Synaptics Stock Price, News & Analysis (NASDAQ:SYNA)

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Synaptics in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SYNA shares.
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11 equities research analysts have issued twelve-month price targets for Synaptics' stock. Their SYNA share price targets range from $80.00 to $195.00. On average, they expect the company's share price to reach $117.73 in the next twelve months. This suggests a possible upside of 16.3% 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 shares have increased by 6.4% and is now trading at $101.24.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
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Synaptics Incorporated (NASDAQ:SYNA) announced its quarterly earnings results on Thursday, November, 9th. The software maker reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.14. The software maker had revenue of $237.70 million for the quarter, compared to analysts' expectations of $230.43 million. Synaptics had a negative net margin of 4.07% and a positive trailing twelve-month return on equity of 7.24%. The firm's revenue was down 47.0% on a year-over-year basis. During the same period last year, the company posted $2.89 earnings per share.

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 of Directors has approved a share buyback plan on Wednesday, May 3rd 2023, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 14.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is 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' stock is owned by a variety of institutional and retail investors. Top institutional investors include Ameriprise Financial Inc. (10.54%), Trigran Investments Inc. (3.47%), FMR LLC (2.87%), Bank of New York Mellon Corp (2.91%), Northern Trust Corp (1.27%) and TimesSquare Capital Management LLC (1.19%). Insiders that own company stock include Ares Management Llc, Dean Warren Butler, James L Whims, Jeffrey D Buchanan, Jeffrey D Buchanan, John Mcfarland, Kermit Nolan, Kiva A Allgood, Kiva A Allgood, Michael E Hurlston, Nelson C Chan and Saleel Awsare.
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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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