Synaptics (NASDAQ:SYNA) Given New $115.00 Price Target at Rosenblatt Securities

Synaptics (NASDAQ:SYNA) had its price objective decreased by Rosenblatt Securities from $160.00 to $115.00 in a report issued on Friday morning,Benzinga reports. Rosenblatt Securities currently has a neutral rating on the software maker’s stock.

A number of other brokerages have also issued reports on SYNA. Deutsche Bank Aktiengesellschaft lowered shares of Synaptics from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research note on Monday, June 29th. Zacks Research raised Synaptics from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. boosted their price objective on Synaptics from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Wells Fargo & Company upped their price objective on Synaptics from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Finally, Needham & Company LLC downgraded Synaptics from a “buy” rating to a “hold” rating in a report on Friday, June 26th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $123.91.

Synaptics Stock Up 4.0%

Shares of NASDAQ:SYNA opened at $106.19 on Friday. The firm has a market cap of $4.10 billion, a PE ratio of -8.39 and a beta of 1.99. The company has a fifty day simple moving average of $123.61 and a 200 day simple moving average of $102.07. The company has a current ratio of 3.04, a quick ratio of 2.39 and a debt-to-equity ratio of 0.62. Synaptics has a 12-month low of $58.28 and a 12-month high of $149.11.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, August 6th. The software maker reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.02. The firm had revenue of $308.00 million for the quarter, compared to the consensus estimate of $305.32 million. Synaptics had a negative net margin of 41.00% and a positive return on equity of 4.01%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. On average, equities research analysts anticipate that Synaptics will post 1.75 EPS for the current fiscal year.

Insider Transactions at Synaptics

In other news, insider Lisa Bodensteiner sold 612 shares of Synaptics stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $114.83, for a total value of $70,275.96. Following the completion of the transaction, the insider directly owned 63,106 shares of the company’s stock, valued at approximately $7,246,461.98. The trade was a 0.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikram Gupta sold 692 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $114.83, for a total transaction of $79,462.36. Following the sale, the insider directly owned 84,126 shares of the company’s stock, valued at approximately $9,660,188.58. This represents a 0.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 11,649 shares of company stock worth $1,603,484. 0.50% of the stock is currently owned by insiders.

Institutional Trading of Synaptics

Hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Synaptics by 2,384.4% during the first quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker’s stock valued at $65,780,000 after acquiring an additional 901,379 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Synaptics by 469.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 814,684 shares of the software maker’s stock valued at $60,304,000 after purchasing an additional 671,647 shares during the last quarter. AQR Capital Management LLC grew its position in Synaptics by 186.2% in the 2nd quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock worth $28,744,000 after purchasing an additional 288,523 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Synaptics in the second quarter valued at approximately $35,039,000. Finally, Primecap Management Co. CA acquired a new stake in shares of Synaptics in the fourth quarter valued at approximately $15,670,000. Institutional investors own 99.43% of the company’s stock.

More Synaptics News

Here are the key news stories impacting Synaptics this week:

• Positive Sentiment: Synaptics reported fiscal Q4 adjusted earnings of $1.23 per share, above the $1.21 consensus estimate and up from $1.01 a year earlier. Revenue increased 8.9% year over year to $308 million, also surpassing the $305.32 million estimate. Synaptics Surpasses Q4 Earnings and Revenue Estimates
• Positive Sentiment: The earnings beat, improving year-over-year revenue and stronger-than-expected quarterly performance provide near-term fundamental support for SYNA. Synaptics Reports Fourth Quarter and Full Year Fiscal 2026 Results
• Neutral Sentiment: Wells Fargo reduced its price target from $160 to $140 but maintained an Overweight rating, implying substantial potential upside from recent trading levels. Wells Fargo analyst action
• Neutral Sentiment: TD Cowen maintained a Hold rating with a $150 target, describing results as stable while flagging uncertainty related to the onsemi acquisition. TD Cowen maintains Hold on Synaptics
• Negative Sentiment: Rosenblatt Securities cut its price target sharply from $160 to $115 and downgraded its stance to Neutral, signaling more limited confidence in the stock’s valuation and near-term upside. Rosenblatt analyst action

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.