Synaptics (NASDAQ:SYNA) Downgraded by Northland Securities to Hold

Synaptics (NASDAQ:SYNA) was downgraded by stock analysts at Northland Securities from a “strong-buy” rating to a “hold” rating in a research report issued on Friday,Zacks.com reports.

A number of other analysts have also weighed in on the stock. Wall Street Zen lowered shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Susquehanna lowered Synaptics from a “positive” rating to a “neutral” rating and boosted their target price for the company from $125.00 to $140.00 in a research report on Friday. TD Cowen cut Synaptics from a “buy” rating to a “hold” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $125.00 price target on shares of Synaptics in a report on Friday, May 8th. Finally, Needham & Company LLC lowered Synaptics from a “buy” rating to a “hold” rating in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Synaptics has a consensus rating of “Hold” and a consensus price target of $131.00.

Synaptics Trading Down 3.7%

SYNA stock opened at $121.00 on Friday. Synaptics has a twelve month low of $58.28 and a twelve month high of $149.11. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of -97.58, a price-to-earnings-growth ratio of 4.02 and a beta of 1.98. 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 simple moving average is $121.96 and its two-hundred day simple moving average is $94.32.

Synaptics (NASDAQ:SYNA) last released its earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $290.51 million. During the same quarter last year, the business earned $0.90 EPS. The business’s revenue was up 10.4% on a year-over-year basis. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, analysts anticipate that Synaptics will post 1.3 earnings per share for the current year.

Insider Buying and Selling

In other Synaptics news, insider Vikram Gupta sold 1,548 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $92.90, for a total value of $143,809.20. Following the completion of the sale, the insider directly owned 87,382 shares of the company’s stock, valued at $8,117,787.80. The trade was a 1.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Esther Song sold 8,833 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $141.17, for a total transaction of $1,246,954.61. Following the completion of the transaction, the insider owned 12,421 shares in the company, valued at $1,753,472.57. This represents a 41.56% 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. Insiders have sold 16,183 shares of company stock valued at $1,978,694 in the last 90 days. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Synaptics

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in Synaptics by 51.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 544,973 shares of the software maker’s stock valued at $37,243,000 after purchasing an additional 184,303 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Synaptics by 10.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock worth $446,241,000 after purchasing an additional 594,235 shares during the period. Intech Investment Management LLC lifted its position in shares of Synaptics by 186.4% in the 4th quarter. Intech Investment Management LLC now owns 70,287 shares of the software maker’s stock worth $5,203,000 after purchasing an additional 45,746 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Synaptics in the 3rd quarter worth approximately $6,404,000. Finally, M&T Bank Corp boosted its stake in shares of Synaptics by 3,222.9% during the fourth quarter. M&T Bank Corp now owns 107,562 shares of the software maker’s stock valued at $7,962,000 after purchasing an additional 104,325 shares in the last quarter. Institutional investors own 99.43% of the company’s stock.

Synaptics News Roundup

Here are the key news stories impacting Synaptics this week:

• Positive Sentiment: onsemi’s announced acquisition of Synaptics is boosting investor attention and lifting the stock on the prospect of a takeover premium and strategic value in physical AI. Reuters article
• Positive Sentiment: Wells Fargo raised its price target on Synaptics to $160 from $155 and reiterated an overweight rating, signaling confidence in further upside from current levels. Benzinga article
• Neutral Sentiment: Rosenblatt maintained a neutral rating while trimming its price target to $160 from $180, suggesting analysts still see value but are more cautious after the deal announcement. Benzinga article
• Neutral Sentiment: Several law firms have launched shareholder investigations into whether the acquisition delivers a fair price, which could create headline risk but does not change the deal terms yet. PR Newswire article
• Negative Sentiment: Needham downgraded Synaptics from buy to hold, reflecting concern that much of the near-term upside may already be captured following the takeover announcement. Benzinga/The Fly article

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.