Synaptics’ (SYNA) Hold Rating Reaffirmed at Needham & Company LLC

Synaptics (NASDAQ:SYNA)‘s stock had its “hold” rating reissued by stock analysts at Needham & Company LLC in a report released on Friday, Marketbeat.com reports.

A number of other brokerages have also weighed in on SYNA. Wells Fargo & Company raised their price objective on Synaptics from $120.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, June 9th. Rosenblatt Securities upped their target price on shares of Synaptics from $125.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Barclays increased their target price on shares of Synaptics from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Wall Street Zen downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Mizuho set a $128.00 price target on shares of Synaptics in a research report on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $124.18.

Synaptics Stock Down 3.5%

SYNA stock opened at $125.62 on Friday. Synaptics has a 52 week low of $58.28 and a 52 week high of $149.11. The company has a quick ratio of 2.39, a current ratio of 3.04 and a debt-to-equity ratio of 0.62. The firm has a 50-day simple moving average of $121.09 and a 200-day simple moving average of $94.13. The stock has a market capitalization of $4.85 billion, a P/E ratio of -101.31, a P/E/G ratio of 4.17 and a beta of 1.98.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 EPS for the quarter, topping the consensus estimate 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 company had revenue of $294.20 million during the quarter, compared to analyst estimates of $290.51 million. During the same period in the previous year, the business earned $0.90 EPS. Synaptics’s quarterly revenue was up 10.4% on a year-over-year basis. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities analysts forecast that Synaptics will post 1.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Synaptics

In other news, insider Vikram Gupta sold 692 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $147.50, for a total transaction of $102,070.00. Following the transaction, the insider owned 83,434 shares of the company’s stock, valued at approximately $12,306,515. The trade was a 0.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Esther Song sold 8,833 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $141.17, for a total transaction of $1,246,954.61. Following the completion of 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. 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 16,183 shares of company stock worth $1,978,694 in the last three months. 0.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SYNA. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Synaptics by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,704 shares of the software maker’s stock valued at $5,780,000 after purchasing an additional 4,917 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Synaptics during the 2nd quarter worth about $205,000. First Trust Advisors LP increased its position in shares of Synaptics by 9.8% during the 2nd quarter. First Trust Advisors LP now owns 60,393 shares of the software maker’s stock worth $3,915,000 after purchasing an additional 5,393 shares during the last quarter. Marshall Wace LLP raised its holdings in Synaptics by 472.1% in the 2nd quarter. Marshall Wace LLP now owns 89,490 shares of the software maker’s stock valued at $5,801,000 after buying an additional 73,848 shares during the period. Finally, Federated Hermes Inc. raised its holdings in Synaptics by 9.1% in the 2nd quarter. Federated Hermes Inc. now owns 23,352 shares of the software maker’s stock valued at $1,514,000 after buying an additional 1,939 shares during the period. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Synaptics News Roundup

Here are the key news stories impacting Synaptics this week:

• Positive Sentiment: Synaptics agreed to be acquired by onsemi in a $7 billion all-stock deal, a move that typically supports the target’s share price and highlights the strategic value of Synaptics’ AI compute, human-machine interface, and connectivity technologies. Onsemi to buy Synaptics in $7 billion all-stock deal
• Positive Sentiment: Analysts and market commentary are pointing to potential deal synergies and growth opportunities tied to edge AI and physical AI, which is helping sentiment around the transaction. Quinn Bolton Raises ON Semiconductor Price Target to $130 on Synaptics Deal Synergies and Edge AI Growth Prospects
• Neutral Sentiment: Synaptics has also become the subject of shareholder investigations over whether investors are receiving a fair price in the sale, which adds legal uncertainty but does not change the announced deal terms yet. Shareholder Alert: Ademi LLP investigates whether Synaptics Incorporated is obtaining a Fair Price for Public Shareholders
• Negative Sentiment: The all-stock structure means Synaptics shareholders will be exposed to onsemi’s stock performance until the deal closes, so any weakness in ON could affect the value SYNA investors receive. On Semiconductor strikes $7 billion deal for Synaptics in physical AI push

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.