Synaptics (NASDAQ:SYNA) Reaches New 1-Year High – Here’s What Happened

Synaptics Incorporated (NASDAQ:SYNA)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $98.43 and last traded at $97.6950, with a volume of 46668 shares traded. The stock had previously closed at $96.50.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SYNA. Susquehanna raised their price objective on shares of Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Needham & Company LLC increased their target price on Synaptics from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Wells Fargo & Company lifted their price target on Synaptics from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. JPMorgan Chase & Co. boosted their price target on Synaptics from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a report on Tuesday, April 21st. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Synaptics has a consensus rating of “Moderate Buy” and a consensus target price of $99.91.

Synaptics Price Performance

The firm has a market cap of $4.04 billion, a price-to-earnings ratio of -65.59, a PEG ratio of 3.82 and a beta of 1.86. The company’s fifty day moving average is $78.17 and its 200 day moving average is $77.34. The company has a quick ratio of 2.33, a current ratio of 2.93 and a debt-to-equity ratio of 0.60.

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

Insider Transactions at Synaptics

In other Synaptics news, insider Vikram Gupta sold 1,548 shares of the business’s stock in a transaction that occurred 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 transaction, the insider 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 document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lisa Bodensteiner sold 1,798 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $81.87, for a total value of $147,202.26. Following the sale, the insider owned 65,183 shares in the company, valued at approximately $5,336,532.21. This represents a 2.68% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last ninety days, insiders sold 7,348 shares of company stock worth $618,827. 0.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Synaptics

Institutional investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its stake in Synaptics by 119.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock valued at $26,000 after acquiring an additional 190 shares during the last quarter. Hantz Financial Services Inc. increased its stake 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 worth $41,000 after purchasing an additional 351 shares during the last quarter. Optiver Holding B.V. raised its holdings in shares of Synaptics by 40.2% in the 3rd quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock valued at $41,000 after purchasing an additional 170 shares during the period. Leonteq Securities AG bought a new stake in shares of Synaptics in the 4th quarter valued at about $43,000. Finally, Lazard Asset Management LLC acquired a new stake in Synaptics in the 2nd quarter valued at about $54,000. 99.43% of the stock is currently owned by institutional investors and hedge funds.

About Synaptics

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.