Synaptics (NASDAQ:SYNA) Price Target Cut to $140.00 by Analysts at Wells Fargo & Company

Synaptics (NASDAQ:SYNA) had its price target cut by Wells Fargo & Company from $160.00 to $140.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the software maker’s stock.

A number of other analysts have also recently weighed in on SYNA. Northland Securities cut Synaptics from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Rosenblatt Securities lowered their price objective on Synaptics from $160.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday. Craig Hallum reissued a “hold” rating and issued a $145.00 price objective on shares of Synaptics in a research note on Friday, June 26th. Zacks Research upgraded Synaptics from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Finally, Mizuho upped their target price on Synaptics from $128.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $123.91.

Synaptics Stock Up 4.0%

Synaptics stock opened at $106.19 on Friday. The company has a market capitalization of $4.10 billion, a P/E ratio of -8.39 and a beta of 1.99. The firm’s fifty day simple moving average is $123.61 and its 200-day simple moving average is $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 1-year low of $58.28 and a 1-year high of $149.11.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, August 6th. The software maker reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.02. The business had revenue of $308.00 million during the quarter, compared to analyst estimates of $305.32 million. Synaptics had a negative net margin of 41.00% and a positive return on equity of 4.01%. Synaptics’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 EPS. Sell-side analysts forecast that Synaptics will post 1.75 earnings per share for the current fiscal year.

Insider Transactions at Synaptics

In other Synaptics news, insider Lisa Bodensteiner sold 612 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $114.83, for a total value of $70,275.96. Following the sale, the insider owned 63,106 shares of the company’s stock, valued at $7,246,461.98. This trade represents a 0.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikram Gupta sold 692 shares of Synaptics stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $114.83, for a total value of $79,462.36. Following the completion of the transaction, the insider directly owned 84,126 shares in the company, valued at approximately $9,660,188.58. This represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 11,649 shares of company stock worth $1,603,484. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Synaptics

Hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its holdings in shares of Synaptics by 2,384.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 939,182 shares of the software maker’s stock worth $65,780,000 after purchasing an additional 901,379 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Synaptics by 469.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 814,684 shares of the software maker’s stock valued at $60,304,000 after buying an additional 671,647 shares during the period. AQR Capital Management LLC lifted its stake in shares of Synaptics by 186.2% in the second quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock valued at $28,744,000 after buying an additional 288,523 shares during the period. Bank of New York Mellon Corp acquired a new stake in Synaptics during the second quarter worth about $35,039,000. Finally, Primecap Management Co. CA bought a new position in Synaptics during the fourth quarter valued at about $15,670,000. Institutional investors and hedge funds own 99.43% of the company’s stock.

Key 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.