Mizuho Reiterates Buy Rating on Synaptics with $170 Target
Mizuho maintains its bullish stance on Synaptics, setting a $170 price target, a 36.84% upside from the current price.
Key Points
- Mizuho reiterated its buy rating on Synaptics Incorporated (SYNA) with a price target of $170 on July 1, 2026.
- Mizuho's $170 price target implies 36.84% upside from Synaptics Incorporated's ($SYNA) current $124.23 share price.
- Shares of Synaptics traded near $124.23 on Wednesday, with a market cap of approximately $4.85 billion and a forward P/E ratio of 23.56.
- Recent insider activity includes planned sales by senior executives, and analysts have mixed ratings with some downgrades to hold.
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On July 1, 2026, Mizuho reiterated its buy rating on Synaptics Incorporated (NasdaqGS: SYNA), maintaining a price target of $170. This move underscores Mizuho's confidence in the company's prospects despite recent market fluctuations.
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Synaptics Incorporated Stock Up 30.7%
Shares of NasdaqGS:SYNA traded near $124.23 on Wednesday. Synaptics, which has a market capitalization of about $4.85 billion, trades with a forward P/E ratio of 23.56. The stock's 52-week range is between $58.28 and $149.11, reflecting significant volatility. Synaptics has a 50-day moving average of $120.99 and a 200-day moving average of $86.58, indicating a strong recent performance. The company maintains a healthy 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
In its recent earnings report, Synaptics posted revenue of $1.17 billion, showing a growth of 10.4% compared to the previous period. However, the company reported a net margin of -4.1% and a return on equity of -3.5%, indicating some profitability challenges. The next earnings release is scheduled for August 6, 2026.
Insider Buying and Selling at Synaptics Incorporated
Recent insider transactions at Synaptics include several planned sales. 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 Rule 10b5-1 plan. Similarly, Esther Song, Vice President and Corporate Controller, sold 126 shares at the same average price on the same day. Earlier, on June 17, 2026, both executives, along with Satish Ganesan, Senior Vice President and Chief Strategy Officer, conducted unplanned sales at an average price of $133.53.
Analysts Set New Price Targets
On July 1, 2026, Mizuho maintained its buy rating on Synaptics with a price target of $170. In contrast, Deutsche Bank and Barclays downgraded the stock to hold on June 29, 2026, with targets of $125 and $135, respectively. Wells Fargo, however, maintained its buy rating with a target of $160 on June 26, 2026. The consensus among nine analysts is a hold rating, with a mean target price of $140.67.
About Synaptics Incorporated
Synaptics Incorporated, headquartered in San Jose, California, is a technology company specializing in semiconductor products. It offers a wide range of solutions, including touch, display, biometrics, and multimedia products for various applications like mobile devices, personal computers, and automotive systems. Led by CEO Rahul G. Patel, Synaptics employs about 1,700 people and continues to innovate in the semiconductor industry.
Bottom Line
Mizuho's reiteration of a buy rating with a $170 target suggests confidence in Synaptics' future growth potential. Investors often look to analyst ratings for insight, though these are backward-looking and should be considered alongside other factors. Synaptics' recent insider sales and mixed analyst opinions highlight the need for careful consideration of its stock.
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