Synaptics Incorporated (NASDAQ:SYNA) Given Average Rating of “Moderate Buy” by Analysts

Synaptics Incorporated (NASDAQ:SYNA) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $89.00.

A number of research firms have recently weighed in on SYNA. Deutsche Bank Aktiengesellschaft began coverage on shares of Synaptics in a report on Thursday, September 11th. They set a “buy” rating and a $85.00 target price for the company. Wall Street Zen lowered shares of Synaptics from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Zacks Research upgraded shares of Synaptics from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a report on Wednesday, October 8th. Finally, Barclays started coverage on shares of Synaptics in a report on Monday, August 18th. They set an “overweight” rating and a $78.00 target price for the company.

Institutional Trading of Synaptics

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Johnson Investment Counsel Inc. lifted its holdings in Synaptics by 6.1% in the second quarter. Johnson Investment Counsel Inc. now owns 3,601 shares of the software maker’s stock worth $233,000 after buying an additional 206 shares during the period. California State Teachers Retirement System increased its stake in shares of Synaptics by 0.6% during the second quarter. California State Teachers Retirement System now owns 36,853 shares of the software maker’s stock valued at $2,389,000 after purchasing an additional 209 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Synaptics by 50.3% during the second quarter. Nisa Investment Advisors LLC now owns 708 shares of the software maker’s stock valued at $46,000 after purchasing an additional 237 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Synaptics by 32.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,016 shares of the software maker’s stock valued at $65,000 after purchasing an additional 249 shares in the last quarter. Finally, Stoneridge Investment Partners LLC increased its stake in shares of Synaptics by 7.5% during the third quarter. Stoneridge Investment Partners LLC now owns 3,653 shares of the software maker’s stock valued at $250,000 after purchasing an additional 254 shares in the last quarter. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

Synaptics Stock Performance

NASDAQ SYNA opened at $71.02 on Thursday. The company has a 50-day simple moving average of $69.86 and a two-hundred day simple moving average of $65.58. The company has a quick ratio of 2.26, a current ratio of 2.78 and a debt-to-equity ratio of 0.60. Synaptics has a 12-month low of $41.80 and a 12-month high of $89.81. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of -58.69, a PEG ratio of 3.03 and a beta of 1.63.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, August 7th. The software maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. The company had revenue of $282.80 million during the quarter, compared to analyst estimates of $280.12 million. Synaptics had a negative net margin of 4.45% and a positive return on equity of 4.32%. Synaptics’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. On average, equities analysts forecast that Synaptics will post 0.96 EPS for the current year.

Synaptics announced that its Board of Directors has approved a stock buyback program on Thursday, August 7th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the software maker to repurchase up to 6.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.