Synaptics (NASDAQ:SYNA) Stock Rating Upgraded by Wall Street Zen

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

Several other research firms have also weighed in on SYNA. Barclays reiterated an “overweight” rating and set a $100.00 target price on shares of Synaptics in a research note on Thursday, January 15th. Rosenblatt Securities lifted their price target on shares of Synaptics from $95.00 to $125.00 and gave the company a “buy” rating in a report on Friday, February 6th. Mizuho increased their price objective on shares of Synaptics from $94.00 to $103.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Wells Fargo & Company raised their target price on shares of Synaptics from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Finally, Needham & Company LLC lifted their target price on Synaptics from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Synaptics currently has an average rating of “Moderate Buy” and an average target price of $99.91.

Synaptics Stock Performance

Shares of SYNA stock opened at $81.46 on Friday. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of -51.23, a PEG ratio of 3.09 and a beta of 1.72. Synaptics has a one year low of $41.80 and a one year high of $97.00. The company’s 50-day simple moving average is $83.56 and its 200-day simple moving average is $74.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.93.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Thursday, February 5th. The software maker reported $1.21 earnings per share (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 analysts’ expectations of $300.31 million. Synaptics had a positive return on equity of 4.77% and a negative net margin of 5.41%.Synaptics’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. Equities analysts anticipate that Synaptics will post 0.96 earnings per share for the current fiscal year.

Insider Activity at Synaptics

In other news, insider Lisa Bodensteiner sold 576 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $84.93, for a total transaction of $48,919.68. Following the transaction, the insider directly owned 72,307 shares of the company’s stock, valued at approximately $6,141,033.51. This trade represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vikram Gupta sold 772 shares of Synaptics stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $81.57, for a total transaction of $62,972.04. Following the sale, the insider owned 95,996 shares in the company, valued at approximately $7,830,393.72. This represents a 0.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 11,026 shares of company stock worth $875,689. 0.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Synaptics

Several large investors have recently bought and sold shares of SYNA. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Synaptics by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,704 shares of the software maker’s stock valued at $5,780,000 after acquiring an additional 4,917 shares in the last quarter. AlphaQuest LLC lifted its position in Synaptics by 52,540.0% in the second quarter. AlphaQuest LLC now owns 2,632 shares of the software maker’s stock worth $171,000 after purchasing an additional 2,627 shares during the period. Nisa Investment Advisors LLC boosted its stake in Synaptics by 50.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 708 shares of the software maker’s stock valued at $46,000 after purchasing an additional 237 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Synaptics during the 2nd quarter valued at $750,000. Finally, Bank of Montreal Can increased its position in shares of Synaptics by 12.7% during the 2nd quarter. Bank of Montreal Can now owns 6,344 shares of the software maker’s stock valued at $411,000 after purchasing an additional 714 shares during the period. Institutional investors and hedge funds own 99.43% of the company’s stock.

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.