Synaptics Stock: Analyst Ratings and Price Target Adjustments

Expert Ratings For Synaptics - Synaptics (NASDAQ:SYNA)

In the latest quarter, 4 analysts provided ratings for Synaptics SYNA, showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 1 0 0 Last 30D 2 1 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $91.25, with a high estimate of $100.00 and a low estimate of $80.00. Highlighting a 17.98% decrease, the current average has fallen from the previous average price target of $111.25. Understanding Analyst Ratings: A Comprehensive Breakdown A clear picture of Synaptics's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Krish Sankar TD Cowen Lowers Buy $90.00 $115.00 Anthony Stoss Craig-Hallum Lowers Hold $80.00 $105.00 Quinn Bolton Needham Lowers Buy $95.00 $110.00 John Vinh Keybanc Lowers Overweight $100.00 $115.00 Key Insights: Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Synaptics. This information provides a snapshot of how analysts perceive the current state of the company. Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Synaptics compared to the broader market. Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Synaptics's future value. Comparing current and prior targets offers insights into analysts' evolving expectations. Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Synaptics's market standing. Stay informed and make data-driven decisions with our Ratings Table. Stay up to date on Synaptics analyst ratings. Delving into Synaptics's Background Synaptics Inc is a global producer of semiconductor solutions for the mobile, PC, and Internet of Things markets. The company develops human interface solutions that enable touch, display, fingerprint, video, audio, voice, AI, and connectivity functions for smartphones, PCs, Internet of Things products, and other electronic devices. Geographically, it derives a majority of revenue from China. The company operates in one segment: the development, marketing, and sale of semiconductor products used in electronic devices and products. Breaking Down Synaptics's Financial Performance Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity. Negative Revenue Trend: Examining Synaptics's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -27.34% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector. Net Margin: Synaptics's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -7.63%, the company may encounter challenges in effective cost control. Return on Equity (ROE): Synaptics's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -1.47%, the company may face hurdles in generating optimal returns for shareholders. Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.71%, the company may need to address challenges in generating satisfactory returns from its assets. Debt Management: Synaptics's debt-to-equity ratio stands notably higher than the industry average, reaching 0.83. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage. The Basics of Analyst Ratings Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors. If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro. This article was generated by Benzinga's automated content engine and reviewed by an editor. Market News and Data brought to you by Benzinga APIs

Synaptics stock target cut by Needham, maintains Buy rating By Investing.com

On Friday, Synaptics (NASDAQ:SYNA) Incorporated (NASDAQ:SYNA), a leading developer of human interface solutions, received a revised price target from Needham, a financial services firm. The price target for Synaptics shares has been lowered to $95.00 from the previous $110.00, while the Buy rating on the stock remains unchanged. The adjustment follows Synaptics' recent financial report, which highlighted a strong performance but provided a mixed outlook for the future. Synaptics reported earnings that surpassed expectations, but the company's guidance reflects continued subdued spending in enterprise IT. Needham has reduced its forward estimates for Synaptics, noting that the company has not yet observed signs of an anticipated enterprise refresh cycle, even though inventory levels have nearly normalized. Despite this, growth in enterprise is expected to be steady, with the bottoming out of the Video Interface (NASDAQ:TILE) market and potential boosts from an AI PC refresh cycle and connectivity opportunities in non-Qualcomm ARM PCs. The core Internet of Things (IoT) segment is still predicted to be the primary driver of growth for Synaptics. The company has successfully taped out its first broad market Microcontroller Unit (MCU), with revenue expected in the first half of 2026. Additionally, the Astra project is on schedule to generate revenue in the second half of 2026, and the development of the first Wi-Fi 7 device is progressing ahead of schedule, with samples to be distributed this quarter. Synaptics reported a growth in its Q4 fiscal year 2024, with revenues reaching $247.4 million, a 9% increase year-over-year (YoY), and a 4% rise sequentially. The non-GAAP net income for the quarter stood at $25.6 million, reflecting a 22% increase from the previous quarter and a 31% increase YoY. The company's first-quarter revenues for 2025 are anticipated to be around $255 million with a non-GAAP gross margin of 53.5%. The company's core IoT products experienced substantial growth, particularly in wireless. Furthermore, Synaptics resolved most of their inventory issues from the past six quarters. Revenue contributions for Q4 from Core IoT, Enterprise & Automotive, and Mobile products were 22%, 58%, and 20%, respectively.