Mizuho Issues Positive Forecast for Synaptics (NASDAQ:SYNA) Stock Price

Synaptics (NASDAQ:SYNA) had its price target upped by stock analysts at Mizuho from $128.00 to $170.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Mizuho’s target price points to a potential upside of 36.84% from the stock’s current price.

Several other brokerages also recently commented on SYNA. Northland Securities downgraded Synaptics from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Wells Fargo & Company raised their price objective on shares of Synaptics from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Needham & Company LLC lowered shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, June 26th. TD Cowen cut shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Rosenblatt Securities cut shares of Synaptics from a “buy” rating to a “hold” rating and cut their target price for the company from $180.00 to $160.00 in a research note on Friday, June 26th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Synaptics has a consensus rating of “Hold” and a consensus target price of $134.82.

Synaptics Stock Up 5.8%

Synaptics stock opened at $124.23 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.04 and a quick ratio of 2.39. Synaptics has a fifty-two week low of $58.28 and a fifty-two week high of $149.11. The firm has a fifty day moving average price of $123.60 and a two-hundred day moving average price of $95.00. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of -100.19, a P/E/G ratio of 3.76 and a beta of 1.98.

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, 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 the consensus estimate of $290.51 million. During the same period last year, the business posted $0.90 earnings per share. The firm’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. As a group, analysts forecast that Synaptics will post 1.3 earnings per share for the current year.

Insider Activity

In other Synaptics news, insider Lisa Bodensteiner sold 334 shares of Synaptics stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $138.28, for a total transaction of $46,185.52. Following the sale, the insider owned 61,989 shares in the company, valued at $8,571,838.92. The trade was a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 on Thursday, May 28th. The shares were sold at an average price of $141.17, for a total transaction of $1,246,954.61. Following the completion of the sale, the insider directly owned 12,421 shares in the company, valued at $1,753,472.57. This trade represents a 41.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 16,183 shares of company stock worth $1,978,694. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Synaptics

Several institutional investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC raised its position in Synaptics by 119.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock worth $26,000 after purchasing an additional 190 shares in the last quarter. Leonteq Securities AG acquired a new stake in Synaptics during the fourth quarter valued at approximately $43,000. Lazard Asset Management LLC bought a new stake in shares of Synaptics in the 2nd quarter valued at approximately $54,000. Kemnay Advisory Services Inc. bought a new stake in shares of Synaptics in the 4th quarter valued at approximately $70,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Synaptics by 21.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,119 shares of the software maker’s stock worth $83,000 after buying an additional 200 shares in the last quarter. 99.43% of the stock is currently 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.