Synaptics (NASDAQ:SYNA) Trading Down 7.1% – What’s Next?

Shares of Synaptics Incorporated (NASDAQ:SYNA) traded down 7.1% on Monday . The stock traded as low as $121.38 and last traded at $119.0690. 119,482 shares changed hands during trading, a decline of 85% from the average session volume of 809,775 shares. The stock had previously closed at $128.23.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wall Street Zen raised shares of Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. TD Cowen reaffirmed a “buy” rating on shares of Synaptics in a research note on Friday, February 6th. Barclays increased their target price on shares of Synaptics from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Northland Securities set a $123.00 target price on shares of Synaptics in a research note on Friday, May 8th. Finally, Rosenblatt Securities increased their target price on shares of Synaptics from $95.00 to $125.00 and gave the stock a “buy” rating 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.18.

Synaptics Price Performance

The firm has a market cap of $4.57 billion, a price-to-earnings ratio of -95.33, a PEG ratio of 4.42 and a beta of 1.86. The company has a quick ratio of 2.39, a current ratio of 3.04 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $84.78 and its 200-day moving average price is $80.20.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $294.20 million for the quarter, compared to analysts’ expectations of $290.51 million. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.32%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 earnings per share. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, equities research analysts forecast that Synaptics Incorporated will post 1.21 EPS for the current year.

Insider Activity

In other news, insider Vikram Gupta sold 1,548 shares of the stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $92.90, for a total transaction of $143,809.20. Following the sale, the insider owned 87,382 shares of the company’s stock, valued at approximately $8,117,787.80. This represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lisa Bodensteiner sold 1,798 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $81.87, for a total transaction of $147,202.26. Following the sale, the insider directly owned 65,183 shares in the company, valued at $5,336,532.21. This represents a 2.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 7,348 shares of company stock worth $618,827 in the last three months. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Synaptics

Hedge funds have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised its holdings in Synaptics by 119.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock valued at $26,000 after acquiring an additional 190 shares in the last quarter. Leonteq Securities AG acquired a new stake in Synaptics in the fourth quarter valued at approximately $43,000. Optiver Holding B.V. raised its holdings in Synaptics by 40.2% in the third quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock valued at $41,000 after acquiring an additional 170 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Synaptics by 143.9% in the third quarter. Hantz Financial Services Inc. now owns 595 shares of the software maker’s stock valued at $41,000 after acquiring an additional 351 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Synaptics in the second quarter valued at approximately $54,000. Institutional investors and hedge funds own 99.43% of the company’s stock.

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.