Synaptics (NASDAQ:SYNA) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Synaptics (NASDAQ:SYNA) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Several other research firms also recently weighed in on SYNA. Wall Street Zen downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Oppenheimer reissued a “market perform” rating on shares of Synaptics in a research note on Tuesday, December 16th. Needham & Company LLC raised their price target on shares of Synaptics from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Susquehanna raised their price target on shares of Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Finally, Barclays reissued an “overweight” rating and issued a $100.00 price target on shares of Synaptics in a research note on Thursday, January 15th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Synaptics has an average rating of “Moderate Buy” and an average target price of $99.91.

Synaptics Stock Down 0.3%

Shares of NASDAQ SYNA opened at $73.80 on Wednesday. The company’s 50-day simple moving average is $78.61 and its 200-day simple moving average is $75.38. Synaptics has a 52-week low of $45.32 and a 52-week high of $97.00. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of -46.42, a price-to-earnings-growth ratio of 2.99 and a beta of 1.71. The company has a quick ratio of 2.33, a current ratio of 2.93 and a debt-to-equity ratio of 0.60.

Synaptics (NASDAQ:SYNA) last announced its earnings results 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 business 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 4.77%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 earnings per share. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. Equities analysts predict that Synaptics will post 0.96 EPS for the current fiscal year.

Insider Activity at Synaptics

In other Synaptics news, insider Vikram Gupta sold 772 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $81.57, for a total transaction of $62,972.04. Following the completion of the transaction, the insider owned 95,996 shares in the company, valued at $7,830,393.72. The trade was a 0.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lisa Bodensteiner sold 576 shares of the business’s stock in a transaction that occurred 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 owned 72,307 shares of the company’s stock, valued at $6,141,033.51. This trade represents a 0.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,454 shares of company stock valued at $202,505 in the last quarter. 0.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its holdings in shares of Synaptics by 119.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock valued at $26,000 after buying an additional 190 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Synaptics by 143.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 595 shares of the software maker’s stock valued at $41,000 after buying an additional 351 shares in the last quarter. Optiver Holding B.V. boosted its holdings in shares of Synaptics by 40.2% in the 3rd quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock valued at $41,000 after buying an additional 170 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of Synaptics in the 4th quarter valued at $43,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Synaptics in the 2nd quarter valued at $54,000. Institutional investors and hedge funds own 99.43% of the company’s stock.

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.