Synaptics (NASDAQ:SYNA) Stock Rating Lowered by Wall Street Zen

Key Points

• Synaptics has been downgraded by Wall Street Zen from a "buy" rating to a "hold" rating, amid mixed ratings from other analysts regarding the stock's outlook.
• The company reported earnings of $1.01 per share in its latest quarter, slightly above analyst expectations, with a revenue increase of 14.3% year-over-year.
• Synaptics has initiated a $150 million stock buyback program, indicating the Board's belief that the stock is currently undervalued.

Synaptics (NASDAQ:SYNA - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Friday.

Other equities research analysts also recently issued research reports about the company. Barclays initiated coverage on Synaptics in a research report on Monday. They issued an "overweight" rating and a $78.00 target price on the stock. Zacks Research lowered Synaptics from a "hold" rating to a "strong sell" rating in a research report on Friday, August 15th. Finally, Needham & Company LLC assumed coverage on shares of Synaptics in a research report on Friday, May 9th. They set a "buy" rating and a $80.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Synaptics currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.33.

Synaptics Trading Up 7.7%

Shares of NASDAQ:SYNA opened at $71.45 on Friday. Synaptics has a 12-month low of $41.80 and a 12-month high of $89.81. The business's fifty day simple moving average is $65.93 and its 200-day simple moving average is $62.96. The company has a current ratio of 2.78, a quick ratio of 2.26 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $2.75 billion, a PE ratio of -59.05 and a beta of 1.61.

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 for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. Synaptics had a negative net margin of 4.45% and a positive return on equity of 4.32%. The firm had revenue of $282.80 million for the quarter, compared to analyst estimates of $280.12 million. During the same period in the previous year, the company earned $0.64 earnings per share. 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. As a group, equities research analysts predict that Synaptics will post 0.96 earnings per share for the current fiscal year.

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

Institutional Trading of Synaptics

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in shares of Synaptics by 160.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,081 shares of the software maker's stock worth $329,000 after purchasing an additional 3,131 shares during the period. Corient Private Wealth LLC purchased a new position in shares of Synaptics during the 2nd quarter worth $328,000. Captrust Financial Advisors purchased a new position in shares of Synaptics during the 2nd quarter worth $237,000. Lazard Asset Management LLC purchased a new position in shares of Synaptics during the 2nd quarter worth $54,000. Finally, HRT Financial LP purchased a new position in shares of Synaptics during the 2nd quarter worth $2,318,000. 99.43% of the stock is currently owned by hedge funds and other 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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