Deutsche Bank Downgrades Synaptics to Hold
Deutsche Bank has lowered its rating on Synaptics to Hold, setting a $125 price target, a 0.62% upside from the current price.
Key Points
- Deutsche Bank downgraded Synaptics to a Hold rating on June 29, 2026, with a new price target of $125.
- Deutsche Bank's $125 price target implies 0.62% upside from Synaptics Incorporated's ($SYNA) current $124.23 share price.
- Synaptics shares traded around $121 on Monday, with a market cap of $4.73 billion and a forward P/E of 22.95.
- Insiders at Synaptics have been selling shares, with recent transactions involving key executives, mostly as planned sales.
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Deutsche Bank has adjusted its outlook on Synaptics Incorporated, trading on the NasdaqGS under the ticker SYNA. On June 29, 2026, the bank downgraded the stock from its previous rating, now advising a Hold with a target price of $125.
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What Changed in Deutsche Bank's Synaptics Position
Analyst Ross Seymore at Deutsche Bank issued the downgrade for Synaptics, setting a price target of $125. The previous target was not disclosed, but the Hold rating suggests a more cautious stance on the company's near-term prospects.
Other Institutional Activity in Synaptics
Institutional activity around Synaptics shows varied interest. Ameriprise Financial Inc increased its stake by 526,461 shares, holding a total of about 7.55 million shares valued at approximately $528.64 million, a 7.5% increase. BlackRock, Inc. reduced its position by 447,821 shares, ending with roughly 4.90 million shares worth $342.89 million, marking an 8.4% decrease. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, acquiring 2.66 million and 1.68 million shares respectively, valued at $186.56 million and $117.77 million. Meanwhile, State Street Corp added 100,142 shares, reaching a total of about 2.09 million shares worth $146.09 million, a 5% increase.
Synaptics Incorporated Stock Up 30.7%
Shares of NasdaqGS:SYNA traded near $121 on Monday. Synaptics has a market cap of $4.73 billion and a forward P/E ratio of 22.95. The stock's 52-week range is between $58.28 and $149.11. It has a 50-day moving average of $120.22 and a 200-day moving average of $86.34. The company's beta is 1.964, indicating higher volatility compared to the market. Synaptics maintains a current ratio of 3.044 and a quick ratio of 2.284, with a debt-to-equity ratio of 64.724.
$SYNA price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Synaptics reported revenue of $1.17 billion with a growth of 10.4%. However, it faced a net margin of -4.1% and a return on equity of -3.5%, indicating challenges in profitability. The company is expected to release its next earnings on August 6, 2026.
Insider Buying and Selling at Synaptics Incorporated
Recent insider activity at Synaptics includes planned sales. On June 18, 2026, Lisa Bodensteiner, Senior Vice President and Chief Legal Officer, sold 334 shares at $138.28 per share under a planned sale. Similarly, Esther Song, Vice President and Corporate Controller, sold 126 shares at the same price, also as a planned transaction. Earlier, on June 17, 2026, Bodensteiner sold 783 shares at $133.53, and Song sold 138 shares at the same price, both not under a planned sale.
Analysts Set New Price Targets
On June 29, 2026, Deutsche Bank downgraded Synaptics to Hold with a $125 price target. Barclays also downgraded the stock to Hold with a target of $135 on the same day. Wells Fargo maintained a Buy rating with a $160 target on June 26, while Rosenblatt and Susquehanna downgraded to Hold with targets of $160 and $140, respectively. The consensus among analysts is a Hold, with a mean target price of $140.11 across nine opinions.
About Synaptics Incorporated
Synaptics Incorporated, headquartered in San Jose, California, develops and sells semiconductor products globally. The company provides solutions for touch, display, biometrics, and more across various applications including mobile, PCs, and automotive. Led by CEO Rahul G. Patel, Synaptics employs about 1,700 people and operates in the technology sector, specifically within the semiconductor industry.
Bottom Line
Deutsche Bank's downgrade of Synaptics to a Hold reflects a more cautious outlook amid industry challenges. Investors will be closely watching the upcoming earnings release in August for further insights. As always, remember that these ratings are based on backward-looking data and might not reflect current conditions.
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