Synaptics (SYNA) Stock Price, News & Analysis

Company Overview

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. It also provides Natural ID, a fingerprint ID product that is used in notebook personal computers (PCs), PC peripherals, automobiles, and other applications; TouchPad, a touch-sensitive pad that senses the position and movement of one or more fingers on its surface; SecurePad that integrates fingerprint sensor directly into the TouchPad area; ClickPad that offers a clickable mechanical design; and ForcePad. In addition, the company offers ClearPad, which enables users to interact directly with the display on mobile smartphones, tablets, and automobiles; ClearView products that provide advanced image processing and low power technology for displays on smartphones and tablets; and TouchView products, a touch controller and display driver integration product. Further, it provides TouchPad with a pointing stick in a single notebook computer enabling users to select their interface of choice; TouchStyk, a self-contained pointing stick module; ultra-low power edge artificial intelligence platform for battery powered wireless devices; wireless connectivity solutions comprising Wi-Fi, Bluetooth, global positioning system, global navigation satellite system, and ULE; and voice over IP and digital enhanced cordless telecommunications solutions. The company sells its products through direct sales, outside sales representatives, distributors, and resellers to mobile and PC OEMs; IoT OEMs; and automotive and consumer electronics manufacturers. The company was incorporated in 1986 and is headquartered in San Jose, California.

Key Stats

• Today's Range: $72.61 to $74.63
• 50-Day Range: $70.66 to $81.42
• 52-Week Range: $67.83 to $121.37
• Volume: 202,820 shs
• Average Volume: 308,599 shs
• Market Capitalization: $2.90 billion
• P/E Ratio: 23.45
• Dividend Yield: N/A
• Price Target: $105.44
• Consensus Rating: Moderate Buy

Synaptics Stock Analysis - MarketRank™

Synaptics scored higher than 78% of companies evaluated by MarketBeat, and ranked 215th out of 658 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Synaptics has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 6 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Synaptics has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Synaptics is 23.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.47.

Price to Earnings Ratio vs. Sector

The P/E ratio of Synaptics is 23.45, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 262.35.

Price to Book Value per Share Ratio

Synaptics has a P/B Ratio of 1.96. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.39% of the outstanding shares of Synaptics have been sold short.

Short Interest Ratio / Days to Cover

Synaptics has a short interest ratio ("days to cover") of 8.6.

Change versus previous month

Short interest in Synaptics has recently decreased by 3.59%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Synaptics does not currently pay a dividend.

Dividend Growth

Synaptics does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.39% of the outstanding shares of Synaptics have been sold short.

Short Interest Ratio / Days to Cover

Synaptics has a short interest ratio ("days to cover") of 8.6.

Change versus previous month

Short interest in Synaptics has recently decreased by 3.59%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.78

News Sentiment

Synaptics has a news sentiment score of 0.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Synaptics this week, compared to 5 articles on an average week.

Search Interest

Only 4 people have searched for SYNA on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

4 people have added Synaptics to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Synaptics insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $448,720.00 in company stock.

Percentage Held by Insiders

Only 1.30% of the stock of Synaptics is held by insiders.

Percentage Held by Institutions

99.43% of the stock of Synaptics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SYNA Stock Analysis - Frequently Asked Questions

How have SYNA shares performed this year?

Synaptics' stock was trading at $114.08 at the start of the year. Since then, SYNA shares have decreased by 36.3% and is now trading at $72.70.
View the best growth stocks for 2024 here.

How were Synaptics' earnings last quarter?

Synaptics Incorporated (NASDAQ:SYNA) announced its quarterly earnings data on Thursday, August, 8th. The software maker reported $0.64 EPS for the quarter, beating the consensus estimate of $0.55 by $0.09. Synaptics's revenue for the quarter was up 8.8% on a year-over-year basis.

Is Synaptics doing a stock buyback?

Synaptics' Board of Directors initiated a share buyback plan on Wednesday, May 3rd 2023, which authorizes the company to repurchase $500,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 14.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Does Synaptics have any subsidiaries?

The following companies are subsidiaries of Synaptics: Conexant Systems, Marvell Technology - Multimedia Solutions Business, Validity Sensors, Synaptics Holding GmbH, Synaptics Hong Kong Limited, Synaptics Japan GK, and Synaptics LLC.

Who are Synaptics' major shareholders?

Synaptics' top institutional investors include Cardinal Capital Management (0.07%), Profit Investment Management LLC (0.06%), Handelsbanken Fonder AB (0.03%) and SG Americas Securities LLC (0.03%). Insiders that own company stock include Michael E Hurlston, Vikram Gupta, Saleel Awsare, Kermit Nolan, Dean Warren Butler, John Mcfarland, Kiva A Allgood, Jeffrey D Buchanan and James L Whims.
View institutional ownership trends.

How do I buy shares of Synaptics?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of Synaptics own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Synaptics investors own include NVIDIA (NVDA), Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 11/14/2024
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Computer Storage & Peripherals
• Current Symbol: NASDAQ:SYNA
• CUSIP: 87157D10
• CIK: 817720
• Web: www.synaptics.com
• Phone: (408) 904-1100
• Fax: 408-904-1110
• Employees: 1,716
• Year Founded: 1986

Price Target and Rating

• Average Stock Price Target: $105.44
• High Stock Price Target: $135.00
• Low Stock Price Target: $80.00
• Potential Upside/Downside: +45.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.10
• Trailing P/E Ratio: 23.45
• Forward P/E Ratio: 89.75
• P/E Growth: N/A
• Net Income: $125.60 million
• Net Margins: 13.09%
• Pretax Margin: -12.99%
• Return on Equity: -0.54%
• Return on Assets: -0.26%

Debt

• Debt-to-Equity Ratio: 0.66
• Current Ratio: 4.19
• Quick Ratio: 3.78

Sales & Book Value

• Annual Sales: $959.40 million
• Price / Sales: 3.02
• Cash Flow: $2.59 per share
• Price / Cash Flow: 28.09
• Book Value: $37.13 per share
• Price / Book: 1.96

Miscellaneous

• Outstanding Shares: 39,920,000
• Free Float: 39,402,000
• Market Cap: $2.90 billion
• Optionable: Optionable
• Beta: 1.46