Should I buy or sell Synaptics stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Synaptics in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SYNA shares. View SYNA analyst ratings or view top-rated stocks .

What is Synaptics' stock price target for 2024?

9 Wall Street analysts have issued twelve-month price targets for Synaptics' stock. Their SYNA share price targets range from $80.00 to $195.00. On average, they expect the company's share price to reach $125.36 in the next year. This suggests a possible upside of 42.6% from the stock's current price. View analysts price targets for SYNA or view top-rated stocks among Wall Street analysts .

How have SYNA shares performed in 2024?

Synaptics' stock was trading at $114.08 on January 1st, 2024. Since then, SYNA shares have decreased by 22.9% and is now trading at $87.94. View the best growth stocks for 2024 here .

When is Synaptics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our SYNA earnings forecast .

How were Synaptics' earnings last quarter?

Synaptics Incorporated (NASDAQ:SYNA) released its quarterly earnings data on Thursday, February, 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. The business's quarterly revenue was down 32.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 earnings per share.

What ETFs hold Synaptics' stock?

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) , Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and WisdomTree Artificial Intelligence and Innovation Fund (WTAI) . iShares Semiconductor ETF (SOXX) .

How will Synaptics' stock buyback program work?

Synaptics declared that its Board of Directors has authorized a share buyback plan on Wednesday, May 3rd 2023, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 14.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

What guidance has Synaptics issued on next quarter's earnings?

Synaptics updated its third quarter 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share (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.

What is Michael Hurlston's approval rating as Synaptics' CEO?

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.

What other stocks do shareholders of Synaptics own?

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) .

Who are Synaptics' major shareholders?

Synaptics' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Cardinal Capital Management (0.05%), Bridge City Capital LLC (0.05%) 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. View institutional ownership trends .

How do I buy shares of Synaptics?

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. Compare Top Brokerages Here .

Does Synaptics have any subsidiaries?

The following companies are subsidiares of Synaptics: Conexant Systems, Marvell Technology - Multimedia Solutions Business, Synaptics Holding GmbH, Synaptics Hong Kong Limited, Synaptics Japan GK, Synaptics LLC, and Validity Sensors. Read More

NASDAQ:SYNA

Synaptics (SYNA) Stock Price, News & Analysis

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$87.94

-3.06 (-3.36%)

(As of 04/15/2024 ET)

Compare

Today's Range: $87.75
▼
$91.70
50-Day Range: $87.94
▼
$113.68
52-Week Range: $67.73
▼
$121.37

Volume: 315,192 shs
Average Volume: 215,336 shs
Market Capitalization: $3.46 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $125.36

Get Synaptics alerts:

Synaptics MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.78 Rating Score
Upside/Downside: 42.6% Upside
$125.36 Price Target
Short Interest: Bearish
5.83% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.52
Based on 5 Articles This Week
Insider Trading: Selling Shares
$382,392 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.48) to $1.59 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.96 out of 5 stars

Computer And Technology Sector

326th out of 594 stocks

Semiconductors & Related Devices Industry

49th out of 90 stocks

4.4

Analyst's Opinion

Consensus Rating
Synaptics has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Synaptics has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
5.83% of the outstanding shares of Synaptics have been sold short.
Short Interest Ratio / Days to Cover
Synaptics has a short interest ratio ("days to cover") of 8.2.
Change versus previous month
Short interest in Synaptics has recently decreased by 0.43%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Synaptics does not currently pay a dividend.
Dividend Growth
Synaptics does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SYNA.

2.0

News and Social Media Coverage

News Sentiment
Synaptics has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Synaptics this week, compared to 4 articles on an average week.
Search Interest
Only 2 people have searched for SYNA on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Synaptics to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Synaptics insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $382,392.00 in company stock.
Percentage Held by Insiders
Only 1.20% of the stock of Synaptics is held by insiders.
Percentage Held by Institutions
99.43% of the stock of Synaptics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Synaptics are expected to grow in the coming year, from ($0.48) to $1.59 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Synaptics is -44.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Synaptics is -44.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Synaptics has a P/B Ratio of 2.80. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Synaptics Stock (NASDAQ:SYNA)

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions. It also provides Natural ID, a fingerprint ID product that is used in notebook personal computers (PCs), PC peripherals, automobiles, and other applications; TouchPad, a touch-sensitive pad that senses the position and movement of one or more fingers on its surface; SecurePad that integrates fingerprint sensor directly into the TouchPad area; ClickPad that offers a clickable mechanical design; and ForcePad. In addition, the company offers ClearPad, which enables users to interact directly with the display on mobile smartphones, tablets, and automobiles; ClearView products that provide advanced image processing and low power technology for displays on smartphones and tablets; and TouchView products, a touch controller and display driver integration product. Further, it provides TouchPad with a pointing stick in a single notebook computer enabling users to select their interface of choice; TouchStyk, a self-contained pointing stick module; ultra-low power edge artificial intelligence platform for battery powered wireless devices; wireless connectivity solutions comprising Wi-Fi, Bluetooth, global positioning system, global navigation satellite system, and ULE; and voice over IP and digital enhanced cordless telecommunications solutions. The company sells its products through direct sales, outside sales representatives, distributors, and resellers to mobile and PC OEMs; IoT OEMs; and automotive and consumer electronics manufacturers. The company was incorporated in 1986 and is headquartered in San Jose, California.

SYNA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SYNA Stock News Headlines

April 16, 2024 | seekingalpha.com

Synaptics: Looks To Be Heading Lower

April 15, 2024 | finance.yahoo.com

Should You Think About Buying Synaptics Incorporated (NASDAQ:SYNA) Now?

April 16, 2024 | InvestorPlace (Ad)

REVEALED: Elon Musk’s Secret A.I. Facility?

I recently shot this video outside what could be Elon Musk’s biggest secret. What’s happening inside these walls is so important that our government has declared it a matter of national security.

April 10, 2024 | msn.com

Astra Platform with SL-Series Processors: Revolutionizing AI Integration in IoT

April 8, 2024 | stockhouse.com

Synaptics Astra(TM) AI-Native IoT Platform Launches with SL-Series Embedded Processors and Machina Foundation Series Development Kit

April 8, 2024 | globenewswire.com

Synaptics Astra™ AI-Native IoT Platform Launches with SL-Series Embedded Processors and Machina Foundation Series Development Kit

April 4, 2024 | finance.yahoo.com

Synaptics Incorporated (SYNA) Benefited From Rebound in PC and Smartphone Markets

April 3, 2024 | tmcnet.com

Aspinity Establishes Technical Advisory Board of Seasoned Semiconductor Industry Veterans

April 16, 2024 | InvestorPlace (Ad)

REVEALED: Elon Musk’s Secret A.I. Facility?

I recently shot this video outside what could be Elon Musk’s biggest secret. What’s happening inside these walls is so important that our government has declared it a matter of national security.

March 28, 2024 | uk.finance.yahoo.com

6G Communications Zero Energy Devices ZED Industry Research 2024: Long-term Roadmap to 2044 - Exploring Opportunities and Innovations

March 21, 2024 | 247wallst.com

2 AI Stocks Wall Street Expects to Return Up to 809% in 2024

March 21, 2024 | globenewswire.com

embedded world 2024: Synaptics Showcases Leadership in Edge AI Compute, Wireless Connectivity, and Automotive In-Cabin Experiences

March 19, 2024 | ca.finance.yahoo.com

SYNA Apr 2024 150.000 call

March 18, 2024 | finance.yahoo.com

SYNA May 2024 160.000 call

March 16, 2024 | finance.yahoo.com

SYNA Apr 2024 85.000 put

March 16, 2024 | finance.yahoo.com

SYNA Apr 2024 120.000 call

March 13, 2024 | msn.com

Kensington SD5800T Thunderbolt 4 Dock review

March 11, 2024 | msn.com

Tech Moves: Former AMD exec takes CEO reins at Kymeta; DocuSign security vet joins Proof; Fred Hutch hires VP

March 8, 2024 | finance.yahoo.com

Synaptics Stock Sees Improved Relative Strength Rating

March 7, 2024 | globenewswire.com

Synaptics Strengthens Leadership Team with the Addition of Lisa Bodensteiner as Senior Vice President, Chief Legal Officer, and Secretary

March 5, 2024 | investorplace.com

3 Cheap AI Stocks to Buy in March 2024

February 27, 2024 | globenewswire.com

Synaptics to Participate at Upcoming Investor Conferences Thursday, February 29, 2024 and Tuesday, March 5, 2024

February 27, 2024 | marketwatch.com

Silicon Labs Poaches Synaptics Finance Chief Butler

February 27, 2024 | msn.com

Synaptics Chief Financial Officer Dean Butler to resign

February 27, 2024 | msn.com

Synaptics CFO Dean Butler Resigns

February 27, 2024 | globenewswire.com

Synaptics Announces Chief Financial Officer Transition

February 25, 2024 | msn.com

Synaptics (SYNA) Price Target Increased by 6.28% to 128.52

See More Headlines

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Company Calendar

Last Earnings: 2/08/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 6/30/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Semiconductors & related devices
Sub-Industry: Computer Storage & Peripherals
Current Symbol: NASDAQ:SYNA
CUSIP: 87157D10
CIK: 817720
Web: www.synaptics.com
Phone: (408) 904-1100
Fax: 408-904-1110
Employees: 1,891
Year Founded: 1986

Price Target and Rating

Average Stock Price Target: $125.36
High Stock Price Target: $195.00
Low Stock Price Target: $80.00
Potential Upside/Downside: +42.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.78
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.99)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $73.60 million
Net Margins: -7.54%
Pretax Margin: -7.94%
Return on Equity: 3.01%
Return on Assets: 1.44%

Debt

Debt-to-Equity Ratio: 0.79
Current Ratio: 4.53
Quick Ratio: 4.04

Sales & Book Value

Annual Sales: $1.03 billion
Price / Sales: 3.36
Cash Flow: $9.45 per share
Price / Cash Flow: 9.31
Book Value: $31.46 per share
Price / Book: 2.80

Miscellaneous

Outstanding Shares: 39,300,000
Free Float: 38,828,000
Market Cap: $3.46 billion
Optionable: Optionable
Beta: 1.56

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Key Executives

Mr. Michael E. Hurlston (Age 57)
President, CEO & Director
Comp: $1.24M
Mr. Dean Warren Butler (Age 41)
Advisor
Comp: $615.53k
Mr. Divyesh Shah
Senior Vice President of Operations
Esther Song
CP, Corporate Controller & Principal Accounting Officer
Mr. Michael Brooker
Senior VP & Chief Information Officer
Munjal Shah
Investor Relations Officer
Ms. Lisa M. Bodensteiner (Age 62)
Senior VP, Chief Legal Officer and Secretary
Mr. Todd Lepinski
Senior Vice President of Worldwide Sales
Ms. Lori Stahl
Senior VP & Chief People Officer
Mr. Satish Ganesan
Senior VP, GM of Intelligent Sensing Division & Chief Strategy Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SYNA Stock Analysis - Frequently Asked Questions

Should I buy or sell Synaptics stock right now?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Synaptics in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SYNA shares.
View SYNA analyst ratings or view top-rated stocks.
What is Synaptics' stock price target for 2024?: 9 Wall Street analysts have issued twelve-month price targets for Synaptics' stock. Their SYNA share price targets range from $80.00 to $195.00. On average, they expect the company's share price to reach $125.36 in the next year. This suggests a possible upside of 42.6% from the stock's current price.
View analysts price targets for SYNA or view top-rated stocks among Wall Street analysts.
How have SYNA shares performed in 2024?: Synaptics' stock was trading at $114.08 on January 1st, 2024. Since then, SYNA shares have decreased by 22.9% and is now trading at $87.94.
View the best growth stocks for 2024 here.
When is Synaptics' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our SYNA earnings forecast.
How were Synaptics' earnings last quarter?: Synaptics Incorporated (NASDAQ:SYNA) released its quarterly earnings data on Thursday, February, 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. The business's quarterly revenue was down 32.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 earnings per share.
What ETFs hold Synaptics' stock?: 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), Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and WisdomTree Artificial Intelligence and Innovation Fund (WTAI).iShares Semiconductor ETF (SOXX).
How will Synaptics' stock buyback program work?: Synaptics declared that its Board of Directors has authorized a share buyback plan on Wednesday, May 3rd 2023, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 14.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

What guidance has Synaptics issued on next quarter's earnings?: Synaptics updated its third quarter 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share (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.
What is Michael Hurlston's approval rating as Synaptics' CEO?: 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.
What other stocks do shareholders of Synaptics own?: 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).
Who are Synaptics' major shareholders?: Synaptics' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Cardinal Capital Management (0.05%), Bridge City Capital LLC (0.05%) 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.
View institutional ownership trends.
How do I buy shares of Synaptics?: 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.
Compare Top Brokerages Here.
Does Synaptics have any subsidiaries?: The following companies are subsidiares of Synaptics: Conexant Systems, Marvell Technology - Multimedia Solutions Business, Synaptics Holding GmbH, Synaptics Hong Kong Limited, Synaptics Japan GK, Synaptics LLC, and Validity Sensors.
Read More

This page (NASDAQ:SYNA) was last updated on 4/16/2024 by MarketBeat.com Staff

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