Synaptics Incorporated (NASDAQ:SYNA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Synaptics Incorporated (NASDAQ:SYNA) have been given a consensus rating of “Hold” by the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $134.8182.

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Synaptics from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Wall Street Zen upgraded Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday. Susquehanna cut Synaptics from a “positive” rating to a “neutral” rating and raised their price objective for the company from $125.00 to $140.00 in a research report on Friday, June 26th. Zacks Research upgraded Synaptics from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. Finally, Mizuho increased their price target on Synaptics from $128.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st.

Insider Buying and Selling at Synaptics

In other Synaptics news, insider Vikram Gupta sold 1,548 shares of the stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $92.90, for a total value 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $1,246,954.61. Following 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. 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 have sold a total of 16,183 shares of company stock worth $1,978,694 over the last ninety days. Insiders own 0.50% of the company’s stock.

Institutional Trading of Synaptics

Hedge funds have recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new stake in Synaptics during the second quarter worth approximately $25,000. Segall Bryant & Hamill LLC raised its holdings in Synaptics by 21.3% in the 1st quarter. Segall Bryant & Hamill LLC now owns 333,602 shares of the software maker’s stock valued at $23,365,000 after acquiring an additional 58,509 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Synaptics by 24.4% during the 1st quarter. California State Teachers Retirement System now owns 45,791 shares of the software maker’s stock valued at $3,207,000 after acquiring an additional 8,978 shares during the period. Royal Bank of Canada lifted its position in shares of Synaptics by 337.0% during the 1st quarter. Royal Bank of Canada now owns 24,939 shares of the software maker’s stock valued at $1,747,000 after acquiring an additional 19,232 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Synaptics by 2,384.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker’s stock worth $65,780,000 after purchasing an additional 901,379 shares in the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.

Synaptics Stock Down 5.0%

SYNA stock traded down $6.22 during midday trading on Tuesday, hitting $117.99. The company’s stock had a trading volume of 75,156 shares, compared to its average volume of 920,656. The company’s fifty day moving average price is $126.61 and its 200 day moving average price is $96.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.04 and a quick ratio of 2.39. Synaptics has a twelve month low of $58.28 and a twelve month high of $149.11. The stock has a market capitalization of $4.56 billion, a P/E ratio of -95.50, a PEG ratio of 2.71 and a beta of 1.97.

Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $294.20 million during the quarter, compared to analysts’ expectations of $290.51 million. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.32%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $0.90 earnings per share. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, equities research analysts predict that Synaptics will post 1.3 EPS for the current year.

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.