Synaptics (NASDAQ:SYNA) Rating Lowered to Hold at Wall Street Zen

Synaptics (NASDAQ:SYNA) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other analysts have also recently issued reports about the stock. Rosenblatt Securities restated a “buy” rating and issued a $95.00 price objective on shares of Synaptics in a research note on Tuesday, November 11th. Wells Fargo & Company started coverage on shares of Synaptics in a report on Friday. They issued an “overweight” rating and a $95.00 target price on the stock. Zacks Research upgraded shares of Synaptics from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $85.00 price target on shares of Synaptics in a research report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Synaptics in a research note on Thursday, September 11th. They issued a “buy” rating and a $85.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.67.

Synaptics Stock Performance

Shares of NASDAQ SYNA opened at $74.12 on Friday. The business’s 50-day simple moving average is $70.12 and its 200-day simple moving average is $68.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.31 and a current ratio of 2.86. Synaptics has a 52 week low of $41.80 and a 52 week high of $89.81. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of -63.90, a P/E/G ratio of 3.10 and a beta of 1.76.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, November 6th. The software maker reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.03. The firm had revenue of $292.50 million during the quarter, compared to analyst estimates of $289.93 million. Synaptics had a positive return on equity of 4.35% and a negative net margin of 4.08%.The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 EPS. Synaptics has set its Q2 2026 guidance at 1.000-1.300 EPS. As a group, equities research analysts expect that Synaptics will post 0.96 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Lisa Bodensteiner sold 7,182 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $78.68, for a total transaction of $565,079.76. Following the completion of the transaction, the insider owned 75,542 shares of the company’s stock, valued at approximately $5,943,644.56. This represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vikram Gupta sold 694 shares of Synaptics stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $75.00, for a total value of $52,050.00. Following the sale, the insider directly owned 100,082 shares in the company, valued at approximately $7,506,150. This trade represents a 0.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 8,906 shares of company stock worth $698,177. Insiders own 0.50% of the company’s stock.

Institutional Trading of Synaptics

A number of institutional investors and hedge funds have recently modified their holdings of SYNA. Ameriprise Financial Inc. boosted its stake in Synaptics by 10.0% during the third quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock worth $446,241,000 after buying an additional 594,235 shares in the last quarter. Norges Bank acquired a new position in Synaptics in the second quarter worth about $25,876,000. AQR Capital Management LLC lifted its stake in Synaptics by 186.2% during the second quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock worth $28,744,000 after purchasing an additional 288,523 shares during the period. JPMorgan Chase & Co. boosted its holdings in Synaptics by 51.1% during the third quarter. JPMorgan Chase & Co. now owns 544,973 shares of the software maker’s stock valued at $37,243,000 after purchasing an additional 184,303 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of Synaptics by 376.6% in the 2nd quarter. Squarepoint Ops LLC now owns 198,269 shares of the software maker’s stock worth $12,852,000 after buying an additional 156,671 shares in the last quarter. 99.43% of the stock is currently owned by 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.