Synaptics (NASDAQ:SYNA) Hits New 1-Year High – Should You Buy?

Synaptics Incorporated (NASDAQ:SYNA) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $90.97 and last traded at $91.99, with a volume of 747199 shares. The stock had previously closed at $85.36.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SYNA shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a research report on Wednesday, October 8th. Northland Securities raised their target price on Synaptics from $85.00 to $106.00 and gave the company an “outperform” rating in a research report on Monday, December 29th. Wells Fargo & Company assumed coverage on Synaptics in a research report on Friday, December 19th. They set an “overweight” rating and a $95.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $85.00 price target on shares of Synaptics in a research note on Friday, November 7th. Finally, Northland Capmk upgraded Synaptics to a “strong-buy” rating in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.56.

Synaptics Trading Up 6.6%

The business’s fifty day simple moving average is $72.81 and its two-hundred day simple moving average is $69.90. The company has a market cap of $3.55 billion, a price-to-earnings ratio of -78.84, a PEG ratio of 3.54 and a beta of 1.71. The company has a quick ratio of 2.31, a current ratio of 2.86 and a debt-to-equity ratio of 0.60.

Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, November 6th. The software maker reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $292.50 million during the quarter, compared to analysts’ expectations of $289.93 million. Synaptics had a positive return on equity of 4.35% and a negative net margin of 4.08%.The business’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.81 EPS. Synaptics has set its Q2 2026 guidance at 1.000-1.300 EPS. On average, equities analysts predict that Synaptics Incorporated will post 0.96 EPS for the current year.

Insiders Place Their Bets

In other news, insider Vikram Gupta sold 694 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $75.00, for a total value of $52,050.00. Following the completion of the sale, the insider directly owned 100,082 shares of the company’s stock, valued at approximately $7,506,150. This represents a 0.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lisa Bodensteiner sold 7,182 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $78.68, for a total value of $565,079.76. Following the sale, the insider directly owned 75,542 shares of the company’s stock, valued at approximately $5,943,644.56. This represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 8,906 shares of company stock worth $698,177. 0.50% of the stock is currently owned by company insiders.

Institutional Trading of Synaptics

Several hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of Synaptics by 10.0% during the third quarter. Ameriprise Financial Inc. now owns 6,529,713 shares of the software maker’s stock worth $446,241,000 after acquiring an additional 594,235 shares during the period. Norges Bank purchased a new stake in Synaptics in the 2nd quarter valued at approximately $25,876,000. AQR Capital Management LLC increased its position in Synaptics by 186.2% during the 2nd quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock worth $28,744,000 after purchasing an additional 288,523 shares during the period. JPMorgan Chase & Co. increased its position in Synaptics by 51.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 544,973 shares of the software maker’s stock worth $37,243,000 after purchasing an additional 184,303 shares during the period. Finally, Squarepoint Ops LLC raised its stake in shares of Synaptics by 376.6% during the 2nd quarter. Squarepoint Ops LLC now owns 198,269 shares of the software maker’s stock worth $12,852,000 after buying an additional 156,671 shares in the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Synaptics Company Profile

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.