Rosenblatt Securities Reaffirms Buy Rating for Synaptics (NASDAQ:SYNA)

Synaptics (NASDAQ:SYNA)‘s stock had its “buy” rating reissued by equities research analysts at Rosenblatt Securities in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $95.00 price objective on the software maker’s stock. Rosenblatt Securities’ target price suggests a potential upside of 39.26% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Wall Street Zen upgraded Synaptics from a “hold” rating to a “buy” rating in a report on Saturday. Barclays began coverage on Synaptics in a report on Monday, August 18th. They set an “overweight” rating and a $78.00 price objective on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a report on Wednesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Synaptics in a research note on Friday. Finally, TD Cowen boosted their target price on shares of Synaptics from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.29.

Synaptics Price Performance

Shares of NASDAQ SYNA opened at $68.22 on Tuesday. Synaptics has a twelve month low of $41.80 and a twelve month high of $89.81. The company has a current ratio of 2.78, a quick ratio of 2.26 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average of $69.63 and a two-hundred day moving average of $66.17. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of -56.38, a PEG ratio of 3.03 and a beta of 1.63.

Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, November 6th. The software maker reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $292.50 million for the quarter, compared to the consensus estimate of $289.93 million. Synaptics had a negative net margin of 4.45% and a positive return on equity of 4.32%. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 EPS. Synaptics has set its Q2 2026 guidance at 1.000-1.300 EPS. As a group, analysts expect that Synaptics will post 0.96 earnings per share for the current fiscal year.

Synaptics announced that its Board of Directors has approved a stock buyback plan on Thursday, August 7th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the software maker to buy up to 6.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Synaptics

Several hedge funds have recently bought and sold shares of the business. Nordea Investment Management AB acquired a new stake in shares of Synaptics during the 2nd quarter worth about $6,991,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Synaptics in the 2nd quarter worth approximately $750,000. Vanguard Personalized Indexing Management LLC grew its position in Synaptics by 115.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,876 shares of the software maker’s stock worth $575,000 after acquiring an additional 4,756 shares during the last quarter. Glenview Trust co increased its holdings in Synaptics by 13.6% during the 1st quarter. Glenview Trust co now owns 31,455 shares of the software maker’s stock valued at $2,004,000 after purchasing an additional 3,775 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in Synaptics by 7.7% in the 1st quarter. Federated Hermes Inc. now owns 21,413 shares of the software maker’s stock valued at $1,364,000 after purchasing an additional 1,527 shares during the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.

About Synaptics

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.