Synaptics (SYNA) Stock Price, News & Analysis

9 Wall Street equities 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 equities research analysts is that investors should "moderate buy" SYNA shares.
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9 equities research analysts have issued 12-month price targets for Synaptics' shares. Their SYNA share price targets range from $80.00 to $195.00. On average, they anticipate 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 beginning 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) posted its earnings results on Thursday, February, 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.11. The software maker earned $237 million during the quarter, compared to the consensus estimate of $235.26 million. Synaptics had a negative net margin of 7.54% and a positive trailing twelve-month return on equity of 3.01%. The company's quarterly revenue was down 32.9% on a year-over-year basis. During the same period last year, the company earned $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), Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and WisdomTree Artificial Intelligence and Innovation Fund (WTAI).iShares Semiconductor ETF (SOXX).

Synaptics announced that its board has authorized a share repurchase program on Wednesday, May 3rd 2023, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes 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 board of directors 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 number of institutional and retail investors. Top institutional shareholders 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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