Synaptics Target of Unusually Large Options Trading (NASDAQ:SYNA)

Synaptics Incorporated (NASDAQ:SYNA) was the target of some unusual options trading on Thursday. Investors bought 3,330 put options on the stock. This is an increase of approximately 862% compared to the average daily volume of 346 put options.

Wall Street Analysts Forecast Growth

SYNA has been the subject of several research reports. Northland Capmk upgraded shares of Synaptics to a “strong-buy” rating in a research note on Tuesday. Rosenblatt Securities restated a “buy” rating and issued a $95.00 price objective on shares of Synaptics in a report on Tuesday, November 11th. Wall Street Zen raised shares of Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Zacks Research raised Synaptics from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Synaptics in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Synaptics currently has a consensus rating of “Moderate Buy” and an average price target of $87.88.

Synaptics Trading Up 2.1%

Shares of NASDAQ:SYNA opened at $77.57 on Friday. The company has a market cap of $3.02 billion, a P/E ratio of -66.87, a PEG ratio of 3.18 and a beta of 1.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.86 and a quick ratio of 2.31. Synaptics has a 1 year low of $41.80 and a 1 year high of $89.81. The stock’s fifty day moving average price is $68.24 and its 200-day moving average price is $66.98.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, November 6th. The software maker reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03. The company had revenue of $292.50 million during the quarter, compared to the consensus estimate of $289.93 million. Synaptics had a positive return on equity of 4.35% and a negative net margin of 4.08%.Synaptics’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period last year, the company earned $0.81 EPS. Synaptics has set its Q2 2026 guidance at 1.000-1.300 EPS. Sell-side analysts expect that Synaptics will post 0.96 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SYNA. Ameriprise Financial Inc. boosted its holdings in Synaptics by 10.0% in the third quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock worth $446,241,000 after purchasing an additional 594,235 shares during the last quarter. State Street Corp boosted its stake in shares of Synaptics by 0.5% in the 2nd quarter. State Street Corp now owns 2,039,202 shares of the software maker’s stock worth $132,181,000 after buying an additional 9,335 shares during the last quarter. Trigran Investments Inc. boosted its stake in shares of Synaptics by 5.5% in the 1st quarter. Trigran Investments Inc. now owns 1,130,733 shares of the software maker’s stock worth $72,050,000 after buying an additional 58,511 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Synaptics by 51.1% in the third quarter. JPMorgan Chase & Co. now owns 544,973 shares of the software maker’s stock worth $37,243,000 after acquiring an additional 184,303 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Synaptics by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 474,083 shares of the software maker’s stock valued at $30,209,000 after acquiring an additional 2,500 shares during the last quarter. 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.