Deutsche Bank Aktiengesellschaft Begins Coverage on Synaptics (NASDAQ:SYNA)

Key Points

• Deutsche Bank has initiated coverage on Synaptics (NASDAQ:SYNA), giving the stock a "buy" rating with a price target of $85.00, implying a potential upside of 23.01% from its current price.
• Despite the positive outlook from Deutsche Bank, other analysts have issued mixed reviews, with Zacks downgrading the stock to "strong sell" and the consensus rating being a "Moderate Buy" with an average price target of $90.43.
• Synaptics announced a $150 million share buyback program, indicating the board's belief that the stock is currently undervalued.

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Synaptics (NASDAQ:SYNA - Get Free Report) in a report issued on Thursday,Benzinga reports. The brokerage set a "buy" rating and a $85.00 price target on the software maker's stock. Deutsche Bank Aktiengesellschaft's price target would suggest a potential upside of 23.01% from the company's current price.

SYNA has been the topic of several other reports. Zacks Research downgraded Synaptics from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. Barclays assumed coverage on Synaptics in a research note on Monday, August 18th. They set an "overweight" rating and a $78.00 target price on the stock. Finally, Wall Street Zen lowered shares of Synaptics from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $90.43.

Synaptics Trading Down 1.2%

Shares of NASDAQ:SYNA opened at $69.10 on Thursday. Synaptics has a 12-month low of $41.80 and a 12-month high of $89.81. The business's fifty day simple moving average is $67.25 and its 200-day simple moving average is $62.72. The company has a market capitalization of $2.67 billion, a PE ratio of -57.11 and a beta of 1.63. The company has a current ratio of 2.78, a quick ratio of 2.26 and a debt-to-equity ratio of 0.60.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.45%.The business had revenue of $282.80 million for the quarter, compared to the consensus estimate of $280.12 million. During the same period last year, the business posted $0.64 EPS. The business's revenue was up 14.3% compared to the same quarter last year. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. As a group, equities research analysts predict that Synaptics will post 0.96 earnings per share for the current fiscal year.

Synaptics announced that its Board of Directors has approved a share buyback 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 shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its stock is undervalued.

Institutional Trading of Synaptics

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Synaptics by 160.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,081 shares of the software maker's stock valued at $329,000 after buying an additional 3,131 shares during the period. Corient Private Wealth LLC acquired a new position in shares of Synaptics in the 2nd quarter valued at about $328,000. Captrust Financial Advisors acquired a new position in shares of Synaptics in the 2nd quarter valued at about $237,000. Lazard Asset Management LLC acquired a new position in shares of Synaptics in the 2nd quarter valued at about $54,000. Finally, HRT Financial LP acquired a new position in shares of Synaptics in the 2nd quarter valued at about $2,318,000. Institutional investors and hedge funds own 99.43% of the company's stock.

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.

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