Synaptics (NASDAQ:SYNA) Stock Price Up 6.9% – What’s Next?

Synaptics Incorporated (NASDAQ:SYNA) rose 6.9% on Tuesday . The company traded as high as $89.44 and last traded at $88.8050. Approximately 416,994 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 747,161 shares. The stock had previously closed at $83.06.

Analysts Set New Price Targets

SYNA has been the topic of a number of research analyst reports. Needham & Company LLC upped their target price on Synaptics from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Wells Fargo & Company upped their target price on Synaptics from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Mizuho upped their target price on Synaptics from $94.00 to $103.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Northland Securities upped their target price on Synaptics from $85.00 to $106.00 and gave the stock an “outperform” rating in a research note on Monday, December 29th. Finally, Zacks Research lowered Synaptics from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Synaptics currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.91.

Synaptics Price Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.93. The stock has a market capitalization of $3.29 billion, a P/E ratio of -53.43, a price-to-earnings-growth ratio of 3.29 and a beta of 1.71. The firm has a 50-day moving average price of $77.53 and a 200 day moving average price of $76.04.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Thursday, February 5th. The software maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.15 by $0.06. The firm had revenue of $302.50 million for the quarter, compared to analyst estimates of $300.31 million. Synaptics had a positive return on equity of 4.77% and a negative net margin of 5.41%.The company’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS. Synaptics has set its Q3 2026 guidance at 0.850-1.150 EPS. On average, analysts expect that Synaptics Incorporated will post 1.18 EPS for the current year.

Insider Activity

In other news, insider Lisa Bodensteiner sold 1,798 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $81.87, for a total transaction of $147,202.26. Following the transaction, the insider directly owned 65,183 shares in the company, valued at approximately $5,336,532.21. This represents a 2.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 1,548 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $80.95, for a total value of $125,310.60. Following the transaction, the insider owned 88,930 shares in the company, valued at $7,198,883.50. This trade represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 a total of 5,800 shares of company stock worth $475,018 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Synaptics

Several institutional investors and hedge funds have recently bought and sold shares of SYNA. CIBC Private Wealth Group LLC grew its position in Synaptics by 119.5% during 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 during the last quarter. Hantz Financial Services Inc. grew its position 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 acquiring an additional 351 shares during the last quarter. Optiver Holding B.V. grew its position 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 acquiring an additional 170 shares during the last quarter. Leonteq Securities AG bought a new position in Synaptics during the 4th quarter worth approximately $43,000. Finally, Lazard Asset Management LLC bought a new position in Synaptics during the 2nd quarter worth approximately $54,000. 99.43% of the stock is currently owned by institutional investors.

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.