Synaptics (NASDAQ:SYNA) Stock Price Up 8.9% – Time to Buy?

Shares of Synaptics Incorporated (NASDAQ:SYNA) shot up 8.9% on Monday . The company traded as high as $131.56 and last traded at $133.7250. 128,589 shares changed hands during trading, a decline of 84% from the average session volume of 825,068 shares. The stock had previously closed at $122.78.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SYNA. Zacks Research raised Synaptics from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Barclays lifted their target price on Synaptics from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Mizuho set a $128.00 price target on shares of Synaptics in a report on Friday, May 8th. Northland Securities set a $123.00 price target on shares of Synaptics in a report on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a research report on Tuesday, April 21st. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Synaptics presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.18.

Synaptics Stock Performance

The company has a market capitalization of $5.19 billion, a P/E ratio of -108.48, a price-to-earnings-growth ratio of 3.93 and a beta of 1.98. The firm has a 50 day moving average price of $103.62 and a two-hundred day moving average price of $87.45. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.39 and a current ratio of 3.04.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.The company had revenue of $294.20 million for the quarter, compared to analyst estimates of $290.51 million. During the same period in the prior year, the company posted $0.90 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, research analysts expect that Synaptics Incorporated will post 1.3 earnings per share for the current fiscal year.

Insider Transactions at Synaptics

In other news, insider Lisa Bodensteiner sold 1,798 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $81.87, for a total value of $147,202.26. Following the transaction, the insider directly owned 65,183 shares of the company’s stock, valued at $5,336,532.21. The trade was a 2.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, insider Esther Song sold 8,833 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $141.17, for a total value of $1,246,954.61. Following the completion of the transaction, the insider directly owned 12,421 shares in the company, valued at $1,753,472.57. The trade was a 41.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,057 shares of company stock valued at $1,940,078 in the last three months. 0.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. CIBC Private Wealth Group LLC boosted its holdings in shares of Synaptics by 119.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock worth $26,000 after acquiring an additional 190 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of Synaptics in the 4th quarter worth approximately $43,000. Optiver Holding B.V. lifted its holdings in Synaptics by 40.2% during the 3rd quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock worth $41,000 after buying an additional 170 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Synaptics by 143.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 595 shares of the software maker’s stock worth $41,000 after buying an additional 351 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Synaptics during the 2nd quarter worth $54,000. 99.43% of the stock is owned by institutional investors and hedge funds.

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.