Synaptics (NASDAQ:SYNA) Shares Gap Up Following Analyst Upgrade

Shares of Synaptics Incorporated (NASDAQ:SYNA) gapped up prior to trading on Wednesday after Rosenblatt Securities raised their price target on the stock from $125.00 to $180.00. The stock had previously closed at $123.64, but opened at $129.61. Rosenblatt Securities currently has a buy rating on the stock. Synaptics shares last traded at $132.5510, with a volume of 161,662 shares trading hands.

Several other analysts also recently issued reports on the company. Susquehanna increased their price target on Synaptics from $105.00 to $125.00 and gave the company a “positive” rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Synaptics in a research report on Tuesday, April 21st. Barclays increased their target price on Synaptics from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Zacks Research raised Synaptics from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. upped their price target on Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $119.18.

Insider Transactions at Synaptics

In related news, insider Lisa Bodensteiner sold 1,798 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $81.87, for a total value of $147,202.26. Following the completion of the transaction, the insider owned 65,183 shares of the company’s stock, valued at approximately $5,336,532.21. This represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Vikram Gupta sold 1,548 shares of Synaptics stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $92.90, for a total value of $143,809.20. Following the sale, the insider owned 87,382 shares in the company, 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. Over the last ninety days, insiders have sold 6,000 shares of company stock worth $504,287. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Synaptics

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Michigan Retirement System raised its holdings in Synaptics by 1.1% in the first quarter. State of Michigan Retirement System now owns 9,333 shares of the software maker’s stock valued at $654,000 after acquiring an additional 100 shares in the last quarter. LPL Financial LLC grew its holdings in Synaptics by 3.9% during the 4th quarter. LPL Financial LLC now owns 3,216 shares of the software maker’s stock worth $238,000 after acquiring an additional 121 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in Synaptics by 1.5% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 8,724 shares of the software maker’s stock worth $646,000 after acquiring an additional 132 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Synaptics by 0.9% in 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 during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Synaptics by 4.0% in the 4th quarter. Captrust Financial Advisors now owns 4,262 shares of the software maker’s stock valued at $315,000 after purchasing an additional 163 shares in the last quarter. Institutional investors own 99.43% of the company’s stock.

Synaptics Trading Up 6.5%

The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.39 and a current ratio of 3.04. The business’s 50 day moving average price is $86.71 and its 200-day moving average price is $80.91. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of -105.66, a price-to-earnings-growth ratio of 4.11 and a beta of 1.86.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, May 7th. The software maker reported $1.09 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $290.51 million. During the same period last year, the firm earned $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. Equities analysts expect that Synaptics Incorporated will post 1.21 EPS for the current year.

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.