Synaptics - SYNA Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synaptics in the last year. There are currently 4 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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11 analysts have issued 1-year price targets for Synaptics' shares. Their SYNA share price forecasts range from $110.00 to $190.00. On average, they expect the company's share price to reach $148.18 in the next year. This suggests a possible upside of 38.0% from the stock's current price.
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Synaptics' stock was trading at $95.16 on January 1st, 2023. Since then, SYNA shares have increased by 12.8% and is now trading at $107.38.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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Synaptics Incorporated (NASDAQ:SYNA) released its quarterly earnings results on Thursday, November, 4th. The software maker reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.41. The software maker earned $372.70 million during the quarter, compared to analysts' expectations of $370.58 million. Synaptics had a net margin of 13.41% and a trailing twelve-month return on equity of 33.67%. The company's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 Nasdaq Semiconductor ETF (FTXL) and Distillate Small/Mid Cash Flow ETF (DSMC).

Synaptics updated its third quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $310.00 million-$340.00 million, compared to the consensus revenue estimate of $348.77 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 many different retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (2.55%), Alliancebernstein L.P. (2.19%), Dimensional Fund Advisors LP (1.96%), Geode Capital Management LLC (1.92%), Charles Schwab Investment Management Inc. (1.31%) and Norges Bank (0.93%). 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 $107.38.

Synaptics (NASDAQ:SYNA) has a market capitalization of $4.23 billion and generates $1.74 billion in revenue each year. The software maker earns $257.50 million in net income (profit) each year or $5.77 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.