Synaptics (SYNA) Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Synaptics in the last twelve months. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SYNA shares.
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12 Wall Street analysts have issued twelve-month target prices for Synaptics' stock. Their SYNA share price forecasts range from $80.00 to $195.00. On average, they expect the company's stock price to reach $112.08 in the next year. This suggests a possible upside of 25.3% from the stock's current price.
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Synaptics' stock was trading at $95.16 at the start of the year. Since then, SYNA stock has decreased by 6.0% and is now trading at $89.44.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Synaptics Incorporated (NASDAQ:SYNA) announced its quarterly earnings results on Thursday, August, 3rd. The software maker reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.21) by $0.22. The software maker had revenue of $227.30 million for the quarter, compared to the consensus estimate of $224.34 million. Synaptics had a net margin of 5.43% and a trailing twelve-month return on equity of 17.11%. Synaptics's revenue for the quarter was down 52.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.21 EPS.

ETFs with the largest weight of Synaptics (NASDAQ:SYNA) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), Columbia Seligman Semiconductor and Technology ETF (SEMI), Fidelity Metaverse ETF (FMET), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), Pacer US Export Leaders ETF (PEXL), Syntax Stratified MidCap ETF (SMDY), iShares Semiconductor ETF (SOXX) and Direxion Daily Semiconductors Bull 3x Shares (SOXL).

Synaptics declared that its board has initiated a stock repurchase program on Wednesday, May 3rd 2023, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 14.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Synaptics issued an update on its first quarter 2024 earnings guidance on Friday, September, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $215.00 million-$245.00 million, compared to the consensus revenue estimate of $233.50 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."

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 $89.44.

Synaptics (NASDAQ:SYNA) has a market capitalization of $3.45 billion and generates $1.36 billion in revenue each year. The software maker earns $73.60 million in net income (profit) each year or $1.81 on an earnings per share basis.

The company employs 1,891 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.