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).

Synaptics Inc (SYNA) is currently priced at $117.18, which is below the analyst price target of $123, indicating potential for upside. However, the company has reported a significant net loss of $447.4 million in its latest quarter, which raises concerns about its financial health. The RSI is at 59.59, suggesting that the stock is nearing overbought territory, while the forward P/E ratio is 18.35, indicating that the stock may be overvalued relative to its earnings potential. Given these factors, it may be prudent to hold rather than buy at this time, especially with insider selling increasing by 4033.11% over the last month, which could signal a lack of confidence among insiders.

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