Susquehanna Lowers Synaptics (NASDAQ:SYNA) Price Target to $125.00

Synaptics (NASDAQ:SYNA) had its price objective reduced by equities research analysts at Susquehanna from $140.00 to $125.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the software maker’s stock. Susquehanna’s price objective suggests a potential upside of 3.63% from the stock’s current price.

A number of other equities analysts also recently issued reports on SYNA. Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a research note on Friday, July 17th. TD Cowen downgraded Synaptics from a “buy” rating to a “hold” rating in a research note on Friday, June 26th. Rosenblatt Securities lowered Synaptics from a “buy” rating to a “hold” rating and dropped their target price for the company from $180.00 to $160.00 in a report on Friday, June 26th. Mizuho upped their price target on Synaptics from $128.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft lowered Synaptics from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research report on Monday, June 29th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $133.45.

Synaptics Stock Up 1.1%

Synaptics stock opened at $120.62 on Tuesday. Synaptics has a 1-year low of $58.28 and a 1-year high of $149.11. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of -97.27, a price-to-earnings-growth ratio of 2.85 and a beta of 1.97. The firm’s fifty day moving average price is $130.04 and its two-hundred day moving average price is $100.21. The company has a current ratio of 3.04, a quick ratio of 2.39 and a debt-to-equity ratio of 0.62.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.32%. The firm had revenue of $294.20 million during the quarter, compared to analysts’ expectations of $290.51 million. During the same period last year, the company earned $0.90 earnings per share. The business’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, equities research analysts predict that Synaptics will post 1.29 earnings per share for the current fiscal year.

Insider Transactions at Synaptics

In related news, insider Vikram Gupta sold 692 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $147.50, for a total value of $102,070.00. Following the transaction, the insider owned 83,434 shares in the company, valued at approximately $12,306,515. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Esther Song sold 8,833 shares of the firm’s 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 sale, the insider directly owned 12,421 shares of the company’s stock, valued at $1,753,472.57. This represents a 41.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,837 shares of company stock worth $1,706,181 in the last quarter. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Synaptics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SYNA. The Manufacturers Life Insurance Company lifted its stake in shares of Synaptics by 2,384.4% during 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 buying an additional 901,379 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Synaptics by 469.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 814,684 shares of the software maker’s stock valued at $60,304,000 after buying an additional 671,647 shares in the last quarter. AQR Capital Management LLC grew its stake in Synaptics by 186.2% in the 2nd quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock valued at $28,744,000 after buying an additional 288,523 shares in the last quarter. Primecap Management Co. CA bought a new stake in Synaptics during the 4th quarter valued at $15,670,000. Finally, Squarepoint Ops LLC raised its holdings in Synaptics by 376.6% during the 2nd quarter. Squarepoint Ops LLC now owns 198,269 shares of the software maker’s stock valued at $12,852,000 after acquiring an additional 156,671 shares during the period. 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.