Synaptics Incorporated (NASDAQ:SYNA) Receives Average Rating of “Hold” from Brokerages

Synaptics Incorporated (NASDAQ:SYNA) has received a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $134.8182.

SYNA has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered Synaptics from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research note on Monday, June 29th. Susquehanna downgraded Synaptics from a “positive” rating to a “neutral” rating and lifted their price target for the stock from $125.00 to $140.00 in a research report on Friday, June 26th. JPMorgan Chase & Co. upped their price target on Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Wall Street Zen raised Synaptics from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, Needham & Company LLC downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Friday, June 26th.

Synaptics Stock Down 2.1%

NASDAQ SYNA traded down $2.74 during trading on Tuesday, reaching $126.76. The company’s stock had a trading volume of 935,756 shares, compared to its average volume of 1,339,520. 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 stock has a market capitalization of $4.90 billion, a PE ratio of -102.23, a PEG ratio of 2.87 and a beta of 1.97. The business has a 50-day moving average price of $129.38 and a 200-day moving average price of $97.55. Synaptics has a 1-year low of $58.28 and a 1-year 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. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.The firm had revenue of $294.20 million during the quarter, compared to analysts’ expectations of $290.51 million. During the same quarter in the prior year, the business earned $0.90 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, research analysts forecast that Synaptics will post 1.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Esther Song sold 8,833 shares of the business’s 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 transaction, the insider owned 12,421 shares in the company, valued at approximately $1,753,472.57. The trade was 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 the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $147.50, for a total transaction of $102,070.00. Following the completion of the sale, the insider owned 83,434 shares of the company’s stock, valued at approximately $12,306,515. The trade was a 0.82% 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 16,183 shares of company stock worth $1,978,694 in the last ninety days. Insiders own 0.50% of the company’s stock.

Institutional Trading of Synaptics

A number of institutional investors and hedge funds have recently modified their holdings of SYNA. JPMorgan Chase & Co. lifted its holdings in shares of Synaptics by 51.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 544,973 shares of the software maker’s stock worth $37,243,000 after acquiring an additional 184,303 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Synaptics by 10.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock valued at $446,241,000 after acquiring an additional 594,235 shares in the last quarter. Intech Investment Management LLC increased its stake in Synaptics by 186.4% in the fourth quarter. Intech Investment Management LLC now owns 70,287 shares of the software maker’s stock valued at $5,203,000 after acquiring an additional 45,746 shares during the period. WINTON GROUP Ltd acquired a new position in Synaptics in the third quarter worth about $6,404,000. Finally, Louisiana State Employees Retirement System acquired a new position in Synaptics in the first quarter worth about $784,000. 99.43% of the stock is currently owned by 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.