Synaptics (NASDAQ:SYNA) Raised to “Buy” at Wall Street Zen

Synaptics (NASDAQ:SYNA) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Other equities analysts have also issued reports about the company. TD Cowen upped their target price on Synaptics from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Northland Capmk upgraded shares of Synaptics to a “strong-buy” rating in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Synaptics in a research note on Thursday, September 11th. They set a “buy” rating and a $85.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $85.00 target price on shares of Synaptics in a report on Friday, November 7th. Finally, Northland Securities started coverage on Synaptics in a research report on Tuesday, December 2nd. They set an “outperform” rating and a $85.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.67.

Synaptics Stock Performance

Shares of Synaptics stock opened at $73.46 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.31 and a debt-to-equity ratio of 0.60. Synaptics has a 1-year low of $41.80 and a 1-year high of $89.81. The company has a market cap of $2.86 billion, a P/E ratio of -63.33, a PEG ratio of 3.08 and a beta of 1.76. The business has a 50-day moving average price of $70.67 and a two-hundred day moving average price of $68.54.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, November 6th. The software maker reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $292.50 million for the quarter, compared to analysts’ expectations of $289.93 million. Synaptics had a positive return on equity of 4.35% and a negative net margin of 4.08%.The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 EPS. Synaptics has set its Q2 2026 guidance at 1.000-1.300 EPS. As a group, analysts anticipate that Synaptics will post 0.96 EPS for the current year.

Insiders Place Their Bets

In other news, insider Vikram Gupta sold 694 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $75.00, for a total value of $52,050.00. Following the completion of the sale, the insider directly owned 100,082 shares of the company’s stock, valued at approximately $7,506,150. This trade represents a 0.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lisa Bodensteiner sold 336 shares of Synaptics stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $75.83, for a total transaction of $25,478.88. Following the sale, the insider directly owned 74,425 shares in the company, valued at $5,643,647.75. The trade was a 0.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 8,906 shares of company stock valued at $698,177 in the last ninety days. 0.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Synaptics

A number of institutional investors have recently bought and sold shares of SYNA. Ameriprise Financial Inc. boosted its position in Synaptics by 10.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock valued at $446,241,000 after acquiring an additional 594,235 shares in the last quarter. Norges Bank purchased a new position in shares of Synaptics in the 2nd quarter valued at approximately $25,876,000. AQR Capital Management LLC boosted its position in shares of Synaptics by 186.2% during the second quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock valued at $28,744,000 after purchasing an additional 288,523 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Synaptics by 51.1% in the third quarter. JPMorgan Chase & Co. now owns 544,973 shares of the software maker’s stock worth $37,243,000 after purchasing an additional 184,303 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in Synaptics by 376.6% during the second quarter. Squarepoint Ops LLC now owns 198,269 shares of the software maker’s stock valued at $12,852,000 after buying an additional 156,671 shares during the period. 99.43% of the stock is owned by institutional investors.

Synaptics Company Profile

Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.

Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.