Rosenblatt Downgrades Synaptics to Hold, Sets $160 Target
Rosenblatt analyst Kevin Cassidy lowered Synaptics' rating to hold with a $160 price target, a 36.31% upside from the current price.
Key Points
- Rosenblatt analyst Kevin Cassidy downgraded Synaptics to a hold on June 26, 2026, setting a price target of $160.
- Rosenblatt's $160 price target implies 36.31% upside from Synaptics Incorporated's ($SYNA) current $117.38 share price.
- Shares of Synaptics traded at $125.62 on Friday, with a market cap around $4.85 billion and a forward P/E of 23.82.
- Recent insider transactions showed planned sales by senior executives, while analysts have mixed ratings with a consensus price target of $129.64.
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Rosenblatt analyst Kevin Cassidy has lowered his rating on Synaptics Incorporated (NasdaqGS: SYNA) to hold, setting a price target of $160. This change was announced on June 26, 2026. Shares of Synaptics were trading near $125.62 on Friday.
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Synaptics Incorporated Stock Up 23.5%
Shares of Synaptics Incorporated traded at $125.62 on Friday. The company, which operates in the semiconductor industry, has a market cap of approximately $4.85 billion. Synaptics has a forward P/E ratio of 23.82 and a beta of 1.964. The stock's 52-week range is between $58.28 and $149.11, with a 50-day moving average of $119.36 and a 200-day moving average of $86.08. The company's financial health is supported by a current ratio of 3.04 and a quick ratio of 2.28, though it carries a debt-to-equity ratio of 64.72.
$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, showing a growth rate of 10.4%. However, the company experienced a net margin of -4.1% and a return on equity of -3.5%, indicating challenges in profitability. The next earnings report is expected on May 7, 2026.
Insider Buying and Selling at Synaptics Incorporated
Recent insider activity at Synaptics included several planned sales by senior executives. On June 18, 2026, Lisa Bodensteiner, Senior Vice President and Chief Legal Officer, sold 334 shares at an average price of $138.28 under a planned sale. Similarly, Esther Song, Vice President and Corporate Controller, sold 126 shares on the same day. Earlier, on June 17, 2026, Bodensteiner sold 783 shares at $133.53, and Song sold 138 shares at the same price, both outside of planned sales. Additionally, Satish Ganesan, Senior Vice President, sold 147 shares on June 17, 2026.
Analysts Set New Price Targets
Rosenblatt's recent downgrade to a hold rating comes with a $160 price target. On the same day, Susquehanna also downgraded the stock to a hold, setting a target of $140. On June 9, 2026, Wells Fargo maintained its buy rating with a target of $155. The consensus among analysts is a hold rating with an average price target of $129.64, based on 11 opinions.
About Synaptics Incorporated
Synaptics Incorporated, based in San Jose, California, designs and sells semiconductor products globally. The company's offerings include touch, display, biometrics, audio, and wireless products used in mobile devices, personal computers, smart home, and automotive applications. Led by CEO Rahul G. Patel, Synaptics employs around 1,700 people and focuses on providing innovative solutions across various technology sectors.
Bottom Line
Rosenblatt's downgrade of Synaptics to a hold rating reflects a cautious outlook, with a new price target set at $160. Investors keep a close watch on such analyst actions, as they can influence market perceptions. It's important to note that these ratings are based on past data and may not reflect the company's current situation.
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