Synaptics (NASDAQ:SYNA) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Synaptics (NASDAQ:SYNA) from a hold rating to a buy rating in a research note released on Saturday.

A number of other research firms also recently weighed in on SYNA. Craig Hallum reissued a “hold” rating and set a $80.00 target price on shares of Synaptics in a research report on Friday, February 6th. Needham & Company LLC lifted their price target on shares of Synaptics from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Rosenblatt Securities increased their price objective on Synaptics from $95.00 to $125.00 and gave the company a “buy” rating in a report on Friday, February 6th. JPMorgan Chase & Co. raised their target price on Synaptics from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Finally, TD Cowen restated a “buy” rating on shares of Synaptics in a research note on Friday, February 6th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $99.91.

Synaptics Stock Down 0.0%

Shares of NASDAQ:SYNA opened at $81.46 on Friday. Synaptics has a 1 year low of $41.80 and a 1 year high of $97.00. The company has a market capitalization of $3.15 billion, a PE ratio of -51.23, a price-to-earnings-growth ratio of 3.09 and a beta of 1.72. The business has a fifty day moving average price of $83.56 and a two-hundred day moving average price of $74.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.93 and a quick ratio of 2.33.

Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, February 5th. The software maker reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.06. The company had revenue of $302.50 million for the quarter, compared to analysts’ expectations of $300.31 million. Synaptics had a positive return on equity of 4.77% and a negative net margin of 5.41%.The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 EPS. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. Analysts forecast that Synaptics will post 0.96 earnings per share for the current year.

Insider Transactions at Synaptics

In other news, insider Lisa Bodensteiner sold 576 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $84.93, for a total transaction of $48,919.68. Following the sale, the insider directly owned 72,307 shares in the company, valued at $6,141,033.51. This represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Vikram Gupta sold 772 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $81.57, for a total transaction of $62,972.04. Following the completion of the transaction, the insider owned 95,996 shares of the company’s stock, valued at $7,830,393.72. This trade represents a 0.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,026 shares of company stock worth $875,689 in the last three months. 0.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SYNA. Ameriprise Financial Inc. raised its position in shares of Synaptics by 10.0% in 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. State Street Corp grew its position in Synaptics by 0.5% during the second quarter. State Street Corp now owns 2,039,202 shares of the software maker’s stock worth $132,181,000 after buying an additional 9,335 shares in the last quarter. Orbis Allan Gray Ltd increased its stake in Synaptics by 9.9% in the 4th quarter. Orbis Allan Gray Ltd now owns 1,536,228 shares of the software maker’s stock worth $113,712,000 after acquiring an additional 137,926 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Synaptics by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,000,456 shares of the software maker’s stock valued at $74,066,000 after acquiring an additional 17,088 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Synaptics by 469.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 814,684 shares of the software maker’s stock valued at $60,304,000 after acquiring an additional 671,647 shares in the last quarter. 99.43% of the stock is owned by institutional investors.

Synaptics Company Profile

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.