Synaptics (SYNA) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synaptics in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SYNA shares.
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10 brokers have issued twelve-month price targets for Synaptics' stock. Their SYNA share price forecasts range from $75.00 to $195.00. On average, they expect the company's share price to reach $124.55 in the next year. This suggests a possible upside of 50.5% from the stock's current price.
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Synaptics' stock was trading at $95.16 at the beginning of the year. Since then, SYNA stock has decreased by 13.0% and is now trading at $82.75.
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Synaptics saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,860,000 shares, an increase of 35.8% from the April 30th total of 1,370,000 shares. Based on an average daily volume of 552,000 shares, the short-interest ratio is presently 3.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our SYNA earnings forecast.

Synaptics Incorporated (NASDAQ:SYNA) posted its earnings results on Thursday, November, 4th. The software maker reported $2.68 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.41. The software maker had revenue of $372.70 million for the quarter, compared to analyst estimates of $370.58 million. Synaptics had a net margin of 11.21% and a trailing twelve-month return on equity of 27.01%. Synaptics's quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.38 earnings per share.

ETFs with the largest weight of Synaptics (NASDAQ:SYNA) stock in their portfolio include Columbia Seligman Semiconductor and Technology ETF (SEMI), SPDR S&P Semiconductor ETF (XSD), Fidelity Metaverse ETF (FMET), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), Defiance Quantum ETF (QTUM), Pacer US Export Leaders ETF (PEXL), First Trust Mid Cap Value AlphaDEX Fund (FNK) and iShares Semiconductor ETF (SOXX).

Synaptics announced that its board has authorized a share buyback plan on Wednesday, May 3rd 2023, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 14.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Synaptics updated its fourth quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $210.00 million-$240.00 million, compared to the consensus revenue estimate of $330.39 million.

16 employees have rated Synaptics Chief Executive Officer Michael Hurlston on Glassdoor.com. Michael Hurlston has an approval rating of 56% among the company's employees. This puts Michael Hurlston in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Synaptics investors own include CA (CA), BlackRock (BLK), QUALCOMM (QCOM), Micron Technology (MU), NVIDIA (NVDA), Chipotle Mexican Grill (CMG), Alibaba Group (BABA), Endologix (ELGX), Intel (INTC) and Pfizer (PFE).

Synaptics trades on the NASDAQ under the ticker symbol "SYNA."

Synaptics' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.61%), Ameriprise Financial Inc. (9.31%), Wellington Management Group LLP (6.74%), FMR LLC (6.60%), State Street Corp (4.29%) and Fisher Asset Management LLC (2.51%). Insiders that own company stock include Ares Management Llc, Dean Warren Butler, James L Whims, Jeffrey D Buchanan, Jeffrey D Buchanan, John Mcfarland, Keith Geeslin, Kermit Nolan, Kiva A Allgood, Kiva A Allgood, Michael E Hurlston, Nelson C Chan, Richard L Sanquini, Saleel Awsare and Susan J Hardman.
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Shares of SYNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SYNA stock can currently be purchased for approximately $82.75.

Synaptics (NASDAQ:SYNA) has a market capitalization of $3.27 billion and generates $1.74 billion in revenue each year. The software maker earns $257.50 million in net income (profit) each year or $4.44 on an earnings per share basis.

The company employs 1,775 workers across the globe.

Synaptics' mailing address is 1251 MCKAY DRIVE, SAN JOSE CA, 95131. The official website for the company is www.synaptics.com. The software maker can be reached via phone at (408) 904-1100, via email at ir@synaptics.com, or via fax at 408-904-1110.