Synaptics (NASDAQ:SYNA) Downgraded by Wall Street Zen to “Hold”

Synaptics (NASDAQ:SYNA) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

SYNA has been the topic of a number of other reports. Northland Securities raised their price target on Synaptics from $85.00 to $106.00 and gave the company an “outperform” rating in a report on Monday, December 29th. TD Cowen reiterated a “buy” rating on shares of Synaptics in a research report on Friday, February 6th. Needham & Company LLC raised their target price on shares of Synaptics from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Susquehanna boosted their price target on shares of Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Finally, Barclays reaffirmed an “overweight” rating and issued a $100.00 price target on shares of Synaptics in a research note on Thursday, January 15th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.91.

Synaptics Stock Performance

Shares of NASDAQ SYNA opened at $73.87 on Friday. Synaptics has a 12-month low of $41.80 and a 12-month high of $97.00. The company has a market cap of $2.86 billion, a PE ratio of -46.46, a P/E/G ratio of 3.01 and a beta of 1.68. The stock has a 50 day simple moving average of $83.83 and a 200-day simple moving average of $75.06. The company has a current ratio of 2.93, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, February 5th. 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 analysts’ expectations of $300.31 million. Synaptics had a positive return on equity of 4.77% and a negative net margin of 5.41%.The firm’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.92 EPS. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. On average, equities research analysts forecast that Synaptics will post 0.96 EPS for the current year.

Insider Activity

In related news, insider Vikram Gupta sold 772 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was 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 of the company’s stock, valued at $7,830,393.72. This trade represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lisa Bodensteiner sold 576 shares of Synaptics stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $84.93, for a total value of $48,919.68. Following the transaction, the insider directly owned 72,307 shares in the company, valued at approximately $6,141,033.51. The trade was a 0.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,150 shares of company stock valued at $255,041 in the last ninety days. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Synaptics

Hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC lifted its stake in Synaptics by 3.9% during the fourth quarter. LPL Financial LLC now owns 3,216 shares of the software maker’s stock valued at $238,000 after purchasing an additional 121 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in Synaptics by 1.5% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 8,724 shares of the software maker’s stock worth $646,000 after buying an additional 132 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Synaptics by 0.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,135 shares of the software maker’s stock valued at $1,146,000 after buying an additional 134 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Synaptics by 4.0% in the fourth quarter. Captrust Financial Advisors now owns 4,262 shares of the software maker’s stock valued at $315,000 after buying an additional 163 shares in the last quarter. Finally, Optiver Holding B.V. lifted its position in shares of Synaptics by 40.2% during the 3rd quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock valued at $41,000 after acquiring an additional 170 shares during the last quarter. 99.43% of the stock is currently owned by institutional investors.

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.