Synaptics (NASDAQ:SYNA) Hits New 52-Week High – Still a Buy?

Synaptics Incorporated (NASDAQ:SYNA)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $133.49 and last traded at $131.7010, with a volume of 492357 shares traded. The stock had previously closed at $119.59.

Analyst Upgrades and Downgrades

SYNA has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Synaptics from a “hold” rating to a “buy” rating in a report on Saturday. Rosenblatt Securities raised their target price on shares of Synaptics from $95.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Susquehanna lifted their price target on shares of Synaptics from $105.00 to $125.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Barclays lifted their price target on shares of Synaptics from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $125.00 price target on shares of Synaptics in a research report on Friday, May 8th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $114.18.

Synaptics Price Performance

The company has a quick ratio of 2.39, a current ratio of 3.04 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average price is $81.71 and its two-hundred day moving average price is $78.97. The stock has a market capitalization of $5.08 billion, a PE ratio of -107.09, a PEG ratio of 4.49 and a beta of 1.86.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, May 7th. The software maker reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.32%. The firm had revenue of $294.20 million during the quarter, compared to analysts’ expectations of $290.51 million. During the same period in the previous year, the company earned $0.90 earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, equities analysts predict that Synaptics Incorporated will post 1.18 earnings per share for the current year.

Insider Activity at Synaptics

In related news, insider Lisa Bodensteiner sold 1,798 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $81.87, for a total transaction of $147,202.26. Following the completion of the sale, the insider directly owned 65,183 shares in the company, valued at approximately $5,336,532.21. The trade was a 2.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $92.90, for a total transaction of $143,809.20. Following the sale, the insider owned 87,382 shares of the company’s stock, valued at $8,117,787.80. This trade represents a 1.74% 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. Insiders have sold 7,348 shares of company stock valued at $618,827 over the last three months. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Synaptics

Several large investors have recently added to or reduced their stakes in SYNA. CIBC Private Wealth Group LLC grew its position in Synaptics by 119.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock valued at $26,000 after buying an additional 190 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Synaptics by 143.9% in the third quarter. Hantz Financial Services Inc. now owns 595 shares of the software maker’s stock worth $41,000 after purchasing an additional 351 shares during the period. Optiver Holding B.V. boosted its position in shares of Synaptics by 40.2% in 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 period. Leonteq Securities AG bought a new position in shares of Synaptics in the fourth quarter worth approximately $43,000. Finally, Lazard Asset Management LLC bought a new position in shares of Synaptics in the second 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.