Synaptics (NASDAQ:SYNA) Hits New 1-Year High After Strong Earnings

Synaptics Incorporated (NASDAQ:SYNA) shares reached a new 52-week high during trading on Friday following a better than expected earnings announcement. The company traded as high as $95.08 and last traded at $89.2790, with a volume of 121275 shares changing hands. The stock had previously closed at $87.31.

The software maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.15 by $0.06. The firm had revenue of $302.50 million for the quarter, compared to analyst estimates of $300.31 million. Synaptics had a negative net margin of 5.41% and a positive return on equity of 4.76%. Synaptics’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 earnings per share. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS.

Key Stories Impacting Synaptics

Here are the key news stories impacting Synaptics this week:

• Positive Sentiment: Q2 fiscal 2026 results beat expectations — revenue $302.5M (up 13% YoY), non‑GAAP EPS $1.21, strong non‑GAAP gross margin (53.6%) and core IoT product sales +53% YoY, signaling product demand and margin leverage. GlobeNewswire Q2 Results
• Positive Sentiment: Management raised Q3 FY26 guidance well above consensus: EPS guidance $0.85–$1.15 (vs. street ~$0.66) and revenue guide $280–$300M (vs. street ~$285M) — this upside guide is a near-term earnings catalyst. Slide Deck / Press Release
• Positive Sentiment: Analysts lifted targets and ratings: Rosenblatt raised its target to $125 (buy) and Mizuho lifted its target to $103 (outperform), providing upside endorsement that can support further price appreciation. The Fly / Mizuho Benzinga (Rosenblatt)
• Positive Sentiment: Partnership news (42 Technology) on edge‑AI adoption in manufacturing highlights product/market expansion opportunities for Synaptics’ Edge AI and IoT portfolio. Partnership Article
• Neutral Sentiment: Investors and analysts can review the full earnings presentation and call transcripts for color on product mix, channel trends and margin drivers. Earnings Presentation Q2 Call Transcript
• Neutral Sentiment: Archival transcripts (Q1 2025) and third‑party post‑earnings analysis are available for deeper review of historical trends and analyst models. Yahoo Q1 2025 Transcript
• Negative Sentiment: GAAP figures remain mixed: the company reported a GAAP loss per share (~$0.38) and some metrics (net margin) still reflect legacy volatility — these items can limit valuation expansion until sustained GAAP profitability is visible. GAAP Results
• Negative Sentiment: Some market coverage noted an initial negative reaction (stock weakness/slip) as investors parsed guidance details and near‑term dynamics despite the beat — short‑term volatility may continue. Investing.com MSN

Analysts Set New Price Targets

Several research analysts have commented on SYNA shares. Oppenheimer reissued a “market perform” rating on shares of Synaptics in a research report on Tuesday, December 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a research note on Thursday, January 22nd. Wall Street Zen downgraded Synaptics from a “buy” rating to a “hold” rating in a report on Monday, January 5th. Northland Securities upped their price target on Synaptics from $85.00 to $106.00 and gave the stock an “outperform” rating in a report on Monday, December 29th. Finally, Craig Hallum reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Synaptics in a research report on Friday. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $99.91.

Insider Buying and Selling at Synaptics

In other news, insider Lisa Bodensteiner sold 7,182 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $78.68, for a total transaction of $565,079.76. Following the transaction, the insider owned 75,542 shares of the company’s stock, valued at approximately $5,943,644.56. This trade represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vikram Gupta sold 694 shares of the business’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 represents a 0.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 8,906 shares of company stock valued at $698,177. 0.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in shares of Synaptics by 10.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock worth $446,241,000 after buying an additional 594,235 shares during the last quarter. Norges Bank acquired a new stake in Synaptics during the second quarter worth about $25,876,000. AQR Capital Management LLC lifted its holdings in Synaptics by 186.2% in the second quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock worth $28,744,000 after acquiring an additional 288,523 shares during the last quarter. JPMorgan Chase & Co. lifted 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 acquiring an additional 184,303 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its stake in Synaptics by 376.6% in the second quarter. Squarepoint Ops LLC now owns 198,269 shares of the software maker’s stock valued at $12,852,000 after acquiring an additional 156,671 shares during the period. Institutional investors and hedge funds own 99.43% of the company’s stock.

Synaptics Price Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 2.86 and a quick ratio of 2.31. The company has a fifty day moving average price of $80.62 and a 200 day moving average price of $72.33. The company has a market capitalization of $3.48 billion, a P/E ratio of -56.12, a price-to-earnings-growth ratio of 3.66 and a beta of 1.72.

About Synaptics

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.