Synaptics (NASDAQ:SYNA) Given “Buy” Rating at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Synaptics (NASDAQ:SYNA) in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a $95.00 target price on the software maker’s stock.

SYNA has been the topic of several other research reports. Zacks Research upgraded Synaptics from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Barclays began coverage on Synaptics in a report on Monday, August 18th. They set an “overweight” rating and a $78.00 price target on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Synaptics in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft began coverage on Synaptics in a report on Thursday, September 11th. They set a “buy” rating and a $85.00 price target on the stock. Finally, Wall Street Zen lowered Synaptics from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.00.

Synaptics Stock Down 0.6%

NASDAQ SYNA opened at $69.45 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.26 and a current ratio of 2.78. The company has a market capitalization of $2.68 billion, a P/E ratio of -57.40, a P/E/G ratio of 3.03 and a beta of 1.63. Synaptics has a one year low of $41.80 and a one year high of $89.81. The stock has a 50 day moving average price of $69.17 and a 200-day moving average price of $63.60.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, August 7th. The software maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. The firm had revenue of $282.80 million during the quarter, compared to the consensus estimate of $280.12 million. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.45%.The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. As a group, equities analysts predict that Synaptics will post 0.96 EPS for the current fiscal year.

Synaptics announced that its board has authorized a share repurchase program on Thursday, August 7th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the software maker to buy up to 6.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of Synaptics

Hedge funds and other institutional investors have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Synaptics during the first quarter valued at $25,000. Quarry LP increased its stake in shares of Synaptics by 220.0% during the first quarter. Quarry LP now owns 528 shares of the software maker’s stock valued at $34,000 after buying an additional 363 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Synaptics during the first quarter valued at $35,000. Fifth Third Bancorp increased its stake in shares of Synaptics by 443.1% during the second quarter. Fifth Third Bancorp now owns 630 shares of the software maker’s stock valued at $41,000 after buying an additional 514 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Synaptics by 480.3% during the second quarter. Signaturefd LLC now owns 708 shares of the software maker’s stock valued at $46,000 after buying an additional 586 shares during the period. Hedge funds and other institutional investors own 99.43% of the company’s stock.

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.