Synaptics (NASDAQ:SYNA) Earns “Buy” Rating from Rosenblatt Securities

Synaptics (NASDAQ:SYNA)‘s stock had its “buy” rating restated by stock analysts at Rosenblatt Securities in a note issued to investors on Friday,Benzinga reports. They currently have a $95.00 target price on the software maker’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 36.79% from the company’s current price.

A number of other research firms also recently weighed in on SYNA. Barclays started coverage on Synaptics in a report on Monday, August 18th. They set an “overweight” rating and a $78.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Synaptics in a report on Wednesday, October 8th. Wall Street Zen downgraded Synaptics from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Zacks Research raised Synaptics from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Synaptics in a report on Thursday, September 11th. They issued a “buy” rating and a $85.00 target price on the stock. One investment 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.00.

Synaptics Stock Down 0.6%

NASDAQ SYNA opened at $69.45 on Friday. The company has a current ratio of 2.78, a quick ratio of 2.26 and a debt-to-equity ratio of 0.60. The stock’s 50 day moving average is $69.17 and its two-hundred day moving average is $63.60. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of -57.40, a PEG ratio of 3.01 and a beta of 1.63. Synaptics has a 1-year low of $41.80 and a 1-year high of $89.81.

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

Synaptics announced that its Board of Directors has approved a stock repurchase plan on Thursday, August 7th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the software maker to reacquire up to 6.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Synaptics

Institutional investors and hedge funds have recently made changes to their positions in the business. Johnson Investment Counsel Inc. bought a new stake in shares of Synaptics during the 1st quarter valued at $216,000. SG Americas Securities LLC bought a new stake in shares of Synaptics during the 1st quarter valued at $320,000. Glenview Trust co raised its position in shares of Synaptics by 13.6% during the 1st quarter. Glenview Trust co now owns 31,455 shares of the software maker’s stock valued at $2,004,000 after acquiring an additional 3,775 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Synaptics by 7.7% during the 1st quarter. Federated Hermes Inc. now owns 21,413 shares of the software maker’s stock valued at $1,364,000 after acquiring an additional 1,527 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Synaptics by 32.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,016 shares of the software maker’s stock valued at $65,000 after acquiring an additional 249 shares during the last quarter. Institutional investors 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.