Synaptics’ (SYNA) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Synaptics (NASDAQ:SYNA) in a research note released on Tuesday,Benzinga reports. The brokerage currently has a $95.00 target price on the software maker’s stock.

A number of other analysts have also issued reports on SYNA. Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a research note on Wednesday, October 8th. Barclays began coverage on shares of Synaptics in a research note on Monday, August 18th. They set an “overweight” rating and a $78.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 price objective on shares of Synaptics in a report on Friday, November 7th. Zacks Research upgraded Synaptics from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Synaptics in a research report on Thursday, September 11th. They set a “buy” rating and a $85.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.29.

Synaptics Trading Down 3.2%

Shares of SYNA opened at $65.44 on Tuesday. The stock’s 50-day moving average is $69.54 and its two-hundred day moving average is $66.25. The stock has a market cap of $2.55 billion, a PE ratio of -54.08, a P/E/G ratio of 3.03 and a beta of 1.63. Synaptics has a 12 month low of $41.80 and a 12 month high of $89.81. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.78 and a quick ratio of 2.26.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, November 6th. The software maker reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $292.50 million during the quarter, compared to analyst estimates of $289.93 million. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.45%.The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 earnings per share. Synaptics has set its Q2 2026 guidance at 1.000-1.300 EPS. Equities analysts forecast that Synaptics will post 0.96 earnings per share for the current fiscal year.

Synaptics announced that its board has authorized a stock repurchase plan on Thursday, August 7th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the software maker to reacquire up to 6.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Synaptics

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Synaptics in the first quarter valued at $25,000. Quarry LP grew its holdings in Synaptics by 220.0% during the first quarter. Quarry LP now owns 528 shares of the software maker’s stock worth $34,000 after acquiring an additional 363 shares during the period. Banque Cantonale Vaudoise bought a new stake in Synaptics in the first quarter worth about $35,000. Fifth Third Bancorp boosted its position in shares of Synaptics by 443.1% during the 2nd quarter. Fifth Third Bancorp now owns 630 shares of the software maker’s stock valued at $41,000 after purchasing an additional 514 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of Synaptics by 143.9% in 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. 99.43% of the stock is currently owned by institutional investors and hedge funds.

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.