Synaptics (NASDAQ:SYNA) Lowered to Strong Sell Rating by Zacks Research

Synaptics (NASDAQ:SYNA) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other research analysts have also recently weighed in on SYNA. Barclays reissued an “overweight” rating and set a $100.00 price target on shares of Synaptics in a research report on Thursday, January 15th. Needham & Company LLC boosted their price target on shares of Synaptics from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 6th. TD Cowen reissued a “buy” rating on shares of Synaptics in a research report on Friday, February 6th. Susquehanna boosted their price target on shares of Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Finally, Mizuho boosted their price target on shares of Synaptics from $94.00 to $103.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.91.

Synaptics Trading Down 2.6%

Shares of SYNA opened at $74.00 on Wednesday. Synaptics has a 52-week low of $45.32 and a 52-week high of $97.00. The company has a quick ratio of 2.33, a current ratio of 2.93 and a debt-to-equity ratio of 0.60. The firm’s fifty day moving average is $78.79 and its two-hundred day moving average is $75.37. The stock has a market cap of $2.87 billion, a PE ratio of -46.54, a price-to-earnings-growth ratio of 3.07 and a beta of 1.71.

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, topping the consensus estimate of $1.15 by $0.06. Synaptics had a negative net margin of 5.41% and a positive return on equity of 4.77%. The company had revenue of $302.50 million for the quarter, compared to analysts’ expectations of $300.31 million. During the same quarter in the previous year, the company posted $0.92 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. Research analysts forecast that Synaptics will post 0.96 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Lisa Bodensteiner sold 576 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were 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 approximately $6,141,033.51. The trade was a 0.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vikram Gupta sold 772 shares of the business’s stock in a transaction dated 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 sale, the insider owned 95,996 shares in the company, valued at approximately $7,830,393.72. This trade represents a 0.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 2,454 shares of company stock worth $202,505. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Synaptics

Several institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC raised its holdings in Synaptics by 3.9% in the 4th quarter. LPL Financial LLC now owns 3,216 shares of the software maker’s stock valued at $238,000 after buying an additional 121 shares during the period. Northwestern Mutual Investment Management Company LLC raised its holdings in Synaptics by 1.5% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 8,724 shares of the software maker’s stock valued at $646,000 after buying an additional 132 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Synaptics by 0.9% in the 4th 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 during the period. Captrust Financial Advisors raised its holdings in Synaptics by 4.0% in the 4th 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 during the period. Finally, Optiver Holding B.V. raised its holdings in 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 during the period. 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.