Shares of Synaptics Incorporated (NASDAQ:SYNA – Get Free Report) saw strong trading volume on Friday . 963,129 shares were traded during mid-day trading, an increase of 16% from the previous session’s volume of 830,761 shares.The stock last traded at $128.6320 and had previously closed at $125.62.
Synaptics News Summary
Here are the key news stories impacting Synaptics this week:
- Positive Sentiment: Synaptics shares rose on the announcement that onsemi will acquire the company in an all-stock transaction valued at about $7 billion, signaling strong strategic demand for its technology. Reuters: Onsemi to buy Synaptics in $7 billion all-stock deal
- Positive Sentiment: Analysts noted the deal could boost Synaptics’ role in AI and edge applications, and some price targets were reiterated despite the takeover news. Benzinga: Analysts revise forecasts on Synaptics after better-than-expected Q3 results
- Neutral Sentiment: Rosenblatt reaffirmed a neutral rating but lowered its price target to $160 from $180, reflecting a more cautious valuation view after the deal. Benzinga: Rosenblatt reaffirmed neutral rating on Synaptics
- Neutral Sentiment: Needham downgraded Synaptics from buy to hold, suggesting some analysts see limited near-term upside once acquisition terms are factored in. Benzinga: Needham downgrades Synaptics to hold
- Negative Sentiment: Law firms have launched shareholder investigations into whether Synaptics is getting a fair price in the transaction, adding potential legal overhang. PR Newswire: Shareholder alert regarding Synaptics transaction
Analyst Ratings Changes
SYNA has been the topic of a number of recent research reports. Barclays increased their target price on Synaptics from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $125.00 price objective on shares of Synaptics in a research note on Friday, May 8th. Wells Fargo & Company raised their target price on shares of Synaptics from $120.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, June 9th. Wall Street Zen lowered shares of Synaptics from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Mizuho set a $128.00 price objective on Synaptics in a research report on Friday, May 8th. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $128.27.
Synaptics Trading Down 0.8%
The firm has a fifty day simple moving average of $121.09 and a 200-day simple moving average of $94.13. The firm has a market cap of $4.82 billion, a P/E ratio of -100.43, a price-to-earnings-growth ratio of 4.17 and a beta of 1.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.04 and a quick ratio of 2.39.
Synaptics (NASDAQ:SYNA – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.The firm had revenue of $294.20 million during the quarter, compared to the consensus estimate of $290.51 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, equities research analysts expect that Synaptics Incorporated will post 1.3 earnings per share for the current year.
Insider Buying and Selling at Synaptics
In other Synaptics news, insider Vikram Gupta sold 692 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $147.50, for a total transaction of $102,070.00. Following the transaction, the insider owned 83,434 shares in the company, valued at approximately $12,306,515. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Esther Song sold 8,833 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $141.17, for a total transaction of $1,246,954.61. Following the completion of the transaction, the insider directly owned 12,421 shares in the company, valued at $1,753,472.57. This trade represents a 41.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 16,183 shares of company stock worth $1,978,694. 0.50% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Synaptics
A number of hedge funds have recently added to or reduced their stakes in SYNA. Segall Bryant & Hamill LLC increased its holdings in Synaptics by 21.3% during the 1st quarter. Segall Bryant & Hamill LLC now owns 333,602 shares of the software maker’s stock worth $23,365,000 after purchasing an additional 58,509 shares in the last quarter. California State Teachers Retirement System raised its position in Synaptics by 24.4% in the 1st quarter. California State Teachers Retirement System now owns 45,791 shares of the software maker’s stock valued at $3,207,000 after buying an additional 8,978 shares during the last quarter. Royal Bank of Canada lifted its stake in Synaptics by 337.0% during the 1st quarter. Royal Bank of Canada now owns 24,939 shares of the software maker’s stock valued at $1,747,000 after acquiring an additional 19,232 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Synaptics by 2,384.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker’s stock worth $65,780,000 after acquiring an additional 901,379 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of Synaptics by 16.6% in the 1st quarter. Quantinno Capital Management LP now owns 13,390 shares of the software maker’s stock worth $938,000 after acquiring an additional 1,903 shares in the last quarter. 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.
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