Synaptics (NASDAQ:SYNA) Raised to Buy at Wall Street Zen

Synaptics (NASDAQ:SYNA) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other equities research analysts have also weighed in on SYNA. Barclays restated an “overweight” rating and issued a $100.00 target price on shares of Synaptics in a report on Thursday, January 15th. Northland Securities lifted their price target on Synaptics from $85.00 to $106.00 and gave the stock an “outperform” rating in a research note on Monday, December 29th. Oppenheimer restated a “market perform” rating on shares of Synaptics in a report on Tuesday, December 16th. Wells Fargo & Company raised their target price on shares of Synaptics from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Finally, TD Cowen reissued a “buy” rating on shares of Synaptics in a research report on Friday, February 6th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Synaptics currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.91.

Synaptics Stock Performance

Shares of SYNA opened at $81.46 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.93 and a quick ratio of 2.33. The firm’s 50 day moving average is $83.56 and its 200-day moving average is $74.56. Synaptics has a 12-month low of $41.80 and a 12-month high of $97.00. The stock has a market capitalization of $3.15 billion, a P/E ratio of -51.23, a P/E/G ratio of 3.09 and a beta of 1.72.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, February 5th. The software maker reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.06. The firm had revenue of $302.50 million during the quarter, compared to analysts’ expectations of $300.31 million. Synaptics had a negative net margin of 5.41% and a positive return on equity of 4.77%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. Equities research analysts anticipate that Synaptics will post 0.96 EPS for the current fiscal year.

Insider Buying and Selling

In other Synaptics news, insider Vikram Gupta sold 772 shares of Synaptics stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $81.57, for a total transaction of $62,972.04. Following the completion of the sale, the insider owned 95,996 shares of the company’s stock, valued at $7,830,393.72. This trade represents a 0.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Lisa Bodensteiner sold 576 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $84.93, for a total transaction of $48,919.68. Following the transaction, the insider owned 72,307 shares in the company, valued at approximately $6,141,033.51. This represents a 0.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 11,026 shares of company stock valued at $875,689. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Synaptics

Hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC grew its stake in shares of Synaptics by 119.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock valued at $26,000 after buying an additional 190 shares in the last quarter. Hantz Financial Services Inc. grew its position in Synaptics by 143.9% in the third quarter. Hantz Financial Services Inc. now owns 595 shares of the software maker’s stock worth $41,000 after acquiring an additional 351 shares in the last quarter. Optiver Holding B.V. grew its position in Synaptics by 40.2% in the third quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock worth $41,000 after acquiring an additional 170 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of Synaptics during the 4th quarter worth $43,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Synaptics by 50.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 708 shares of the software maker’s stock valued at $46,000 after purchasing an additional 237 shares in the last quarter. 99.43% of the stock is owned by hedge funds and other institutional investors.

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.