Barclays Downgrades Synaptics to Hold, Sets $135 Target
Barclays analyst Tom O'Malley lowered the rating on Synaptics to 'hold' with a $135 target, a 8.67% upside from the current price.
Key Points
- On June 29, 2026, Barclays analyst Tom O'Malley downgraded Synaptics Incorporated (SYNA) to a 'hold' rating with a price target of $135.
- Barclays's $135 price target implies 8.67% upside from Synaptics Incorporated's ($SYNA) current $124.23 share price.
- Shares of Synaptics traded around $121 on Monday, within a 52-week range of $58.28 to $149.11, and the company has a market cap of about $4.73 billion.
- Other analysts have mixed views, with Deutsche Bank also downgrading to hold, while Wells Fargo maintained a buy with a $160 target.
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Barclays analyst Tom O'Malley has downgraded Synaptics Incorporated (NasdaqGS: SYNA) to a 'hold' rating, setting a price target of $135. The downgrade was announced on June 29, 2026. This shift in rating comes as Synaptics shares traded at about $121 on Monday.
Barclays vs. the S&P 500
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Synaptics Incorporated Stock Up 28.4%
Shares of Synaptics Incorporated were trading around $121 on Monday. The company, which operates in the semiconductor industry, boasts a market capitalization of approximately $4.73 billion. Synaptics has a forward P/E ratio of 22.95 and a beta of 1.964, suggesting higher volatility than the broader market. The stock's 52-week range has been between $58.28 and $149.11, with a 50-day moving average of $120.22 and a 200-day moving average of $86.34.
$SYNA price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Analysts Set New Price Targets
On June 29, 2026, both Barclays and Deutsche Bank downgraded Synaptics to a 'hold' rating, with Barclays setting a $135 price target. Earlier, on June 26, Wells Fargo maintained a 'buy' rating with a $160 target, while Rosenblatt also downgraded to 'hold' with a $160 target. The consensus among nine analysts is a 'hold' recommendation, with an average target price of $140.11.
Insider Buying and Selling at Synaptics Incorporated
Recent insider transactions at Synaptics include sales by several executives. On June 17, 2026, Lisa Bodensteiner, Senior Vice President and Chief Legal Officer, sold 783 shares at $133.53, and Esther Song, Vice President and Corporate Controller, sold 138 shares at the same price. These transactions were not part of a pre-planned trading program. Additionally, on May 28, Esther Song executed a planned sale of 8,833 shares at $141.17.
Other Institutional Activity in Synaptics
Several institutional investors have recently adjusted their positions in Synaptics. Ameriprise Financial Inc. increased its holdings by 526,461 shares, bringing its total to 7,547,699 shares valued at approximately $528.6 million, a 7.5% increase. BlackRock, Inc. trimmed its position by 447,821 shares, now holding 4,895,581 shares worth about $342.9 million, an 8.4% decrease. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, acquiring 2,663,664 and 1,681,508 shares, respectively. State Street Corp also increased its stake by 100,142 shares, now holding 2,085,833 shares valued at $146.1 million, a 5% increase.
About Synaptics Incorporated
Synaptics Incorporated, headquartered in San Jose, California, develops and markets semiconductor products globally. The company specializes in touch, display, biometrics, and audio solutions for various applications including mobile, PC, smart home, and automotive industries. Led by CEO Rahul G. Patel, Synaptics employs about 1,700 people and offers a wide range of products, from human interface solutions to advanced AI tools and connectivity technologies.
Bottom Line
Barclays' downgrade of Synaptics to 'hold' reflects a cautious outlook amid mixed analyst opinions. Investors follow these ratings closely, although they are backward-looking and may not reflect current market conditions. With Synaptics trading within its 52-week range, the semiconductor firm continues to navigate a competitive industry landscape.
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