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↓Deteriorating
- Four Quarter Earnings Beat Record→Stable
- +1 more pillar — see the Why tab for full reasoning
Synaptics Incorporated (SYNA) Stock Analysis
Range Bound setup
Technology · Semiconductors
Sell if holding. Engine safety override at $95.06: Quality below floor (2.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.1/10 and A.R:R 2.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 11%; Below-average business quality; Negative price momentum.
Synaptics designs fabless semiconductor solutions for edge AI, wireless connectivity, and human interface technologies — touch, display, biometrics, and audio/voice processing — sold to mobile, PC, IoT, industrial, and automotive OEMs worldwide through its Astra AI processor and... Read more
Sell if holding. Engine safety override at $95.06: Quality below floor (2.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.1/10 and A.R:R 2.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 11%; Below-average business quality; Negative price momentum. Chart setup: RSI 52 mid-range, Bollinger mid-band. Score 5.1/10, moderate confidence.
Passes 7/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 52d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: aggressive.
About Synaptics Incorporated
About Synaptics Incorporated
Synaptics operates a fabless semiconductor model, designing chips in-house and outsourcing wafer fabrication and assembly to third-party foundries and contract manufacturers that are predominately Asia-based. The company derives a significant portion of its revenue from a concentrated base of large OEM and ODM customers across its three target markets — Core IoT, Enterprise and Automotive, and Mobile — built around its Astra AI processor and Veros wireless product families, employing approximately 1,700 people, 69% of them in Asia Pacific.
Synaptics sells semiconductor solutions to OEMs through their contract manufacturers, supply chain partners, or distributors, treating both the OEMs and those intermediaries as customers; design wins typically follow lengthy, competitive bid selection processes, and once a customer designs a competitor's product into a platform, switching back becomes costly and time-consuming for years, particularly in automotive. The company's fabless strategy defers most manufacturing costs until products ship, but leaves Synaptics dependent on third-party wafer foundries and packaging/test processors, mostly in Asia, without long-term capacity guarantees beyond six-month rolling forecasts. In January 2025, Synaptics acquired Wi-Fi technology assets and licenses from Broadcom to accelerate its Edge AI and IoT wireless roadmap, adding Wi-Fi 7 and Wi-Fi 8 combo, UWB, and GPS/GNSS products. As of June 2025, the company held 2,516 active patents and 566 pending applications covering touch sensing, biometrics, display drivers, and edge computing.
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Synaptics' 10-K dates a specific escalation in trade-policy risk: on August 6, 2025, the U.S. government proposed a 100% tariff on imported semiconductors and chips, with possible exemptions for companies investing in U.S. manufacturing, layered on top of reciprocal tariffs the U.S. and trading partners announced earlier in 2025. Because the company relies on global foundry partners, many based in Asia, for a significant portion of its silicon, and many of its OEM and ODM customers sell into China, a fully implemented semiconductor tariff would raise Synaptics' component costs at the same time it pressures the competitiveness of its customers' China-bound end products — a double-sided exposure the filing treats as still evolving rather than resolved.
See also: Technology · Semiconductors
From Synaptics Incorporated's most recent 10-K filing, extracted September 6, 2026.
Recent developments
updated 2026-09-14Recent Developments — Synaptics Incorporated
Latest news
- NEWS Qnity Hires Former Synaptics CFO Ken Rizvi — benzinga Aug 21, 2026 neutral
- NEWS Synaptics CFO Resigns, Company Skips Successor Search Before Merger — benzinga Aug 21, 2026 negative
- NEWS Synaptics CFO Ken Rizvi Resigns, Effective Immediately — benzinga Aug 21, 2026 negative
- NEWS FTC Grants Early Termination Of HSR Waiting Period For On Semiconductor And Synaptics Merger — benzinga Aug 13, 2026 positive
- NEWS Wells Fargo Maintains Overweight on Synaptics, Lowers Price Target to $140 — benzinga Aug 7, 2026 positive
Generated 2026-09-14T21:52:02Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
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Rating Breakdown
3 floor-breakers
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Unprofitable operations — net margin -41.0%. Quality floor flags this regardless of sector context.static
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $95.06: Quality below floor (2.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.1/10 and A.R:R 2.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 11%; Below-average business quality; Negative price momentum. Chart setup: RSI 52 mid-range, Bollinger mid-band. Prior stop was $88.41. Score 5.1/10, moderate confidence.
Take-profit target: $113.39 (+19.3% upside). Prior stop was $88.41. Stop-loss: $88.41.
Quality below floor (2.8 < 4.0).
Synaptics Incorporated trades at a P/E of N/A (forward 15.4). TrendMatrix value score: 6.7/10. Verdict: Sell.
19 analysts cover SYNA with a consensus score of 3.6/5. Average price target: $130.
What does Synaptics Incorporated do?Synaptics designs fabless semiconductor solutions for edge AI, wireless connectivity, and human interface technologies...
Synaptics designs fabless semiconductor solutions for edge AI, wireless connectivity, and human interface technologies — touch, display, biometrics, and audio/voice processing — sold to mobile, PC, IoT, industrial, and automotive OEMs worldwide through its Astra AI processor and Veros wireless product families. The company outsources manufacturing to third-party wafer foundries and contract manufacturers, mostly based in Asia, and derives a significant portion of revenue from a concentrated base of large OEM and ODM customers.