Synaptics (NASDAQ:SYNA) Lowered to “Hold” Rating by Northland Securities

Northland Securities cut shares of Synaptics (NASDAQ:SYNA) from a strong-buy rating to a hold rating in a research report sent to investors on Friday,Zacks.com reports.

Several other research firms have also issued reports on SYNA. Needham & Company LLC lowered Synaptics from a “buy” rating to a “hold” rating in a research report on Friday. Wall Street Zen downgraded Synaptics from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Craig Hallum restated a “hold” rating and set a $145.00 target price on shares of Synaptics in a report on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $125.00 target price on shares of Synaptics in a research report on Friday, May 8th. Finally, Barclays set a $135.00 price target on Synaptics in a research note on Friday. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Synaptics presently has a consensus rating of “Hold” and an average target price of $131.00.

Synaptics Stock Down 3.7%

Shares of NASDAQ SYNA opened at $121.00 on Friday. Synaptics has a 1 year low of $58.28 and a 1 year high of $149.11. The firm’s 50-day moving average is $121.96 and its 200-day moving average is $94.32. The company has a current ratio of 3.04, a quick ratio of 2.39 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $4.68 billion, a PE ratio of -97.58, a price-to-earnings-growth ratio of 4.02 and a beta of 1.98.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.32%. The business had revenue of $294.20 million during the quarter, compared to the consensus estimate of $290.51 million. During the same period in the previous year, the firm posted $0.90 earnings per share. Synaptics’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. Equities analysts expect that Synaptics will post 1.3 EPS for the current year.

Insider Buying and Selling

In other Synaptics news, insider Lisa Bodensteiner sold 334 shares of Synaptics stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $138.28, for a total transaction of $46,185.52. Following the transaction, the insider directly owned 61,989 shares in the company, valued at approximately $8,571,838.92. The trade was a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 Esther Song sold 8,833 shares of the stock in a transaction dated 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 completion of the sale, the insider owned 12,421 shares of the company’s stock, valued at $1,753,472.57. This trade represents a 41.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 16,183 shares of company stock valued at $1,978,694. 0.50% of the stock is owned by company insiders.

Institutional Trading of Synaptics

Hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in Synaptics by 2,384.4% in the first quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker’s stock valued at $65,780,000 after buying an additional 901,379 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Synaptics by 469.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 814,684 shares of the software maker’s stock worth $60,304,000 after acquiring an additional 671,647 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Synaptics by 10.0% during the third quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock worth $446,241,000 after acquiring an additional 594,235 shares during the period. AQR Capital Management LLC lifted its position in 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 acquiring an additional 288,523 shares in the last quarter. Finally, Primecap Management Co. CA bought a new stake in Synaptics in the 4th quarter valued at $15,670,000. 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: onsemi’s announced acquisition of Synaptics is boosting investor attention and lifting the stock on the prospect of a takeover premium and strategic value in physical AI. Reuters article
• Positive Sentiment: Wells Fargo raised its price target on Synaptics to $160 from $155 and reiterated an overweight rating, signaling confidence in further upside from current levels. Benzinga article
• Neutral Sentiment: Rosenblatt maintained a neutral rating while trimming its price target to $160 from $180, suggesting analysts still see value but are more cautious after the deal announcement. Benzinga article
• Neutral Sentiment: Several law firms have launched shareholder investigations into whether the acquisition delivers a fair price, which could create headline risk but does not change the deal terms yet. PR Newswire article
• Negative Sentiment: Needham downgraded Synaptics from buy to hold, reflecting concern that much of the near-term upside may already be captured following the takeover announcement. Benzinga/The Fly article

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.