Synaptics (NASDAQ:SYNA) Given New $160.00 Price Target at Wells Fargo & Company

Synaptics (NASDAQ:SYNA) had its target price increased by stock analysts at Wells Fargo & Company from $155.00 to $160.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 31.94% from the stock’s previous close.

A number of other analysts have also recently commented on SYNA. Rosenblatt Securities restated a “neutral” rating and issued a $160.00 price objective (down from $180.00) on shares of Synaptics in a research report on Friday. Wall Street Zen cut Synaptics from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $125.00 price target on shares of Synaptics in a report on Friday, May 8th. Northland Securities set a $123.00 price target on Synaptics in a research report on Friday, May 8th. Finally, Needham & Company LLC cut Synaptics from a “buy” rating to a “hold” rating in a report on Friday. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $131.00.

Synaptics Trading Down 3.5%

NASDAQ SYNA traded down $4.35 during trading on Friday, reaching $121.27. 5,541,434 shares of the stock traded hands, compared to its average volume of 869,471. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of -97.80, a price-to-earnings-growth ratio of 4.17 and a beta of 1.98. The stock’s 50-day moving average price is $121.09 and its 200 day moving average price is $94.13. The company has a quick ratio of 2.39, a current ratio of 3.04 and a debt-to-equity ratio of 0.62. Synaptics has a fifty-two week low of $58.28 and a fifty-two week high of $149.11.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, May 7th. The software maker reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $294.20 million during the quarter, compared to the consensus estimate 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 firm earned $0.90 earnings per share. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Analysts predict that Synaptics will post 1.3 EPS for the current year.

Insider Buying and Selling at Synaptics

In other news, insider Vikram Gupta sold 692 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $147.50, for a total value of $102,070.00. Following the sale, the insider directly owned 83,434 shares in the company, valued at $12,306,515. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lisa Bodensteiner sold 334 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $138.28, for a total value of $46,185.52. Following the transaction, the insider directly owned 61,989 shares of the company’s stock, valued at $8,571,838.92. This represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 16,183 shares of company stock valued at $1,978,694 in the last 90 days. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Synaptics

Several hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC raised its holdings in shares of 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 purchasing an additional 190 shares during the last quarter. Optiver Holding B.V. boosted its holdings in Synaptics by 40.2% during the third quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock worth $41,000 after purchasing an additional 170 shares during the last quarter. Leonteq Securities AG bought a new position in Synaptics in the fourth quarter valued at $43,000. Lazard Asset Management LLC acquired a new stake in Synaptics in the 2nd quarter valued at $54,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Synaptics during the 4th quarter worth about $70,000. 99.43% of the stock is owned by institutional investors.

Key Stories Impacting Synaptics

Here are the key news stories impacting Synaptics this week:

• Positive Sentiment: The announced acquisition provides a clear exit path for shareholders and implies a strategic premium tied to Synaptics’ role in “physical AI” and edge computing. Onsemi to buy Synaptics in $7 billion all-stock deal
• Positive Sentiment: Several reports say Synaptics shares rose in premarket trading on the deal as investors priced in the acquisition value and the company’s role in onsemi’s AI expansion. Why Synaptics Shares Are Trading Higher By Over 5%
• Neutral Sentiment: Needham downgraded Synaptics from buy to hold, while Rosenblatt kept a neutral rating but lowered its price target to $160 from $180, reflecting a more cautious view after the deal announcement.
• Neutral Sentiment: Law firms have begun investigating whether the sale to onsemi gives public shareholders a fair price, which adds deal uncertainty but does not yet change the transaction terms.

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.