Synaptics (NASDAQ:SYNA) Hits New 1-Year High – Still a Buy?

Shares of Synaptics Incorporated (NASDAQ:SYNAGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $148.10 and last traded at $147.57, with a volume of 907441 shares traded. The stock had previously closed at $143.69.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Craig Hallum reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Synaptics in a research report on Friday, May 8th. Northland Securities set a $123.00 target price on shares of Synaptics in a research note on Friday, May 8th. Susquehanna boosted their target price on shares of Synaptics from $105.00 to $125.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $125.00 target price on shares of Synaptics in a research note on Friday, May 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price on shares of Synaptics in a research note on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $119.18.

Read Our Latest Stock Report on SYNA

Synaptics Stock Up 2.7%

The company has a market capitalization of $5.70 billion, a PE ratio of -119.01, a PEG ratio of 4.60 and a beta of 1.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.39 and a current ratio of 3.04. The stock’s 50 day moving average is $93.16 and its 200 day moving average is $83.35.

Synaptics (NASDAQ:SYNAGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The software maker reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $294.20 million for the quarter, compared to analysts’ expectations of $290.51 million. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.32%. Synaptics’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS. Synaptics has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, sell-side analysts anticipate that Synaptics Incorporated will post 1.3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Vikram Gupta sold 692 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $114.83, for a total transaction of $79,462.36. Following the sale, the insider directly owned 84,126 shares in the company, valued at approximately $9,660,188.58. This represents a 0.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lisa Bodensteiner sold 612 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $114.83, for a total transaction of $70,275.96. Following the sale, the insider owned 63,106 shares in the company, valued at $7,246,461.98. The trade was a 0.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,532 shares of company stock worth $591,054 over the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Synaptics

Hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC increased its holdings in Synaptics by 119.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 349 shares of the software maker’s stock worth $26,000 after acquiring an additional 190 shares during the period. Leonteq Securities AG bought a new stake in Synaptics during the 4th quarter worth approximately $43,000. Optiver Holding B.V. increased its holdings in Synaptics by 40.2% during the 3rd quarter. Optiver Holding B.V. now owns 593 shares of the software maker’s stock worth $41,000 after acquiring an additional 170 shares during the period. Hantz Financial Services Inc. increased its holdings in Synaptics by 143.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 595 shares of the software maker’s stock worth $41,000 after acquiring an additional 351 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in Synaptics during the 2nd quarter worth approximately $54,000. Institutional investors own 99.43% of the company’s stock.

About Synaptics

(Get Free Report)

Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.

Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.

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