Synaptics Inc (SYNA) Stock AnalysisSYNASynaptics Inc

Synaptics Incorporated is a developer and fabless supplier of mixed signal semiconductor solutions that enable people to engage with connected devices and data, and create experiences throughout the home, at work, in the car and on the go. The Company's product categories include core Internet of things (IoT), enterprise and automotive, and mobile. Its core IoT includes products for Wireless and Processor Solutions. Its enterprise and automotive products include products for personal computer (PC) touchpads, PC fingerprints, video interface solutions and automotive solutions. Its Mobile product includes products for touch and display solutions for mobile phone applications. The Company supplies connectivity, sensors and artificial intelligence (AI)-enhanced processor solutions to original equipment manufacturers (OEMs) that design IoT products and devices for automobiles, enterprise workspace devices, virtual reality, smartphones, tablets and notebook computers. It operates in the Technology sector (SEMICONDUCTORS & RELATED DEVICES industry).

Currently, Synaptics Inc (SYNA) is not a strong buy. The stock is trading at $95.08, with a low RSI of 33.458 indicating it is oversold. Despite a year-to-date change of +25.53%, the recent insider selling, including the CEO selling shares at an average price of $109.91, raises concerns about confidence in the stock's near-term performance. Additionally, the forward P/E ratio is 17.8571, which suggests that the stock may be overvalued compared to its earnings potential, especially given the recent downgrades from multiple analysts.

15 analysts cover SYNA: 7 rate it Buy, 6 Hold and 2 Sell. The average price target is 89.22.