Synaptics (NASDAQ:SYNA) Shares Up 7.8% – Should You Buy?

Shares of Synaptics Incorporated (NASDAQ:SYNA) traded up 7.8% during trading on Thursday . The stock traded as high as $133.66 and last traded at $132.9780. 241,131 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 923,640 shares. The stock had previously closed at $123.37.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SYNA shares. Craig Hallum reissued a “hold” rating and issued a $145.00 price objective on shares of Synaptics in a research report on Friday, June 26th. JPMorgan Chase & Co. raised their target price on shares of Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Needham & Company LLC lowered shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, June 26th. Rosenblatt Securities downgraded shares of Synaptics from a “buy” rating to a “hold” rating and decreased their price target for the company from $180.00 to $160.00 in a research note on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft lowered Synaptics from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Monday, June 29th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $134.82.

Synaptics Trading Down 2.1%

The stock’s 50 day moving average is $129.38 and its two-hundred day moving average is $97.55. The company has a market capitalization of $4.90 billion, a PE ratio of -102.23, a price-to-earnings-growth ratio of 2.93 and a beta of 1.97. The company has a quick ratio of 2.39, a current ratio of 3.04 and a debt-to-equity ratio of 0.62.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $294.20 million for the quarter, compared to analysts’ expectations of $290.51 million. During the same period in the prior year, the business earned $0.90 EPS. The firm’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. As a group, sell-side analysts predict that Synaptics Incorporated will post 1.3 EPS for the current fiscal year.

Insider Activity at Synaptics

In related news, insider Vikram Gupta sold 1,548 shares of Synaptics stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $92.90, for a total transaction of $143,809.20. Following the transaction, the insider directly 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. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lisa Bodensteiner sold 1,798 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $81.87, for a total transaction of $147,202.26. Following the completion of the transaction, the insider directly owned 65,183 shares of the company’s stock, valued at $5,336,532.21. This trade represents a 2.68% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 16,183 shares of company stock valued at $1,978,694 over the last ninety days. 0.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Synaptics

A number of hedge funds have recently made changes to their positions in the stock. CoreCap Advisors LLC purchased a new position in Synaptics in the second quarter valued at about $25,000. CIBC Private Wealth Group LLC lifted its position in shares of Synaptics by 119.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock valued at $26,000 after buying an additional 190 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of Synaptics in the 4th quarter valued at about $43,000. Lazard Asset Management LLC bought a new stake in shares of Synaptics in the 2nd quarter valued at about $54,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Synaptics in the 4th quarter worth approximately $70,000. 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.