Synaptics Incorporated (NASDAQ:SYNA) Receives $94.00 Consensus Target Price from Brokerages

Key Points

• Synaptics Incorporated has received an average rating of "Buy" from seven analysts covering the stock, with an average target price of $94.00 over the next year.
• The company recently reported earnings of $1.01 per share, exceeding analysts' estimates of $1.00, while revenue climbed 14.3% year-over-year to $282.80 million.
• Synaptics announced a $150 million share buyback plan, indicating confidence from the board in the valuation of the company’s shares.

Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) has received an average rating of "Moderate Buy" from the nine research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $91.3333.

Several research firms recently issued reports on SYNA. Zacks Research downgraded Synaptics from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. Barclays started coverage on Synaptics in a report on Monday. They issued an "overweight" rating and a $78.00 target price for the company. Wall Street Zen raised Synaptics from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Needham & Company LLC initiated coverage on Synaptics in a research report on Friday, May 9th. They issued a "buy" rating and a $80.00 price target on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Synaptics in the first quarter valued at approximately $25,000. Parallel Advisors LLC lifted its holdings in Synaptics by 151.1% during the first quarter. Parallel Advisors LLC now owns 447 shares of the software maker's stock worth $28,000 after acquiring an additional 269 shares during the period. Quarry LP lifted 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 purchased a new stake in Synaptics in the first quarter worth $35,000. Finally, Menard Financial Group LLC purchased a new stake in Synaptics in the fourth quarter worth $37,000. Institutional investors own 99.43% of the company's stock.

Synaptics Stock Down 2.2%

Shares of NASDAQ:SYNA traded down $1.50 during mid-day trading on Friday, reaching $66.76. 540,986 shares of the stock were exchanged, compared to its average volume of 501,817. 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 $2.57 billion, a P/E ratio of -55.17 and a beta of 1.61. Synaptics has a one year low of $41.80 and a one year high of $89.81. The stock's 50 day simple moving average is $65.69 and its 200-day simple moving average is $63.11.

Synaptics (NASDAQ:SYNA - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The software maker reported $1.01 earnings per share 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 firm had revenue of $282.80 million during the quarter, compared to the consensus estimate of $280.12 million. During the same period last year, the company earned $0.64 earnings per share. 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 EPS for the current year.

Synaptics announced that its Board of Directors has approved a stock repurchase plan on Thursday, August 7th that allows the company to buyback $150.00 million in outstanding 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 often an indication that the company's board of directors believes its shares are 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.