Synaptics Incorporated (NASDAQ:SYNA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Synaptics Incorporated (NASDAQ:SYNA) have been given a consensus rating of “Moderate Buy” by the nine research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $91.3333.

SYNA has been the subject of a number of recent research reports. Wall Street Zen raised shares of Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Zacks Research cut shares of Synaptics from a “hold” rating to a “strong sell” rating in a research note on Friday, August 15th. Needham & Company LLC initiated coverage on shares of Synaptics in a research note on Friday, May 9th. They set a “buy” rating and a $80.00 price objective for the company. Finally, Barclays initiated coverage on shares of Synaptics in a research note on Monday. They set an “overweight” rating and a $78.00 price objective for the company.

Synaptics Price Performance

SYNA stock opened at $66.76 on Friday. 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 $65.69 and a 200-day moving average of $63.11. Synaptics has a 12-month low of $41.80 and a 12-month high of $89.81. The company has a market cap of $2.57 billion, a price-to-earnings ratio of -55.17 and a beta of 1.61.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data 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. Synaptics had a negative net margin of 4.45% and a positive return on equity of 4.32%. The business had revenue of $282.80 million during the quarter, compared to analysts’ expectations of $280.12 million. During the same period last year, the company posted $0.64 EPS. The company’s revenue was up 14.3% on a year-over-year basis. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. As a group, equities analysts expect that Synaptics will post 0.96 EPS for the current fiscal year.

Synaptics declared that its Board of Directors has authorized a share buyback program on Thursday, August 7th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the software maker to purchase up to 6.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Synaptics

Several hedge funds and other institutional investors have recently bought and sold shares of SYNA. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Synaptics in the 1st quarter worth approximately $25,000. Parallel Advisors LLC grew its stake in Synaptics by 151.1% in the 1st quarter. Parallel Advisors LLC now owns 447 shares of the software maker’s stock worth $28,000 after acquiring an additional 269 shares during the period. Quarry LP grew its stake in Synaptics by 220.0% in the 1st quarter. Quarry LP now owns 528 shares of the software maker’s stock worth $34,000 after acquiring an additional 363 shares during the period. Banque Cantonale Vaudoise purchased a new stake in Synaptics in the 1st quarter worth approximately $35,000. Finally, Menard Financial Group LLC purchased a new stake in Synaptics in the 4th quarter worth approximately $37,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

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.