Synaptics (NASDAQ:SYNA) Downgraded to “Hold” Rating by Wall Street Zen

Synaptics (NASDAQ:SYNA) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

SYNA has been the topic of a number of other research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Synaptics in a research report on Wednesday, October 8th. TD Cowen raised their price objective on Synaptics from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft initiated coverage on Synaptics in a research note on Thursday, September 11th. They issued a “buy” rating and a $85.00 target price for the company. Oppenheimer reissued a “market perform” rating on shares of Synaptics in a research report on Tuesday, December 16th. Finally, Zacks Research raised Synaptics from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Synaptics presently has an average rating of “Moderate Buy” and a consensus target price of $91.00.

Synaptics Trading Up 2.3%

Shares of NASDAQ SYNA opened at $75.74 on Monday. The company has a market cap of $2.95 billion, a price-to-earnings ratio of -65.29, a price-to-earnings-growth ratio of 3.17 and a beta of 1.71. The company has a current ratio of 2.86, a quick ratio of 2.31 and a debt-to-equity ratio of 0.60. Synaptics has a 12-month low of $41.80 and a 12-month high of $89.81. The stock’s 50 day simple moving average is $71.03 and its 200 day simple moving average is $68.98.

Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, November 6th. The software maker reported $1.09 earnings per share (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 analyst estimates of $289.93 million. Synaptics had a positive return on equity of 4.35% and a negative net margin of 4.08%.The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share. Synaptics has set its Q2 2026 guidance at 1.000-1.300 EPS. Equities research analysts expect that Synaptics will post 0.96 EPS for the current year.

Insider Activity

In related news, insider Lisa Bodensteiner sold 336 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $75.83, for a total transaction of $25,478.88. Following the transaction, the insider directly owned 74,425 shares in the company, valued at $5,643,647.75. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vikram Gupta sold 694 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $75.00, for a total transaction of $52,050.00. Following the sale, the insider directly owned 100,082 shares of the company’s stock, valued at $7,506,150. The trade was a 0.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,906 shares of company stock valued at $698,177 over the last 90 days. 0.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SYNA. Nordea Investment Management AB bought a new position in shares of Synaptics during the 2nd quarter valued at about $6,991,000. Norges Bank bought a new position in shares of Synaptics during the 2nd quarter worth approximately $25,876,000. Y Intercept Hong Kong Ltd purchased a new stake in Synaptics during the 2nd quarter worth approximately $750,000. Inceptionr LLC purchased a new position in shares of Synaptics during the 2nd quarter valued at about $342,000. Finally, Icon Advisers Inc. Co. acquired a new position in Synaptics in the 2nd quarter worth about $1,381,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

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.