.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 595 shares of the software maker’s stock worth $41,000 after buying an additional 351 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in Synaptics during the 2nd quarter worth approximately $54,000. Institutional investors and hedge funds own 99.43% of the company’s stock.

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.