Synaptics Incorporated (NASDAQ:SYNA) Stock Has Average Price Target of $123.09

Synaptics Incorporated (NASDAQ:SYNA) has received an average rating of “Hold” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $123.09.

A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Deutsche Bank Aktiengesellschaft cut shares of Synaptics from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Monday, June 29th. Needham & Company LLC downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Friday, June 26th. Barclays reiterated an “equal weight” rating and set a $135.00 target price (up from $110.00) on shares of Synaptics in a report on Friday, June 26th. Finally, Northland Securities cut Synaptics from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th.

Insider Activity at Synaptics

In other Synaptics news, insider Vikram Gupta sold 4,277 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $103.65, for a total value of $443,311.05. Following the sale, the insider directly owned 103,468 shares of the company’s stock, valued at approximately $10,724,458.20. The trade was a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 Lisa Bodensteiner sold 6,056 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $103.62, for a total value of $627,522.72. Following the completion of the sale, the insider directly owned 78,634 shares in the company, valued at approximately $8,148,055.08. This represents a 7.15% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 15,951 shares of company stock valued at $1,612,862 in the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Synaptics

Several large investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System purchased a new position in Synaptics in the first quarter worth about $784,000. FNY Investment Advisers LLC bought a new position in shares of Synaptics in the second quarter worth approximately $1,428,000. Segall Bryant & Hamill LLC grew its holdings in shares of Synaptics by 21.3% during the first quarter. Segall Bryant & Hamill LLC now owns 333,602 shares of the software maker’s stock valued at $23,365,000 after buying an additional 58,509 shares during the last quarter. Glazer Capital LLC purchased a new stake in shares of Synaptics during the second quarter valued at approximately $10,597,000. Finally, Engineers Gate Manager LP grew its holdings in shares of Synaptics by 65.8% during the second quarter. Engineers Gate Manager LP now owns 24,078 shares of the software maker’s stock valued at $2,991,000 after buying an additional 9,553 shares during the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Synaptics Price Performance

SYNA stock opened at $117.50 on Thursday. The firm’s 50-day moving average price is $103.97 and its two-hundred day moving average price is $111.04. Synaptics has a 12-month low of $58.28 and a 12-month high of $149.11. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 93.24 and a beta of 1.96. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, August 6th. The software maker reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.02. The company had revenue of $308.00 million for the quarter, compared to the consensus estimate of $305.32 million. Synaptics had a positive return on equity of 4.37% and a negative net margin of 41.00%. Synaptics’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 EPS. As a group, equities analysts predict that Synaptics will post 1.98 earnings per share for the current year.

Synaptics News Summary

Here are the key news stories impacting Synaptics this week:

• Positive Sentiment: Synaptics introduced the Astra SR200 “xMCU” family, combining microcontroller functionality with AI acceleration, integrated memory, security, and vision/audio capabilities. The SR210, SR230, and SR250 offer 200, 300, and 400 GOPS of performance, respectively, creating a scalable platform for edge-AI devices. Synaptics Astra SR200 announcement
• Positive Sentiment: The new chips use Synaptics’ Torq AI engine and Google Research’s Coral NPU, with support for open-source MLIR/IREE software tools and Zephyr RTOS. The open development ecosystem could reduce customer dependence on proprietary toolchains and improve adoption among developers and original equipment manufacturers. Google and Synaptics Coral technology article
• Positive Sentiment: Synaptics and Google also expanded the Coralboard development ecosystem. Coralboard SL is now generally available through DigiKey, Coralboard SR has been added, and the Torq edge-AI compiler is available for the platform. Broader developer access may support design wins and future commercial demand. Coralboard ecosystem announcement
• Neutral Sentiment: Initial coverage describes the Coralboard SL as shipping now, but the SR200 processors are still sampling in at least some reports. Consequently, the announcements strengthen Synaptics’ strategic positioning, while meaningful revenue contribution may depend on customer qualification and production ramps. Synaptics Astra SR200 product status
• Negative Sentiment: A law firm announced an investigation into Synaptics’ merger-related disclosures as part of a broader shareholder M&A class-action inquiry. The notice does not establish wrongdoing, but it introduces potential legal and reputational uncertainty. Synaptics shareholder alert

About Synaptics

Synaptics Incorporated (NASDAQ: SYNA) is a fabless semiconductor company that develops technologies for human-machine interaction, connectivity and edge computing. Its solutions are designed to help people interact with electronic devices and enable connected products to process data closer to where it is generated.

The company’s product portfolio includes touch and gesture controllers, touchpads, touchscreen and display technologies, fingerprint sensors, wireless connectivity solutions, video and audio products, and system-on-chip platforms.