Synaptics (NASDAQ:SYNA) Given New $115.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its price target on Synaptics from $100 to $115 and kept an overweight rating, though the new target still implies downside from the prior close.
• Synaptics shares jumped 17.5% to $124.33 on heavy volume, even after the new analyst target, with the stock trading near its 52-week high.
• The company recently beat quarterly earnings and revenue estimates, and management also raised next-quarter EPS guidance, helping fuel the stock’s rally.

Synaptics (NASDAQ:SYNA - Get Free Report) had its price target boosted by equities researchers at JPMorgan Chase & Co. from $100.00 to $115.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the software maker's stock. JPMorgan Chase & Co.'s target price suggests a potential downside of 7.50% from the stock's previous close.

A number of other brokerages also recently commented on SYNA. TD Cowen reaffirmed a "buy" rating on shares of Synaptics in a research report on Friday, February 6th. Zacks Research downgraded Synaptics from a "hold" rating to a "strong sell" rating in a research report on Wednesday, April 8th. Wall Street Zen downgraded Synaptics from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. Barclays increased their price target on Synaptics from $100.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Rosenblatt Securities raised their price target on Synaptics from $95.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $114.18.

Synaptics Stock Up 17.5%

Synaptics stock traded up $18.53 during trading on Friday, hitting $124.33. 1,573,098 shares of the company were exchanged, compared to its average volume of 802,329. The business's 50 day moving average is $79.18 and its 200 day moving average is $77.86. Synaptics has a 52 week low of $57.54 and a 52 week high of $129.78. The company has a market capitalization of $4.82 billion, a P/E ratio of -78.19, a PEG ratio of 4.06 and a beta of 1.86. The company has a current ratio of 2.93, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The software maker reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.06. The business had revenue of $302.50 million during the quarter, compared to the consensus estimate of $300.31 million. Synaptics had a positive return on equity of 4.77% and a negative net margin of 5.41%.Synaptics's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. Analysts predict that Synaptics will post 1.18 earnings per share for the current year.

Insider Buying and Selling at Synaptics

In related news, insider Lisa Bodensteiner sold 1,798 shares of Synaptics stock in a transaction on Monday, April 20th. The stock was sold at an average price of $81.87, for a total transaction of $147,202.26. Following the completion of the sale, the insider owned 65,183 shares of the company's stock, valued at approximately $5,336,532.21. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Vikram Gupta sold 1,548 shares of Synaptics stock in a transaction on Monday, April 27th. The shares were sold at an average price of $92.90, for a total value of $143,809.20. Following the sale, the insider directly owned 87,382 shares of the company's stock, valued at $8,117,787.80. This represents a 1.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,348 shares of company stock valued at $618,827 in the last three months. 0.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Swiss National Bank increased its holdings in shares of Synaptics by 1.0% in the first quarter. Swiss National Bank now owns 77,100 shares of the software maker's stock worth $5,400,000 after buying an additional 800 shares during the period. D.A. Davidson & CO. purchased a new position in shares of Synaptics in the first quarter worth about $1,336,000. Hillsdale Investment Management Inc. purchased a new position in shares of Synaptics in the first quarter worth about $266,000. State of Michigan Retirement System increased its holdings in shares of Synaptics by 1.1% in the first quarter. State of Michigan Retirement System now owns 9,333 shares of the software maker's stock worth $654,000 after buying an additional 100 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Synaptics by 8.9% during the 1st quarter. Principal Financial Group Inc. now owns 92,037 shares of the software maker's stock valued at $6,446,000 after purchasing an additional 7,529 shares during the period. Hedge funds and other institutional investors own 99.43% of the company's stock.

Synaptics News Roundup

Here are the key news stories impacting Synaptics this week:

• Positive Sentiment: Q3 results beat expectations: non‑GAAP EPS $1.09 vs. $1.01 estimate and revenue $294.2M (up ~10% YoY). The company reported healthy gross margins and multiple new design wins, which supports revenue and margin outlook. Synaptics Reports Third Quarter Fiscal 2026 Results
• Positive Sentiment: Guidance raised for next quarter: EPS guidance of $1.05–$1.35 vs. consensus $0.95 and revenue guidance roughly in line with consensus — the higher EPS outlook is a key driver of the rally. Press Release / Guidance
• Positive Sentiment: Core IoT product sales accelerated (reported +31% YoY) and management highlighted design wins in Physical AI and robotics — evidence of structural revenue growth beyond PCs/phones. Synaptics Reports Third Quarter Fiscal 2026 Results
• Positive Sentiment: Susquehanna raised its price target to $125 and maintained a positive rating — an analyst upgrade that reinforces the buy-side narrative and likely supported intraday buying. Benzinga The Fly
• Neutral Sentiment: Full earnings call transcript and analyst commentary are available for deeper read-throughs on product commentary, customer timing, and margin drivers. These details will matter for sustained moves but are informational in the near term. Earnings Call Transcript
• Neutral Sentiment: Analysts and outlets (Zacks) posted quick takes comparing key metrics to estimates — useful for nuance (margins, segment trends) but not new catalyst by itself. Zacks — Key Metrics Zacks — Beat Summary
• Negative Sentiment: Barclays raised its target to $110 and kept an overweight rating, but the PT is below the current market level — a cautious valuation signal that could cap upside if analysts or investors fixate on target downside. Benzinga

About Synaptics

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.

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