Synaptics (NASDAQ:SYNA) Sets New 12-Month High – Here’s What Happened

Synaptics Incorporated (NASDAQ:SYNA)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $98.43 and last traded at $97.6950, with a volume of 46668 shares trading hands. The stock had previously closed at $96.50.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SYNA. Craig Hallum restated a “hold” rating and set a $80.00 price target on shares of Synaptics in a report on Friday, February 6th. Barclays reiterated an “overweight” rating and set a $100.00 price objective on shares of Synaptics in a research report on Thursday, January 15th. TD Cowen restated a “buy” rating on shares of Synaptics in a report on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Synaptics in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company upped their price target on shares of Synaptics from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Ten equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.91.

Synaptics Stock Up 4.0%

The company has a current ratio of 2.93, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. The company has a 50-day simple moving average of $77.77 and a 200 day simple moving average of $77.10. The company has a market cap of $3.89 billion, a P/E ratio of -63.10, a P/E/G ratio of 3.66 and a beta of 1.86.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, February 5th. The software maker reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.06. The firm had revenue of $302.50 million during 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 business’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. On average, equities analysts anticipate that Synaptics Incorporated will post 1.18 EPS for the current year.

Insider Transactions at Synaptics

In related news, insider Lisa Bodensteiner sold 1,798 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $81.87, for a total value of $147,202.26. Following the transaction, the insider owned 65,183 shares of the company’s stock, valued at $5,336,532.21. This represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Vikram Gupta sold 1,548 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $92.90, for a total value of $143,809.20. Following the transaction, the insider owned 87,382 shares in the company, valued at $8,117,787.80. The trade was a 1.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,348 shares of company stock worth $618,827 over the last 90 days. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Synaptics

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Synaptics by 51.1% in the third quarter. JPMorgan Chase & Co. now owns 544,973 shares of the software maker’s stock valued at $37,243,000 after acquiring an additional 184,303 shares in the last quarter. SG Americas Securities LLC grew its holdings in Synaptics by 632.6% during the 3rd quarter. SG Americas Securities LLC now owns 31,485 shares of the software maker’s stock worth $2,152,000 after acquiring an additional 27,187 shares in the last quarter. Ameriprise Financial Inc. increased 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 purchasing an additional 594,235 shares during the period. Fox Run Management L.L.C. purchased a new position in Synaptics during the 3rd quarter valued at about $1,200,000. Finally, LSV Asset Management bought a new stake in shares of Synaptics in the 3rd quarter valued at about $3,644,000. 99.43% of the stock is currently owned by hedge funds and other 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.