Susquehanna Has Lowered Expectations for Synaptics (NASDAQ:SYNA) Stock Price

Synaptics (NASDAQ:SYNA) had its price objective reduced by stock analysts at Susquehanna from $140.00 to $125.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the software maker’s stock. Susquehanna’s price target points to a potential upside of 6.23% from the company’s previous close.

Other research analysts have also issued research reports about the company. Mizuho lifted their target price on Synaptics from $128.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Rosenblatt Securities downgraded shares of Synaptics from a “buy” rating to a “hold” rating and lowered their price target for the stock from $180.00 to $160.00 in a report on Friday, June 26th. Barclays restated an “equal weight” rating and issued a $135.00 price objective (up from $110.00) on shares of Synaptics in a research report on Friday, June 26th. Needham & Company LLC cut shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Zacks Research raised shares of Synaptics from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $133.45.

Synaptics Stock Performance

Shares of NASDAQ:SYNA traded up $4.07 during trading on Tuesday, hitting $117.67. 46,303 shares of the company were exchanged, compared to its average volume of 915,053. Synaptics has a 52-week low of $58.28 and a 52-week high of $149.11. The stock has a 50 day moving average of $130.26 and a 200 day moving average of $99.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.04 and a quick ratio of 2.39. The company has a market cap of $4.55 billion, a PE ratio of -94.17, a P/E/G ratio of 2.58 and a beta of 1.97.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share 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 company had revenue of $294.20 million during the quarter, compared to analysts’ expectations of $290.51 million. During the same period in the previous year, the business earned $0.90 earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, equities research analysts predict that Synaptics will post 1.3 EPS for the current year.

Insider Activity at Synaptics

In other Synaptics news, insider Vikram Gupta sold 1,548 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $92.90, for a total transaction of $143,809.20. Following the sale, the insider owned 87,382 shares in the company, valued at $8,117,787.80. This trade represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Esther Song sold 8,833 shares of Synaptics stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $141.17, for a total value of $1,246,954.61. Following the sale, the insider directly owned 12,421 shares of the company’s stock, valued at approximately $1,753,472.57. This trade represents a 41.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,837 shares of company stock valued at $1,706,181 over the last 90 days. 0.50% of the stock is owned by insiders.

Institutional Trading of Synaptics

A number of hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB boosted its stake in Synaptics by 34.2% in the second quarter. Handelsbanken Fonder AB now owns 19,637 shares of the software maker’s stock worth $2,440,000 after buying an additional 5,000 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Synaptics during the second quarter worth approximately $1,428,000. PensionDanmark Pensionsforsikringsaktieselskab bought a new stake in shares of Synaptics in the 2nd quarter worth approximately $994,000. CoreCap Advisors LLC purchased a new stake in shares of Synaptics in the 2nd quarter valued at $25,000. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of Synaptics by 21.3% in the 1st quarter. Segall Bryant & Hamill LLC now owns 333,602 shares of the software maker’s stock valued at $23,365,000 after purchasing an additional 58,509 shares in the last quarter. Institutional investors 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.