Synaptics Incorporated (NASDAQ:SYNA) Receives $133.45 Average Price Target from Analysts

Shares of Synaptics Incorporated (NASDAQ:SYNA) have been assigned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $133.4545.

Several brokerages have issued reports on SYNA. Zacks Research raised Synaptics from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Barclays reissued an “equal weight” rating and issued a $135.00 price target (up from $110.00) on shares of Synaptics in a research report on Friday, June 26th. Wall Street Zen raised Synaptics from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. JPMorgan Chase & Co. lifted their target price on Synaptics from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Wells Fargo & Company boosted their target price on shares of Synaptics from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, June 26th.

Insider Activity

In related news, insider Lisa Bodensteiner sold 334 shares of the stock in a transaction that occurred 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 completion of the sale, the insider 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 transaction was disclosed in a legal filing with the SEC, 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 Vikram Gupta sold 360 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $114.20, for a total transaction of $41,112.00. Following the completion of the sale, the insider owned 81,226 shares of the company’s stock, valued at approximately $9,276,009.20. This trade represents a 0.44% 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. In the last ninety days, insiders have sold 11,649 shares of company stock worth $1,603,484. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Synaptics

Several hedge funds and other institutional investors have recently made changes to their positions in SYNA. State Street Corp grew its stake in Synaptics by 0.5% during the 2nd quarter. State Street Corp now owns 2,039,202 shares of the software maker’s stock worth $132,181,000 after buying an additional 9,335 shares during the last quarter. Orbis Allan Gray Ltd increased its position in Synaptics by 9.9% during the 4th quarter. Orbis Allan Gray Ltd now owns 1,536,228 shares of the software maker’s stock valued at $113,712,000 after buying an additional 137,926 shares in the last quarter. Geode Capital Management LLC raised its stake in Synaptics by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 1,000,456 shares of the software maker’s stock valued at $74,066,000 after buying an additional 17,088 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Synaptics by 2,384.4% in the first quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker’s stock valued at $65,780,000 after buying an additional 901,379 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Synaptics by 469.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 814,684 shares of the software maker’s stock worth $60,304,000 after acquiring an additional 671,647 shares in the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Synaptics Trading Down 1.5%

NASDAQ:SYNA opened at $105.72 on Friday. Synaptics has a one year low of $58.28 and a one year high of $149.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.39 and a current ratio of 3.04. The firm has a market cap of $4.09 billion, a P/E ratio of -85.26 and a beta of 1.99. The firm has a 50-day simple moving average of $126.70 and a 200-day simple moving average of $101.79.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $294.20 million for 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 company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities analysts anticipate that Synaptics will post 1.29 EPS for the current fiscal year.

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.