Synaptics (SYNA) Stock Price, News & Analysis

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.
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9 equities research analysts have issued 12-month target prices for Synaptics' stock. 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 53.5% 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 28.4% and is now trading at $81.69.
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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 quarterly earnings data on Thursday, February, 8th. The software maker reported $0.57 earnings per share for the quarter, beating 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 business's revenue for the quarter was down 32.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 earnings per share.

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 plan on Wednesday, May 3rd 2023, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 14.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

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.

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 retail and institutional 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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