Synaptics (SYNA) Stock Price, News & Analysis

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synaptics in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SYNA shares.
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9 Wall Street research analysts have issued 12-month price objectives for Synaptics' stock. Their SYNA share price targets range from $80.00 to $195.00. On average, they expect the company's stock price to reach $125.36 in the next year. This suggests a possible upside of 54.7% from the stock's current price.
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Synaptics' stock was trading at $114.08 at the start of the year. Since then, SYNA shares have decreased by 29.0% and is now trading at $81.04.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
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Synaptics will be holding an earnings conference call on Thursday, May 9th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Synaptics Incorporated (NASDAQ:SYNA) issued its quarterly earnings results on Thursday, February, 8th. The software maker reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.11. The software maker had revenue of $237 million for the quarter, compared to the consensus estimate of $235.26 million. Synaptics had a positive trailing twelve-month return on equity of 3.01% and a negative net margin of 7.54%. Synaptics's quarterly revenue was down 32.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.47 EPS.

ETFs with the largest weight of Synaptics (NASDAQ:SYNA) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), Columbia Seligman Semiconductor and Technology ETF (SEMI), Fidelity Metaverse ETF (FMET), Global X Internet of Things Thematic ETF (SNSR) and Fidelity Electric Vehicles and Future Transportation ETF (FDRV).WisdomTree Artificial Intelligence and Innovation Fund (WTAI).

Synaptics declared that its Board of Directors has approved a share buyback program on Wednesday, May 3rd 2023, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 14.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Synaptics issued an update on its third quarter 2024 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $220.0 million-$250.0 million, compared to the consensus revenue estimate of $245.3 million.

16 employees have rated Synaptics Chief Executive Officer Michael Hurlston on Glassdoor.com. Michael Hurlston has an approval rating of 56% among the company's employees. This puts Michael Hurlston in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Synaptics investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), QUALCOMM (QCOM), Micron Technology (MU), NVIDIA (NVDA), Chipotle Mexican Grill (CMG), Alibaba Group (BABA), Endologix (ELGX), Intel (INTC) and Pfizer (PFE).

Synaptics' stock is owned by a variety of retail and institutional investors. Top institutional investors include Cardinal Capital Management (0.05%), Bridge City Capital LLC (0.05%), Allspring Global Investments Holdings LLC (0.04%), State of Michigan Retirement System (0.02%), Register Financial Advisors LLC (0.00%) and CWM LLC (0.00%). Insiders that own company stock include Ares Management Llc, Dean Warren Butler, James L Whims, Jeffrey D Buchanan, Jeffrey D Buchanan, John Mcfarland, Kermit Nolan, Kiva A Allgood, Kiva A Allgood, Michael E Hurlston, Saleel Awsare and Vikram Gupta.
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Shares of SYNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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