Synaptics (SYNA) Stock Price, News & Analysis

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Synaptics in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SYNA shares.
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12 analysts have issued 12-month price objectives for Synaptics' stock. Their SYNA share price targets range from $80.00 to $195.00. On average, they expect the company's stock price to reach $118.75 in the next year. This suggests a possible upside of 4.1% from the stock's current price.
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Synaptics' stock was trading at $95.16 at the beginning of the year. Since then, SYNA stock has increased by 19.9% and is now trading at $114.08.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
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Synaptics Incorporated (NASDAQ:SYNA) released its earnings results on Thursday, November, 9th. The software maker reported $0.52 EPS for the quarter, topping the consensus estimate of $0.38 by $0.14. The software maker had revenue of $237.70 million for the quarter, compared to analyst estimates of $230.43 million. Synaptics had a positive trailing twelve-month return on equity of 7.24% and a negative net margin of 4.07%. Synaptics's revenue for the quarter was down 47.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.89 earnings per share.

ETFs with the largest weight of Synaptics (NASDAQ:SYNA) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), Columbia Seligman Semiconductor & Technology ETF (SEMI), Fidelity Metaverse ETF (FMET), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), Pacer US Export Leaders ETF (PEXL), Syntax Stratified MidCap ETF (SMDY), iShares Semiconductor ETF (SOXX) and Direxion Daily Semiconductor Bull 3X Shares (SOXL).

Synaptics declared that its board has authorized a share repurchase plan on Wednesday, May 3rd 2023, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 14.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Synaptics updated its second quarter 2024 earnings guidance on Monday, December, 11th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $220.0 million-$250.0 million, compared to the consensus revenue estimate of $239.8 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 Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), QUALCOMM (QCOM), Micron Technology (MU), NVIDIA (NVDA), Chipotle Mexican Grill (CMG), Alibaba Group (BABA), Endologix (ELGX), Intel (INTC) and Pfizer (PFE).

Shares of SYNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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