Synaptics Incorporated (NASDAQ:SYNA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Synaptics Incorporated (NASDAQ:SYNA) have been given a consensus recommendation of “Hold” by the fourteen brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $134.8182.

SYNA has been the subject of a number of research analyst reports. Northland Securities cut Synaptics from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Craig Hallum reaffirmed a “hold” rating and issued a $145.00 price objective on shares of Synaptics in a research note on Friday, June 26th. Needham & Company LLC cut Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, June 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Synaptics in a research note on Tuesday, April 21st. Finally, Susquehanna cut shares of Synaptics from a “positive” rating to a “neutral” rating and increased their target price for the stock from $125.00 to $140.00 in a report on Friday, June 26th.

Insider Buying and Selling

In other Synaptics news, insider Esther Song sold 8,833 shares of the business’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 sale, the insider owned 12,421 shares of the company’s stock, valued at approximately $1,753,472.57. The trade was a 41.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikram Gupta sold 1,548 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $92.90, for a total transaction of $143,809.20. Following the transaction, the insider owned 87,382 shares of the company’s stock, valued at $8,117,787.80. This trade represents 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 16,183 shares of company stock worth $1,978,694 in the last three months. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Synaptics

Hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in Synaptics by 10.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock worth $446,241,000 after purchasing an additional 594,235 shares in the last quarter. State Street Corp boosted its stake in shares of Synaptics by 0.5% during the second quarter. State Street Corp now owns 2,039,202 shares of the software maker’s stock valued at $132,181,000 after purchasing an additional 9,335 shares in the last quarter. Orbis Allan Gray Ltd boosted its stake in shares of Synaptics by 9.9% during the fourth quarter. Orbis Allan Gray Ltd now owns 1,536,228 shares of the software maker’s stock valued at $113,712,000 after purchasing an additional 137,926 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Synaptics by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 1,000,456 shares of the software maker’s stock worth $74,066,000 after purchasing an additional 17,088 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Synaptics by 2,384.4% during the first quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker’s stock worth $65,780,000 after purchasing an additional 901,379 shares during the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Synaptics Stock Performance

Shares of Synaptics stock opened at $119.15 on Tuesday. The company has a current ratio of 3.04, a quick ratio of 2.39 and a debt-to-equity ratio of 0.62. The company has a market cap of $4.60 billion, a PE ratio of -96.09, a price-to-earnings-growth ratio of 2.87 and a beta of 1.97. The company has a 50 day moving average of $129.89 and a 200-day moving average of $98.04. Synaptics has a 1-year low of $58.28 and a 1-year high of $149.11.

Synaptics (NASDAQ:SYNA) last announced 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 negative net margin of 4.10% and a positive return on equity of 4.32%. The business had revenue of $294.20 million during the quarter, compared to the consensus estimate of $290.51 million. During the same period in the previous year, the business earned $0.90 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, equities research analysts forecast that Synaptics will post 1.3 earnings per share for the current fiscal year.

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.