Synaptics (NASDAQ:SYNA) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Synaptics (NASDAQ:SYNA) in a research report released on Thursday, MarketBeat.com reports. The firm issued a buy rating and a $85.00 price objective on the software maker’s stock.

A number of other equities analysts have also recently issued reports on the company. Zacks Research cut Synaptics from a “hold” rating to a “strong sell” rating in a report on Friday, August 15th. Wall Street Zen cut Synaptics from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Finally, Barclays initiated coverage on Synaptics in a report on Monday, August 18th. They issued an “overweight” rating and a $78.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.43.

Synaptics Price Performance

Shares of SYNA stock opened at $71.44 on Thursday. The company has a quick ratio of 2.26, a current ratio of 2.78 and a debt-to-equity ratio of 0.60. Synaptics has a twelve month low of $41.80 and a twelve month high of $89.81. The company has a market cap of $2.76 billion, a P/E ratio of -59.04 and a beta of 1.63. The business has a fifty day simple moving average of $67.31 and a 200 day simple moving average of $62.73.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Thursday, August 7th. The software maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.45%.The business had revenue of $282.80 million during the quarter, compared to the consensus estimate of $280.12 million. During the same period in the prior year, the company earned $0.64 EPS. Synaptics’s revenue for the quarter was up 14.3% on a year-over-year basis. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. On average, sell-side analysts forecast that Synaptics will post 0.96 EPS for the current fiscal year.

Synaptics announced that its Board of Directors has authorized a stock repurchase plan on Thursday, August 7th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the software maker to buy up to 6.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Synaptics

Large investors have recently added to or reduced their stakes in the business. Johnson Investment Counsel Inc. acquired a new stake in Synaptics during the first quarter worth approximately $216,000. SG Americas Securities LLC acquired a new stake in Synaptics during the first quarter worth approximately $320,000. Nuveen Asset Management LLC grew its stake in Synaptics by 4.3% during the fourth quarter. Nuveen Asset Management LLC now owns 115,441 shares of the software maker’s stock worth $8,810,000 after purchasing an additional 4,760 shares during the period. Federated Hermes Inc. grew its stake in Synaptics by 7.7% during the first quarter. Federated Hermes Inc. now owns 21,413 shares of the software maker’s stock worth $1,364,000 after purchasing an additional 1,527 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Synaptics by 32.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,016 shares of the software maker’s stock worth $65,000 after purchasing an additional 249 shares during the period. Institutional investors and hedge funds own 99.43% of the company’s stock.

Synaptics Company Profile

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.