Synaptics (NASDAQ:SYNA) Releases Earnings Results, Beats Estimates By $0.03 EPS

Synaptics (NASDAQ:SYNA) issued its quarterly earnings data on Thursday. The software maker reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03, FiscalAI reports. The business had revenue of $292.50 million for the quarter, compared to analysts’ expectations of $289.93 million. Synaptics had a negative net margin of 4.45% and a positive return on equity of 4.32%. The company’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 earnings per share. Synaptics updated its Q2 2026 guidance to 1.000-1.300 EPS.

Synaptics Price Performance

Shares of NASDAQ SYNA traded down $2.53 during trading on Friday, hitting $66.08. The company had a trading volume of 1,176,194 shares, compared to its average volume of 495,652. Synaptics has a 52 week low of $41.80 and a 52 week high of $89.81. The business’s 50-day moving average is $69.66 and its 200 day moving average is $65.88. The company has a market cap of $2.58 billion, a P/E ratio of -54.61, a PEG ratio of 3.03 and a beta of 1.63. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.26 and a current ratio of 2.78.

Analyst Upgrades and Downgrades

A number of analysts have commented on SYNA shares. Zacks Research upgraded shares of Synaptics from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Deutsche Bank Aktiengesellschaft began coverage on shares of Synaptics in a research note on Thursday, September 11th. They set a “buy” rating and a $85.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and issued a $85.00 target price on shares of Synaptics in a research report on Friday. TD Cowen lifted their price target on Synaptics from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Friday. Finally, Barclays began coverage on Synaptics in a research note on Monday, August 18th. They issued an “overweight” rating and a $78.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.29.

Institutional Investors Weigh In On Synaptics

A number of institutional investors and hedge funds have recently modified their holdings of the stock. HRT Financial LP acquired a new position in shares of Synaptics in the 2nd quarter valued at $2,318,000. Federated Hermes Inc. lifted its stake in Synaptics by 9.1% during the second quarter. Federated Hermes Inc. now owns 23,352 shares of the software maker’s stock valued at $1,514,000 after buying an additional 1,939 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Synaptics by 286.9% in the second quarter. Engineers Gate Manager LP now owns 20,807 shares of the software maker’s stock worth $1,349,000 after buying an additional 15,429 shares during the period. Quantinno Capital Management LP purchased a new position in shares of Synaptics in the second quarter worth approximately $576,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Synaptics during the second quarter valued at approximately $467,000. 99.43% of the stock is owned by institutional investors and hedge funds.

Synaptics declared that its board has initiated a stock buyback program on Thursday, August 7th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the software maker to reacquire up to 6.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board 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.