Synaptics (NASDAQ:SYNA) Price Target Raised to $180.00

Synaptics (NASDAQ:SYNA) had its price objective increased by stock analysts at Rosenblatt Securities from $125.00 to $180.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. Rosenblatt Securities’ target price points to a potential upside of 45.58% from the company’s current price.

SYNA has been the topic of several other reports. JPMorgan Chase & Co. increased their target price on Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Wall Street Zen upgraded Synaptics from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Barclays increased their target price on Synaptics from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Zacks Research upgraded Synaptics from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $125.00 target price on shares of Synaptics in a research report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $119.18.

Synaptics Stock Performance

NASDAQ SYNA opened at $123.64 on Wednesday. The business’s 50-day moving average price is $86.71 and its 200 day moving average price is $80.91. Synaptics has a twelve month low of $57.54 and a twelve month high of $134.27. The company has a market capitalization of $4.78 billion, a PE ratio of -99.71, a price-to-earnings-growth ratio of 4.11 and a beta of 1.86. 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 (NASDAQ:SYNA) last released its earnings results on Thursday, May 7th. The software maker reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.10%.The firm had revenue of $294.20 million for the quarter, compared to the consensus estimate of $290.51 million. During the same period in the prior year, the business posted $0.90 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, research analysts predict that Synaptics will post 1.21 earnings per share for the current year.

Insider Transactions at Synaptics

In other news, insider Vikram Gupta sold 1,548 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $92.90, for a total value of $143,809.20. Following the completion of the sale, the insider owned 87,382 shares in the company, valued at approximately $8,117,787.80. This trade represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $81.87, for a total value of $147,202.26. Following the completion of the sale, the insider owned 65,183 shares of the company’s stock, valued at approximately $5,336,532.21. This trade represents a 2.68% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 6,000 shares of company stock valued at $504,287. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Synaptics

Large investors have recently modified their holdings of the stock. State of Michigan Retirement System grew its stake in Synaptics by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 9,333 shares of the software maker’s stock valued at $654,000 after purchasing an additional 100 shares in the last quarter. LPL Financial LLC grew its stake in Synaptics by 3.9% during the 4th quarter. LPL Financial LLC now owns 3,216 shares of the software maker’s stock valued at $238,000 after purchasing an additional 121 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in Synaptics by 1.5% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 8,724 shares of the software maker’s stock valued at $646,000 after purchasing an additional 132 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Synaptics by 0.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 15,135 shares of the software maker’s stock valued at $1,146,000 after purchasing an additional 134 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in Synaptics by 4.0% during the 4th quarter. Captrust Financial Advisors now owns 4,262 shares of the software maker’s stock valued at $315,000 after purchasing an additional 163 shares in the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

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.