Synaptics (NASDAQ:SYNA) Hits New 52-Week High – Time to Buy?

Synaptics Incorporated (NASDAQ:SYNA) hit a new 52-week high during trading on Wednesday . The company traded as high as $148.10 and last traded at $147.57, with a volume of 907441 shares trading hands. The stock had previously closed at $143.69.

Analyst Ratings Changes

Several analysts have recently issued reports on SYNA shares. Northland Securities set a $123.00 price target on Synaptics in a research note on Friday, May 8th. Mizuho set a $128.00 price target on Synaptics in a research note on Friday, May 8th. Zacks Research upgraded Synaptics from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, TD Cowen reiterated a “buy” rating on shares of Synaptics in a research note on Friday, February 6th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.18.

Synaptics Stock Up 1.1%

The company has a current ratio of 3.04, a quick ratio of 2.39 and a debt-to-equity ratio of 0.62. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of -115.53, a PEG ratio of 4.53 and a beta of 1.86. The firm has a 50-day moving average of $95.87 and a two-hundred day moving average of $84.41.

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

Insider Activity

In related news, insider Lisa Bodensteiner sold 1,798 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $81.87, for a total transaction of $147,202.26. Following the completion of the transaction, the insider owned 65,183 shares of the company’s stock, valued at approximately $5,336,532.21. The trade was a 2.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Vikram Gupta sold 1,548 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,224 shares of company stock valued at $693,124 in the last three months. 0.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Synaptics

Several large investors have recently made changes to their positions in SYNA. 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 raised its holdings in Synaptics by 24.4% in 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 in the last quarter. Royal Bank of Canada raised its holdings in Synaptics by 337.0% in 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 in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Synaptics by 2,384.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker’s stock valued at $65,780,000 after acquiring an additional 901,379 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Synaptics by 16.6% in the 1st quarter. Quantinno Capital Management LP now owns 13,390 shares of the software maker’s stock valued at $938,000 after acquiring an additional 1,903 shares in the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

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.