Synaptics (NASDAQ:SYNA) Earns Sell (D) Rating from Weiss Ratings

Key Points

• Weiss Ratings has restated Synaptics' stock rating to "sell (D)", indicating a bearish outlook from analysts.
• Synaptics' stock has experienced mixed ratings from analysts, with one strong buy, seven buys, one hold, and one sell, resulting in a consensus rating of "Moderate Buy" with a price target of $90.43.
• The company reported a quarterly revenue increase of 14.3% year-over-year, achieving $1.01 earnings per share, slightly above analysts' expectations.

Synaptics (NASDAQ:SYNA - Get Free Report)'s stock had its "sell (d)" rating restated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also weighed in on SYNA. Wall Street Zen lowered Synaptics from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Deutsche Bank Aktiengesellschaft started coverage on Synaptics in a research report on Thursday, September 11th. They set a "buy" rating and a $85.00 price target on the stock. Zacks Research upgraded Synaptics from a "strong sell" rating to a "hold" rating in a research report on Monday, September 15th. Finally, Barclays started coverage on Synaptics in a research report on Monday, August 18th. They set an "overweight" rating and a $78.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.43.

Synaptics Price Performance

Shares of SYNA stock opened at $68.31 on Wednesday. The firm has a market cap of $2.64 billion, a P/E ratio of -56.45, a P/E/G ratio of 2.84 and a beta of 1.63. Synaptics has a fifty-two week low of $41.80 and a fifty-two week high of $89.81. The business's 50 day moving average price is $68.36 and its 200-day moving average price is $63.45. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.26 and a current ratio of 2.78.

Synaptics (NASDAQ:SYNA - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The software maker reported $1.01 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $280.12 million. During the same period last year, the company earned $0.64 EPS. The business's quarterly 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. On average, equities research analysts anticipate that Synaptics will post 0.96 earnings per share for the current year.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SYNA. GAMMA Investing LLC raised its stake in shares of Synaptics by 10,953.1% in the first quarter. GAMMA Investing LLC now owns 23,322 shares of the software maker's stock worth $1,486,000 after purchasing an additional 23,111 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Synaptics during the first quarter valued at $320,000. Cardinal Capital Management increased its position in Synaptics by 15.8% during the first quarter. Cardinal Capital Management now owns 41,495 shares of the software maker's stock valued at $2,644,000 after acquiring an additional 5,649 shares during the last quarter. Johnson Investment Counsel Inc. purchased a new stake in Synaptics during the first quarter valued at $216,000. Finally, CWC Advisors LLC. increased its position in Synaptics by 33.2% during the first quarter. CWC Advisors LLC. now owns 5,083 shares of the software maker's stock valued at $324,000 after acquiring an additional 1,268 shares during the last quarter. 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.

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