Synaptics (NASDAQ:SYNA) Coverage Initiated at Northland Securities

Northland Securities initiated coverage on shares of Synaptics (NASDAQ:SYNA) in a note issued to investors on Tuesday, MarketBeat reports. The brokerage set an “outperform” rating and a $85.00 price target on the software maker’s stock. Northland Securities’ price target would suggest a potential upside of 11.96% from the stock’s current price.

A number of other equities analysts also recently weighed in on SYNA. TD Cowen raised their target price on shares of Synaptics from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a research note on Wednesday, October 8th. Rosenblatt Securities restated a “buy” rating and set a $95.00 price target on shares of Synaptics in a report on Tuesday, November 11th. Zacks Research raised shares of Synaptics from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $85.00 target price on shares of Synaptics in a report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $87.88.

Synaptics Stock Performance

Synaptics stock opened at $75.92 on Tuesday. Synaptics has a fifty-two week low of $41.80 and a fifty-two week high of $89.81. The stock’s 50 day simple moving average is $67.95 and its two-hundred day simple moving average is $66.82. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.31 and a current ratio of 2.86. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of -65.45, a PEG ratio of 2.81 and a beta of 1.76.

Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, November 6th. The software maker reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $292.50 million during the quarter, compared to analysts’ expectations of $289.93 million. Synaptics had a positive return on equity of 4.35% and a negative net margin of 4.08%.The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. Synaptics has set its Q2 2026 guidance at 1.000-1.300 EPS. As a group, analysts expect that Synaptics will post 0.96 earnings per share for the current fiscal year.

Synaptics announced that its Board of Directors has approved a stock buyback program on Thursday, August 7th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the software maker to reacquire up to 6.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SYNA. Nordea Investment Management AB purchased a new stake in Synaptics in the 2nd quarter worth $6,991,000. Y Intercept Hong Kong Ltd bought a new position in shares of Synaptics in the second quarter worth about $750,000. Inceptionr LLC purchased a new stake in shares of Synaptics during the second quarter worth about $342,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Synaptics by 115.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,876 shares of the software maker’s stock worth $575,000 after purchasing an additional 4,756 shares in the last quarter. Finally, Icon Advisers Inc. Co. bought a new stake in Synaptics during the 2nd quarter valued at approximately $1,381,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

About Synaptics

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.