Synaptics Incorporated (NASDAQ:SYNA) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Synaptics Incorporated has received a consensus rating of "Moderate Buy" from eleven analysts, with a year-target price averaging $90.43.
• The company's recent quarterly earnings topped estimates with an EPS of $1.01, indicating a revenue increase of 14.3% year-over-year.
• Synaptics authorized a $150 million stock buyback program, reflecting confidence from its Board of Directors in the company's undervalued share price.

Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eleven analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $90.4286.

Several research firms have recently commented on SYNA. Barclays began coverage on Synaptics in a research report on Monday, August 18th. They issued an "overweight" rating and a $78.00 price target for the company. Wall Street Zen lowered Synaptics from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Deutsche Bank Aktiengesellschaft began coverage on Synaptics in a research note on Thursday, September 11th. They set a "buy" rating and a $85.00 target price on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Synaptics in a research note on Saturday, September 27th. Finally, Zacks Research upgraded Synaptics from a "strong sell" rating to a "hold" rating in a research note on Monday, September 15th.

Synaptics Trading Up 1.6%

Shares of NASDAQ SYNA opened at $69.17 on Friday. 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 business has a fifty day simple moving average of $68.31 and a two-hundred day simple moving average of $63.37. The firm has a market cap of $2.67 billion, a PE ratio of -57.16 and a beta of 1.63. Synaptics has a twelve month low of $41.80 and a twelve month high of $89.81.

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

Synaptics declared that its Board of Directors has authorized a stock buyback program on Thursday, August 7th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the software maker to purchase up to 6.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Institutional Trading of Synaptics

Several large investors have recently added to or reduced their stakes in SYNA. Johnson Investment Counsel Inc. lifted its holdings in shares of Synaptics by 6.1% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 3,601 shares of the software maker's stock valued at $233,000 after buying an additional 206 shares during the period. California State Teachers Retirement System raised its holdings in Synaptics by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 36,853 shares of the software maker's stock worth $2,389,000 after purchasing an additional 209 shares during the period. Nisa Investment Advisors LLC raised its holdings in Synaptics by 50.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 708 shares of the software maker's stock worth $46,000 after purchasing an additional 237 shares during the period. PNC Financial Services Group Inc. raised its holdings in Synaptics by 32.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,016 shares of the software maker's stock worth $65,000 after purchasing an additional 249 shares during the period. Finally, Parallel Advisors LLC raised its holdings in Synaptics by 151.1% in the 1st quarter. Parallel Advisors LLC now owns 447 shares of the software maker's stock worth $28,000 after purchasing an additional 269 shares during the period. Hedge funds and other institutional investors own 99.43% of the company's stock.

Synaptics Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.