Synaptics (NASDAQ:SYNA) Receives "Buy" Rating from Rosenblatt Securities

Key Points

• Rosenblatt Securities has reiterated a "Buy" rating for Synaptics, setting a price target of $95.00, which indicates a potential upside of 35.91% from the current stock price.
• Synaptics’ recent quarterly earnings surpassed expectations, reporting earnings per share of $1.01 against a consensus estimate of $1.00.
• The company has announced a share repurchase plan that authorizes the buyback of $150 million in shares, reflecting the board's belief that the stock is undervalued.

Synaptics (NASDAQ:SYNA - Get Free Report)'s stock had its "buy" rating restated by research analysts at Rosenblatt Securities in a research note issued on Friday,Benzinga reports. They presently have a $95.00 price objective on the software maker's stock. Rosenblatt Securities' price objective points to a potential upside of 35.91% from the stock's current price.

Several other equities research analysts also recently issued reports on SYNA. Barclays began coverage on shares of Synaptics in a research note on Monday, August 18th. They issued an "overweight" rating and a $78.00 price objective on the stock. Zacks Research raised Synaptics from a "strong sell" rating to a "hold" rating in a research report on Monday, September 15th. Deutsche Bank Aktiengesellschaft assumed coverage on Synaptics in a research report on Thursday, September 11th. They issued a "buy" rating and a $85.00 target price for the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Synaptics in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Synaptics from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. One 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's stock. According to data from MarketBeat.com, Synaptics presently has a consensus rating of "Moderate Buy" and an average target price of $89.00.

Synaptics Trading Up 0.4%

Shares of SYNA stock opened at $69.90 on Friday. Synaptics has a 12 month low of $41.80 and a 12 month high of $89.81. 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's 50 day moving average is $69.06 and its two-hundred day moving average is $63.55. The company has a market cap of $2.70 billion, a PE ratio of -57.77, a price-to-earnings-growth ratio of 3.02 and a beta of 1.63.

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

Synaptics announced that its Board of Directors has approved a share repurchase plan on Thursday, August 7th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the software maker to purchase up to 6.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Synaptics

Hedge funds and other institutional investors have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Synaptics during the first quarter worth $25,000. Quarry LP boosted its position in Synaptics by 220.0% during the 1st quarter. Quarry LP now owns 528 shares of the software maker's stock worth $34,000 after acquiring an additional 363 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Synaptics during the 1st quarter worth approximately $35,000. Fifth Third Bancorp boosted its position in Synaptics by 443.1% during the 2nd quarter. Fifth Third Bancorp now owns 630 shares of the software maker's stock worth $41,000 after acquiring an additional 514 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Synaptics by 480.3% during the 2nd quarter. Signaturefd LLC now owns 708 shares of the software maker's stock worth $46,000 after acquiring an additional 586 shares during the last quarter. 99.43% of the stock is owned by institutional investors.

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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