Analysts Set Synaptics Incorporated (NASDAQ:SYNA) Price Target at $114.18

Shares of Synaptics Incorporated (NASDAQ:SYNA) have been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $119.1818.

A number of equities analysts recently issued reports on the company. Barclays increased their price objective on Synaptics from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Wall Street Zen raised Synaptics from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Susquehanna increased their price target on Synaptics from $105.00 to $125.00 and gave the company a “positive” rating in a research note on Friday, May 8th. TD Cowen reaffirmed a “buy” rating on shares of Synaptics in a research note on Friday, February 6th. Finally, Rosenblatt Securities increased their price target on Synaptics from $125.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th.

Insiders Place Their Bets

In other Synaptics news, insider Vikram Gupta sold 1,548 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $92.90, for a total transaction of $143,809.20. Following the completion of the transaction, the insider directly owned 87,382 shares of the company’s stock, valued at approximately $8,117,787.80. This trade represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 on Monday, April 20th. The shares were 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 approximately $5,336,532.21. The trade was a 2.68% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 7,304 shares of company stock valued at $654,026. 0.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Synaptics

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its stake in Synaptics by 119.5% during the 4th 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 in the last quarter. Leonteq Securities AG acquired a new stake in shares of Synaptics during the 4th quarter valued at $43,000. Optiver Holding B.V. lifted its position in shares of Synaptics by 40.2% during the 3rd 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 during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Synaptics by 143.9% during the 3rd 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 during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Synaptics during the 2nd quarter valued at $54,000. 99.43% of the stock is owned by institutional investors.

Synaptics Stock Performance

Shares of SYNA stock opened at $143.69 on Monday. Synaptics has a 12-month low of $57.54 and a 12-month high of $144.23. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of -115.88, a price-to-earnings-growth ratio of 4.60 and a beta of 1.86. The business has a 50 day simple moving average of $90.30 and a 200 day simple moving average of $82.27. 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 (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $294.20 million during 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 business’s revenue for the quarter 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, equities research analysts anticipate that Synaptics will post 1.3 EPS for the current 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.