Synaptics (NASDAQ:SYNA) Earns Outperform Rating from Analysts at Northland Securities

Northland Securities began coverage on shares of Synaptics (NASDAQ:SYNA) in a report released on Tuesday, Marketbeat.com reports. The firm issued an outperform rating and a $85.00 target price on the software maker’s stock.

Several other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Synaptics in a research report on Thursday, September 11th. They issued a “buy” rating and a $85.00 target price for the company. Barclays assumed coverage on Synaptics in a research report on Monday, August 18th. They issued an “overweight” rating and a $78.00 target price for the company. TD Cowen upped their price target on Synaptics from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Wall Street Zen raised shares of Synaptics from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Zacks Research raised shares of Synaptics from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Synaptics presently has an average rating of “Moderate Buy” and an average target price of $87.88.

Synaptics Stock Performance

Shares of SYNA opened at $75.94 on Tuesday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of -65.46, a PEG ratio of 3.18 and a beta of 1.76. The company has a quick ratio of 2.31, a current ratio of 2.86 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $68.08 and its two-hundred day moving average is $66.89. Synaptics has a 52-week low of $41.80 and a 52-week high of $89.81.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, November 6th. The software maker reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $292.50 million during the quarter, compared to the consensus estimate of $289.93 million. Synaptics had a negative net margin of 4.08% and a positive return on equity of 4.35%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 earnings per share. Synaptics has set its Q2 2026 guidance at 1.000-1.300 EPS. Analysts forecast that Synaptics will post 0.96 EPS for the current fiscal year.

Synaptics announced that its board has initiated a share repurchase plan on Thursday, August 7th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the software maker to repurchase up to 6.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Synaptics

A number of large investors have recently modified their holdings of the company. CIBC Bancorp USA Inc. bought a new stake in Synaptics in the 3rd quarter valued at about $280,000. Dark Forest Capital Management LP increased its stake in shares of Synaptics by 66.6% in the third quarter. Dark Forest Capital Management LP now owns 89,338 shares of the software maker’s stock valued at $6,105,000 after purchasing an additional 35,705 shares during the period. XTX Topco Ltd bought a new stake in shares of Synaptics during the third quarter valued at approximately $700,000. Qube Research & Technologies Ltd bought a new stake in shares of Synaptics during the third quarter valued at approximately $1,686,000. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Synaptics by 22.5% during the third quarter. Mercer Global Advisors Inc. ADV now owns 4,260 shares of the software maker’s stock worth $291,000 after buying an additional 783 shares during the period. Institutional investors and hedge funds 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.