Wells Fargo Reiterates Buy Rating for Synaptics with $160 Target
Wells Fargo analyst Joe Quatrochi maintains a buy rating on Synaptics, setting a $160 price target, a 28.79% upside from the current price.
Key Points
- Wells Fargo analyst Joe Quatrochi reiterated a buy rating on Synaptics Incorporated (SYNA) with a $160 price target on June 26, 2026.
- Wells Fargo's $160 price target implies 28.79% upside from Synaptics Incorporated's ($SYNA) current $124.23 share price.
- Synaptics shares traded near $125.62 on Saturday and have a forward P/E ratio of 23.8, with a 52-week range of $58.28 to $149.11.
- Insiders, including senior executives, sold shares in June, while major funds like Ameriprise Financial and Vanguard opened or increased their positions.
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Wells Fargo analyst Joe Quatrochi has reiterated a buy rating for Synaptics Incorporated (NasdaqGS: SYNA) with a price target of $160. This announcement came on June 26, 2026, as the stock traded near $125.62. The analyst's action reflects continued confidence in Synaptics' growth potential.
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Synaptics Incorporated Stock Up 30.7%
Shares of Synaptics traded around $125.62 on Saturday. The company, which operates in the semiconductor industry, has a market cap of about $4.85 billion and a forward P/E ratio of 23.8. Synaptics exhibits a beta of 1.964, indicating higher volatility compared to the market. The stock's 52-week range spans from $58.28 to $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 3.044 and a quick ratio of 2.284.
$SYNA price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Synaptics Incorporated
Recent insider activity at Synaptics shows several executives selling shares. 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. Esther Song, Vice President and Corporate Controller, sold 126 shares on the same day at the same price, also as part of a planned transaction. Earlier, on June 17, both executives, along with Senior Vice President Satish Ganesan, sold additional shares at $133.53, but these were not under planned sales.
Analysts Set New Price Targets
On June 26, 2026, alongside Wells Fargo's reiteration, Rosenblatt and Susquehanna downgraded Synaptics to a hold rating, both setting a $160 and $140 price target, respectively. This mixed analyst sentiment reflects varying expectations for Synaptics' performance. Overall, the consensus among 11 analysts is a buy, with a mean target price of $129.64.
About Synaptics
Synaptics Incorporated, based in San Jose, California, is a technology company specializing in semiconductor products. It offers a wide range of products, including touch, display, biometrics, and voice solutions for various applications such as mobile devices, personal computers, and automotive systems. Led by CEO Rahul G. Patel, Synaptics employs about 1,700 people and is known for its innovative solutions in human interface technologies.
Bottom Line
Wells Fargo's reiterated buy rating with a $160 price target suggests confidence in Synaptics' future prospects. While insider sales might catch some attention, they are not uncommon and can be part of planned transactions. Investors should note that analyst ratings and targets offer insights but are not guarantees, and Synaptics' stock performance will depend on various market and company-specific factors.
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