Synaptics Incorporated (NASDAQ:SYNA) Given Average Rating of “Moderate Buy” by Analysts

Synaptics Incorporated (NASDAQ:SYNA) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $89.00.

Several analysts have weighed in on SYNA shares. Wall Street Zen downgraded Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Synaptics in a research report on Thursday, September 11th. They set a “buy” rating and a $85.00 price target for the company. Barclays assumed coverage on shares of Synaptics in a research report on Monday, August 18th. They issued an “overweight” rating and a $78.00 price objective on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $95.00 target price on shares of Synaptics in a research note on Friday, October 17th.

Synaptics Trading Down 2.1%

SYNA opened at $70.01 on Thursday. The company has a fifty day moving average price of $69.77 and a two-hundred day moving average price of $65.01. Synaptics has a 1-year low of $41.80 and a 1-year high of $89.81. 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 company has a market cap of $2.71 billion, a P/E ratio of -57.86, a price-to-earnings-growth ratio of 3.10 and a beta of 1.63.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, August 7th. The software maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. The company had revenue of $282.80 million during 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%.Synaptics’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the business posted $0.64 earnings per share. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. Analysts predict that Synaptics will post 0.96 EPS for the current fiscal year.

Synaptics announced that its Board of Directors has approved a share repurchase program on Thursday, August 7th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the software maker to buy up to 6.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its stake in shares of Synaptics by 22.5% in the 1st quarter. Ameriprise Financial Inc. now owns 6,098,453 shares of the software maker’s stock valued at $388,587,000 after purchasing an additional 1,118,559 shares during the period. Segall Bryant & Hamill LLC bought a new position in Synaptics in the first quarter worth $31,801,000. Norges Bank purchased a new position in Synaptics during the second quarter valued at $25,876,000. AQR Capital Management LLC boosted its holdings in shares of Synaptics by 186.2% during the 2nd quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock valued at $28,744,000 after buying an additional 288,523 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of Synaptics by 376.6% in the 2nd quarter. Squarepoint Ops LLC now owns 198,269 shares of the software maker’s stock worth $12,852,000 after buying an additional 156,671 shares during the period. 99.43% of the stock is currently owned by institutional investors.

About Synaptics

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.