Skip to main content
SYNASynaptics IncorporatedSell5.3·$117.91
SellModerate Confidence
Investment thesis

Synaptics has maintained a perfect four-quarter earnings beat record and trades at a low price-to-sales multiple relative to semiconductor peers, but high short interest of 20% and a quality score just below the minimum threshold reflect real concerns about operating profitability and return metrics.

Thesis pillars

  • Quality Below Floor Concern→Stable
  • High Short Interest Signal↑Improving
  • Four Quarter Earnings Beat Record↓Deteriorating
  • +1 more pillar — see the Why tab for full reasoning

Pillars as of Jul 3, 2026, based on the 10-K filed Aug 10, 2026

Full reasoning →

Open full analysis

Synaptics Incorporated (SYNA) Stock Analysis

SellGrowthModerate Confidence

Technology · Semiconductors

Earnings in 6 days (2026-11-05). Expect elevated volatility around the report — consider waiting for post-earnings price action before new entries.

Sell if holding. Engine safety override at $117.91: Quality below floor (2.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.3/10. Specifically: Below-average business quality.

Synaptics is a fabless semiconductor company that designs Edge AI processors (Astra), wireless connectivity, touch, biometric, video and audio chips for OEMs in IoT, PC, automotive and mobile markets. It sells through OEMs' contract manufacturers, ODMs and distributors, relying... Read more

$117.91-4.6% A.UpsideScore 5.3/10#42 of 53 Semiconductors
QualityF-score5 / 9FCF yield3.20%
Stop $115.87Analyst target $112.52(reached)A.R:R -0.3:1
Analyst consensus$129.33+9.7%9 analysts
$117.91price
$129.33mean
$105
$170

Sell if holding. Engine safety override at $117.91: Quality below floor (2.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.3/10. Specifically: Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.3/10, moderate confidence.

Passes 4/8 gates (positive momentum, clean insider activity, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 6d<=7d. Suitability: aggressive.

10-K grounded · weekly refresh

About Synaptics Incorporated

About Synaptics Incorporated

Synaptics agreed on June 25, 2026 to merge into a subsidiary of ON Semiconductor, with each Synaptics share converting into 1.350 shares of onsemi common stock and closing expected in mid-2027. The San Jose fabless chip designer employed approximately 1,700 people in June 2026, 70% of them in Asia Pacific, and held 2,344 active patents and 661 pending applications worldwide.

Synaptics designs Edge AI processors under the Astra brand, wireless connectivity chips covering Wi-Fi, Bluetooth, Zigbee and Thread, touch controllers, Natural ID fingerprint sensors, and DisplayLink video interface products. It groups sales into Core IoT, Enterprise and Automotive, and Mobile applications markets. Products reach OEMs mostly through their contract manufacturers, ODMs, supply chain partners and distributors, which place purchase orders and take title on delivery. The company does not run its own fabrication, assembly or test facilities: third-party wafer manufacturers and package-and-test processors, predominantly Asia-based, build its silicon, and Synaptics gives contract manufacturers six-month rolling forecasts. In January 2025 it acquired non-exclusive Wi-Fi technology licenses and engineers from Broadcom to extend its wireless roadmap. The 10-K notes that average selling prices have historically declined and that long-term capacity agreements could create significant inventory write-downs if end-customer demand falls.

Show full overview

The pending merger shapes near-term risk. Synaptics would owe onsemi a $235.0 million termination fee under specified circumstances such as accepting a superior proposal, while onsemi would owe $320.0 million if regulatory approvals fail by the June 25, 2027 end date, which can be extended in three-month increments. Because the consideration is a fixed share count, the 10-K says the value to stockholders has fluctuated with onsemi's stock price. An August 2026 Form 8-K disclosed that Chief Financial Officer Ken Rizvi resigned and that the company would not search for a successor, with CEO Rahul Patel serving as principal financial officer through closing; in October 2026 the principal accounting officer also resigned.

See also: Technology · Semiconductors

From Synaptics Incorporated's most recent 10-K filing, extracted October 18, 2026.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-10-30

Recent Developments — Synaptics Incorporated

Material events (past 30 days)

  • 8K Oct 15, 2026 MEDIUM Item 5.02: VP, Corporate Controller and Principal Accounting Officer Esther Song resigned effective October 28, 2026 to pursue other opportunities; no disagreement cited. VP Finance Kermit Nolan appointed Principal Accounting Officer from that date.

Generated 2026-10-30T12:27:49Z.

TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Thu, Nov 5, 20266d to earnings· next earnings call

Thesis

Rewards
No bull case signals
Risks
Target reached (-4.6% upside)
Quality below floor (2.8 < 4.0)

Key Metrics

P/E (TTM)—
P/E (Fwd)17.9
Mkt Cap$4.7B
EV/EBITDA54.4
Profit Mgn-41.0%
ROE-42.2%
Rev Growth8.9%
Beta1.96
DividendNone
Rating analysts19

Quality Signals

Piotroski F5/9

Options Flow

P/C0.95neutral
IV33%normal
Max Pain$70-40.6% vs spot

Concentration Risks(10-K Item 1A)

  • MEDIUMSupplierfew sources of supply
    10-K Item 1: 'Our reliance on these parties exposes us to vulnerability owing to our dependence on a few sources of supply.'
  • MEDIUMGeographicAsia-based contract manufacturers and fabricators
    10-K Item 1: 'Our third-party contract manufacturers and semiconductor fabricators are predominantly Asia-based organizations.'

Material Events(8-K, last 90d)

  • 2026-10-15Item 5.02MEDIUM
    VP, Corporate Controller and Principal Accounting Officer Esther Song resigned effective October 28, 2026 to pursue other opportunities; no disagreement cited. VP Finance Kermit Nolan appointed Principal Accounting Officer from that date.
    SEC filing →
  • 2026-08-21Item 5.02HIGH
    CFO Ken Rizvi resigned effective immediately on August 20, 2026 for a new opportunity, advising through September 30; no disagreement cited. No successor search due to the pending onsemi merger; CEO Rahul Patel serves as principal financial officer through closing.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy

Show full disclosure ▾

About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.

Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.

No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.

No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.

Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

2 floor-breakers

Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static

Quality Rank
0.5
Growth Rank
1.5
Value Rank
7.3

Unprofitable operations — net margin -41.0%. Quality floor flags this regardless of sector context.static

Roe
0.0
Roa
0.0
Operating Margin
0.0
Net Margin
0.0
Current Ratio
4.4
Moat
4.4
Gross Margin
4.9
Piotroski F
5.6
Fcf Quality
6.0
FCF-positive but moderate margins (FCF margin 12%, FCF yield 3.2%)No competitive moatQuality concerns
GatesA.R:R -0.3=NEGATIVEEARNINGS PROXIMITY 6d<=7dMomentum 4.8<5.5 (soft — BUY_NOW allowed but watch)Executive change: officer departure/appointmentMomentum 4.8>=4.5Insider activity: OKSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Aggressive
RSI
35 · Neutral
↓ 20D MA↑ 50D MA↑ 200D MAGOLDEN CROSSSupport $116.85Resistance $121.98

Price Targets

A.Upside-4.6%
A.R:R-0.3:1

Position Sizing

ConvictionNone
Suggested %0%
Max %0%
RegimeSteady

Risk Alerts

! Target reached (-4.6% upside)
! Quality below floor (2.8 < 4.0)
! Negative risk/reward — downside exceeds upside

Earnings

B
B
B
B
4/4 beats
Next Earnings2026-11-05 (6d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is SYNA stock a buy right now?

Sell if holding. Engine safety override at $117.91: Quality below floor (2.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.3/10. Specifically: Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $115.87. Score 5.3/10, moderate confidence.

What is the SYNA stock price target?

Analyst target $112.52 reached (−4.6% from $117.91); no take-profit level is published. Prior stop was $115.87. Stop-loss: $115.87.

What are the risks of investing in SYNA?

Target reached (-4.6% upside); Quality below floor (2.8 < 4.0).

Is SYNA overvalued or undervalued?

Synaptics Incorporated trades at a P/E of N/A (forward 17.9). TrendMatrix value score: 7.2/10. Verdict: Sell.

What do analysts say about SYNA?

19 analysts cover SYNA with a consensus score of 3.6/5. Average price target: $129.

What does Synaptics Incorporated do?Synaptics is a fabless semiconductor company that designs Edge AI processors (Astra), wireless connectivity, touch,...

Synaptics is a fabless semiconductor company that designs Edge AI processors (Astra), wireless connectivity, touch, biometric, video and audio chips for OEMs in IoT, PC, automotive and mobile markets. It sells through OEMs' contract manufacturers, ODMs and distributors, relying on Asia-based third-party foundries. On June 25, 2026 it agreed to merge with onsemi at 1.350 onsemi shares per Synaptics share, with closing expected in mid-2027.

Related stocks: SIMO (Silicon Motion Technology Corpo) · CRUS (Cirrus Logic, Inc.) · CRDO (Credo Technology Group Holding ) · ALGM (Allegro MicroSystems, Inc.) · RMBS (Rambus, Inc.)
Home › Stocks › SYNA

Latest news

Latest News

Fiscal.ai55m agoProduct
Fiscal.ai10d agoProduct
Benzinga10d agoProduct
Fiscal.ai10d agoProduct
Benzinga17d agoMerger Acquisition
Benzinga28d ago
Benzinga28d ago
Benzinga28d agoMerger Acquisition
Benzinga28d ago
Benzinga28d ago
Benzinga28d agoMerger Acquisition
Benzinga28d ago
Benzinga28d agoAnalyst
Benzinga28d ago
Benzinga28d agoAnalyst
Benzinga28d ago
Benzinga28d ago
Benzinga28d ago
Benzinga28d ago
Benzinga28d agoMerger Acquisition
Loading more...