Synaptics (SYNA) Stock Price, News & Analysis

9 Wall Street research 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 research analysts is that investors should "moderate buy" SYNA shares.
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9 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 predict the company's share price to reach $125.36 in the next twelve months. This suggests a possible upside of 44.3% 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 stock has decreased by 23.9% and is now trading at $86.86.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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Synaptics Incorporated (NASDAQ:SYNA) posted its quarterly earnings results on Thursday, February, 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.11. The software maker had revenue of $237 million for the quarter, compared to analysts' expectations 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 company's 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 initiated a stock buyback program 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 reacquire up to 14.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Synaptics updated 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%), 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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