Synaptics (SYNA) Stock Forecast, Price & News

12 Wall Street 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 analysts is that investors should "moderate buy" SYNA shares.
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12 analysts have issued 1 year price objectives for Synaptics' stock. Their SYNA share price forecasts range from $80.00 to $195.00. On average, they predict the company's share price to reach $112.08 in the next year. This suggests a possible upside of 25.7% from the stock's current price.
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Synaptics' stock was trading at $95.16 on January 1st, 2023. Since then, SYNA stock has decreased by 6.3% and is now trading at $89.20.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Synaptics Incorporated (NASDAQ:SYNA) posted its quarterly earnings results on Thursday, August, 3rd. The software maker reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.22. The software maker earned $227.30 million during the quarter, compared to the consensus estimate of $224.34 million. Synaptics had a trailing twelve-month return on equity of 17.11% and a net margin of 5.43%. Synaptics's revenue for the quarter was down 52.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.21 EPS.

ETFs with the largest weight of Synaptics (NASDAQ:SYNA) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), Columbia Seligman Semiconductor and 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 Semiconductors Bull 3x Shares (SOXL).

Synaptics declared that its board has authorized a stock buyback program on Wednesday, May 3rd 2023, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 14.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Synaptics updated its first quarter 2024 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $215.00 million-$245.00 million, compared to the consensus revenue estimate of $238.98 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 CA (CA), BlackRock (BLK), QUALCOMM (QCOM), Micron Technology (MU), NVIDIA (NVDA), Chipotle Mexican Grill (CMG), Alibaba Group (BABA), Endologix (ELGX), Intel (INTC) and Pfizer (PFE).

Synaptics trades on the NASDAQ under the ticker symbol "SYNA."

Synaptics' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.48%), Trigran Investments Inc. (3.48%), Bank of New York Mellon Corp (2.61%), Fisher Asset Management LLC (2.52%), Dimensional Fund Advisors LP (2.30%) and Geode Capital Management LLC (2.09%). Insiders that own company stock include Ares Management Llc, Dean Warren Butler, James L Whims, Jeffrey D Buchanan, Jeffrey D Buchanan, John Mcfarland, Kermit Nolan, Kiva A Allgood, Kiva A Allgood, Michael E Hurlston, Nelson C Chan, Saleel Awsare and Susan J Hardman.
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Shares of SYNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SYNA stock can currently be purchased for approximately $89.20.

Synaptics (NASDAQ:SYNA) has a market capitalization of $3.52 billion and generates $1.36 billion in revenue each year. The software maker earns $73.60 million in net income (profit) each year or $1.81 on an earnings per share basis.

The company employs 1,775 workers across the globe.

Synaptics' mailing address is 1251 MCKAY DRIVE, SAN JOSE CA, 95131. The official website for the company is www.synaptics.com. The software maker can be reached via phone at (408) 904-1100, via email at ir@synaptics.com, or via fax at 408-904-1110.