Synaptics (NASDAQ:SYNA) Issues Quarterly Earnings Results

Synaptics (NASDAQ:SYNA) released its quarterly earnings data on Thursday. The software maker reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03, FiscalAI reports. The company had revenue of $292.50 million during the quarter, compared to analysts’ expectations of $289.93 million. Synaptics had a negative net margin of 4.45% and a positive return on equity of 4.32%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 EPS. Synaptics updated its Q2 2026 guidance to 1.000-1.300 EPS.

Synaptics Stock Down 2.2%

Shares of NASDAQ SYNA traded down $1.56 during trading hours on Thursday, hitting $68.61. 413,132 shares of the stock were exchanged, compared to its average volume of 492,457. The company has a quick ratio of 2.26, a current ratio of 2.78 and a debt-to-equity ratio of 0.60. The company has a market cap of $2.68 billion, a PE ratio of -56.70, a PEG ratio of 3.03 and a beta of 1.63. The firm has a fifty day moving average price of $69.74 and a 200-day moving average price of $65.77. Synaptics has a 12 month low of $41.80 and a 12 month high of $89.81.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. HRT Financial LP bought a new position in shares of Synaptics during the 2nd quarter worth approximately $2,318,000. Federated Hermes Inc. increased its position in shares of Synaptics by 9.1% in the 2nd quarter. Federated Hermes Inc. now owns 23,352 shares of the software maker’s stock valued at $1,514,000 after acquiring an additional 1,939 shares during the period. Engineers Gate Manager LP increased its position in shares of Synaptics by 286.9% in the 2nd quarter. Engineers Gate Manager LP now owns 20,807 shares of the software maker’s stock valued at $1,349,000 after acquiring an additional 15,429 shares during the period. Quantinno Capital Management LP acquired a new position in shares of Synaptics in the 2nd quarter valued at $576,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Synaptics in the 2nd quarter valued at $467,000. Institutional investors own 99.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Synaptics in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Synaptics in a research report on Thursday, September 11th. They issued a “buy” rating and a $85.00 price objective for the company. Barclays started coverage on shares of Synaptics in a research report on Monday, August 18th. They issued an “overweight” rating and a $78.00 price objective for the company. Finally, Zacks Research raised shares of Synaptics from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.00.

Synaptics declared that its board has approved a stock repurchase program on Thursday, August 7th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the software maker to reacquire up to 6.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

About Synaptics

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.