Wall Street Zen Upgrades Synaptics (NASDAQ:SYNA) to Buy

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

A number of other research analysts have also issued reports on SYNA. Rosenblatt Securities lowered Synaptics from a “buy” rating to a “hold” rating and lowered their target price for the stock from $180.00 to $160.00 in a report on Friday, June 26th. Wells Fargo & Company upped their price target on shares of Synaptics from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Northland Securities lowered shares of Synaptics from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Mizuho lifted their price objective on shares of Synaptics from $128.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $134.82.

Synaptics Stock Performance

SYNA opened at $119.52 on Friday. The business has a 50 day moving average price of $125.82 and a two-hundred day moving average price of $95.79. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.04 and a quick ratio of 2.39. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of -96.39, a price-to-earnings-growth ratio of 2.71 and a beta of 1.97. Synaptics has a 1-year low of $58.28 and a 1-year high of $149.11.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, beating 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 company had revenue of $294.20 million for the quarter, compared to analysts’ expectations of $290.51 million. During the same period last year, the firm earned $0.90 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Research analysts predict that Synaptics will post 1.3 EPS for the current fiscal year.

Insider Transactions at Synaptics

In related news, insider Esther Song sold 8,833 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $141.17, for a total value of $1,246,954.61. Following the completion of the transaction, the insider owned 12,421 shares in the company, valued at $1,753,472.57. This trade represents a 41.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikram Gupta sold 692 shares of Synaptics stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $147.50, for a total value of $102,070.00. Following the completion of the transaction, the insider directly owned 83,434 shares in the company, valued at $12,306,515. This represents a 0.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,183 shares of company stock valued at $1,978,694 over the last three months. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Synaptics

Hedge funds have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Synaptics by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,704 shares of the software maker’s stock worth $5,780,000 after acquiring an additional 4,917 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Synaptics in the 2nd quarter valued at approximately $205,000. First Trust Advisors LP lifted its position in shares of Synaptics by 9.8% in the 2nd quarter. First Trust Advisors LP now owns 60,393 shares of the software maker’s stock valued at $3,915,000 after acquiring an additional 5,393 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Synaptics by 472.1% in the 2nd quarter. Marshall Wace LLP now owns 89,490 shares of the software maker’s stock valued at $5,801,000 after acquiring an additional 73,848 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in Synaptics by 9.1% in the 2nd quarter. Federated Hermes Inc. now owns 23,352 shares of the software maker’s stock worth $1,514,000 after purchasing an additional 1,939 shares during the period. 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.