Synaptics (NASDAQ:SYNA) Rating Lowered to “Hold” at Wall Street Zen

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

Other equities research analysts have also recently issued research reports about the stock. Susquehanna increased their target price on shares of Synaptics from $105.00 to $125.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a research report on Tuesday, April 21st. Northland Securities set a $123.00 target price on shares of Synaptics in a research report on Friday, May 8th. Barclays increased their target price on shares of Synaptics from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Mizuho set a $128.00 target price on shares of Synaptics in a research report on Friday, May 8th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.18.

Synaptics Stock Up 1.7%

Shares of NASDAQ SYNA opened at $138.44 on Friday. The stock has a market cap of $5.35 billion, a PE ratio of -111.65, a PEG ratio of 4.36 and a beta of 1.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.39 and a current ratio of 3.04. The business has a fifty day moving average of $110.03 and a two-hundred day moving average of $89.84. Synaptics has a 52-week low of $58.28 and a 52-week high of $149.11.

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

Insiders Place Their Bets

In other Synaptics news, insider Esther Song sold 8,833 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $141.17, for a total transaction of $1,246,954.61. Following the sale, the insider owned 12,421 shares of the company’s stock, valued at $1,753,472.57. This represents a 41.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lisa Bodensteiner sold 612 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $114.83, for a total transaction of $70,275.96. Following the sale, the insider directly owned 63,106 shares in the company, valued at approximately $7,246,461.98. This represents a 0.96% 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 16,057 shares of company stock valued at $1,940,078 in the last 90 days. 0.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Synaptics

Hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC grew its holdings in Synaptics by 119.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock worth $26,000 after acquiring an additional 190 shares during the last quarter. Optiver Holding B.V. grew its holdings in Synaptics by 40.2% during the 3rd quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock worth $41,000 after acquiring an additional 170 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Synaptics by 143.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 595 shares of the software maker’s stock worth $41,000 after acquiring an additional 351 shares during the last quarter. Leonteq Securities AG bought a new stake in Synaptics during the 4th quarter worth about $43,000. Finally, Lazard Asset Management LLC bought a new stake in Synaptics during the 2nd quarter worth about $54,000. Institutional investors own 99.43% of the company’s stock.

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.