Synaptics Incorporated
- Open
- 95.70
- Day high
- 97.31
- Day low
- 94.26
- Prev close
- 95.17
- Volume
- 674K
- Mkt cap
- $3.8B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 4.0
- P/S
- 3.1
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$2.5M over the last 3 months (0 open-market buys, 22 sales)
- 🏛Institutions accumulating (13F)
Synaptics Incorporated (SYNA) is a Technology company listed on NASDAQ. The stock is up 42% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 22 sales (SEC Form 4). Drillr has 1 published research article covering SYNA.
Synaptics Incorporated (SYNA) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 7 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SYNA earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 6, 2026 | $1.21 | $1.23 | +1.4% | $308M | +0.7% |
| May 7, 2026 | $1.02 | $1.09 | +7.3% | $294M | +1.1% |
| Feb 5, 2026 | $1.16 | $1.21 | +4.8% | $303M | +3.9% |
| Nov 6, 2025 | $1.06 | $1.09 | +2.3% | $293M | -0.6% |
| Aug 7, 2025 | $1.00 | $1.01 | +1.0% | $283M | -1.1% |
| May 8, 2025 | $0.84 | $0.90 | +6.9% | $267M | -2.3% |
| Feb 6, 2025 | $0.85 | $0.92 | +8.4% | $267M | +6.6% |
| Nov 7, 2024 | $0.75 | $0.81 | +8.0% | $258M | +2.7% |
| Aug 8, 2024 | $0.55 | $0.64 | +16.4% | $247M | +3.3% |
| May 9, 2024 | $0.50 | $0.53 | +6.0% | $237M | +1.8% |
| Feb 8, 2024 | $0.47 | $0.57 | +22.3% | $237M | +1.0% |
| Nov 9, 2023 | $0.38 | $0.52 | +36.8% | $238M | +0.6% |
SYNA insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 26, 2026 | Gupta Vikramofficer: See Remarks | Sell | 2,300 | $94.06 |
| Aug 26, 2026 | Gupta Vikramofficer: See Remarks | Sell | 1,977 | $95.00 |
| Aug 19, 2026 | Bodensteiner Lisaofficer: See Remarks | Sell | 2,156 | $104.63 |
| Aug 19, 2026 | Song Estherofficer: See Remarks | Sell | 96 | $103.55 |
| Aug 19, 2026 | Ganesan Satishofficer: See Remarks | Tax | 15,954 | $110.58 |
| Aug 19, 2026 | Bodensteiner Lisaofficer: See Remarks | Grant | 28,545 | — |
| Aug 19, 2026 | Patel Rahul G.director, officer: See remarks below | Grant | 85,574 | — |
| Aug 19, 2026 | Song Estherofficer: See Remarks | Tax | 972 | $110.58 |
| Aug 19, 2026 | Rizvi Kenofficer: See Remarks | Grant | 31,720 | — |
| Aug 19, 2026 | Gupta Vikramofficer: See Remarks | Grant | 15,267 | — |
| Aug 19, 2026 | Patel Rahul G.director, officer: See remarks below | Sell | 2,276 | $105.39 |
| Aug 19, 2026 | Patel Rahul G.director, officer: See remarks below | Grant | 33,927 | — |
| Aug 19, 2026 | Gupta Vikramofficer: See Remarks | Sell | 1,633 | $102.77 |
| Aug 19, 2026 | Rizvi Kenofficer: See Remarks | Tax | 17,251 | $110.58 |
| Aug 19, 2026 | Song Estherofficer: See Remarks | Sell | 177 | $102.73 |
Source: SYNA SEC Form 4 filings, latest Aug 26, 2026. For informational purposes only — not investment advice.
See the full SYNA insider & 13F page →Synaptics Incorporated company profile
Overview
Synaptics Incorporated (NASDAQ:SYNA) is a San Jose-based semiconductor company founded in 1986 that develops and manufactures human interface solutions and connectivity technologies. Originally known for pioneering touchpad technology for laptops, the company has evolved into a diversified semiconductor provider serving multiple markets including Internet of Things (IoT), automotive, enterprise computing, and mobile devices. After going public in 2002, Synaptics has transformed from a PC-focused company into a broader technology solutions provider, particularly emphasizing wireless connectivity, artificial intelligence processors, and advanced touch interfaces across various end markets.
Business
Synaptics operates in the semiconductor industry, specifically focusing on human interface solutions and connectivity technologies. The company designs and manufactures integrated circuits (chips) that enable devices to sense, process, and respond to human input through touch, voice, and other interactions. The company operates through three main business segments: 1. Core IoT (Internet of Things) - representing approximately 25% of revenue - includes wireless connectivity solutions such as Wi-Fi, Bluetooth, GPS, and emerging technologies like Wi-Fi 7. This segment also encompasses the company's Astra platform, which provides edge artificial intelligence processing capabilities for battery-powered wireless devices. The IoT segment serves applications ranging from smart home devices to industrial automation systems. 2. Enterprise and Automotive - comprising roughly 58% of revenue - focuses on touch interfaces for laptop computers (TouchPad, ClickPad, ForcePad), automotive touch displays, and video interface products. The TouchPad technology enables users to control cursor movement on laptops through finger gestures, while automotive applications include TDDI (Touch and Display Driver Integration) solutions that combine touch sensing with display control in vehicle infotainment systems. 3. Mobile Products - accounting for about 17% of revenue - provides touch controllers for smartphones and tablets, particularly ClearPad technology that enables direct interaction with mobile device screens. The company also offers Natural ID fingerprint sensors and advanced touch solutions for foldable displays. The semiconductor industry involves designing complex integrated circuits that are manufactured by specialized foundries, then sold to original equipment manufacturers (OEMs) who integrate these chips into their final products like laptops, smartphones, cars, and IoT devices.
Revenue model
Synaptics generates revenue primarily through product sales of semiconductor chips to original equipment manufacturers (OEMs). The company operates a fabless semiconductor model, meaning it designs the chips but outsources manufacturing to specialized foundries, then sells the finished products to customers who integrate them into their devices. The company's customers include major technology manufacturers such as Samsung, various laptop OEMs, automotive manufacturers, and IoT device makers. Revenue is generated when these customers purchase Synaptics' chips for integration into their products like smartphones, laptops, cars, and smart home devices. Several factors influence the company's margins and profitability. Positive margin drivers include the company's focus on premium, high-performance products that command higher average selling prices, particularly in emerging technologies like Wi-Fi 7, AI processors, and automotive applications. The company's intellectual property portfolio and technical differentiation allow it to avoid pure commodity pricing. Additionally, the shift toward higher-value IoT and automotive markets provides better margin opportunities compared to traditional PC markets. Negative margin pressures come from the cyclical nature of semiconductor demand, inventory corrections in end markets, and competitive pricing dynamics. The company faces challenges from supply chain constraints, foundry cost increases, and the need for continuous R&D investment to maintain technological leadership. Market downturns in key segments like automotive or enterprise IT spending can significantly impact volumes and force pricing concessions. Currency fluctuations and geopolitical factors affecting global trade also influence margins, particularly given the company's international customer base and Asian manufacturing footprint.
Competitive moat
Synaptics possesses a moderate competitive moat built primarily on its intellectual property portfolio, technical expertise, and established customer relationships. The company's strongest defensive position lies in its deep domain knowledge of human interface technologies, accumulated over decades of innovation in touch sensing, connectivity, and signal processing. The company's technical moat is demonstrated through its ability to deliver differentiated solutions like 50% power reduction in wireless chips, advanced AI processing capabilities, and integration of multiple functions (touch, display, fingerprint) into single solutions. This technical leadership creates switching costs for customers who have designed their products around Synaptics' specifications and benefit from the company's system-level expertise. However, the moat faces significant challenges. The semiconductor industry is highly competitive with well-funded competitors including Broadcom, Qualcomm, and various Asian manufacturers who can offer similar functionality at competitive prices. The company's customer concentration risk is notable, as losing major design wins with key OEMs can significantly impact revenue. Additionally, the cyclical nature of end markets means that even technically superior products face demand volatility. The company's scale limitations compared to larger semiconductor companies also constrain its ability to invest in cutting-edge manufacturing processes or compete on pure cost in commodity segments. While Synaptics has successfully diversified beyond its original PC touchpad business, it remains vulnerable to disruption from larger players who can integrate similar functionality into broader system-on-chip solutions or from new technologies that bypass traditional human interface paradigms entirely.
Risks & safety
Synaptics demonstrates a moderate margin of safety with solid financial fundamentals but faces earnings volatility and valuation concerns. • Liquidity and Solvency: Strong cash position of $360 million with current ratio of 2.88x and quick ratio of 2.34x provides adequate liquidity buffer. Total debt-to-equity ratio of 0.64x is manageable though elevated. • Cash Flow: Positive operating cash flow of $73 million and free cash flow of $58 million in recent quarter, though both have shown volatility across periods. Company has demonstrated ability to generate cash during favorable cycles. • Valuation Metrics: Current EV/EBITDA of 62.6x appears stretched given recent low EBITDA of $11.9 million. Price-to-book ratio of 1.77x is reasonable. Recent net loss of $21.8 million makes traditional P/E ratios less meaningful. • Other Considerations: Revenue growth of 12% year-over-year is positive, but earnings remain volatile due to cyclical end markets. Company's ability to maintain margins during downturns and inventory corrections provides some defensive characteristics, though semiconductor cycle exposure remains a key risk factor.
Recent development
Over the past few years, Synaptics has executed a significant strategic transformation focused on diversifying beyond traditional PC markets into higher-growth IoT and connectivity solutions. The company completed a $198 million acquisition from Broadcom, expanding its wireless technology portfolio with Wi-Fi, Bluetooth, GPS, and UWB capabilities, while also gaining access to new market segments including AR/VR and Android smartphones. A key development has been the launch of the Astra AI platform, representing the company's entry into edge artificial intelligence processing for battery-powered devices. This platform includes the SR-Series high-performance adaptive microcontrollers and has generated significant customer interest across various applications. The company has also announced a collaboration with Google for AI processor development, further validating its technology approach. In wireless connectivity, Synaptics has introduced its first Wi-Fi 7 devices targeting IoT applications, claiming to be first-to-market with low-power solutions offering up to 2x higher throughput. The company has also developed Varis connectivity devices for broad-market IoT applications and expanded its human presence detection technology for enterprise applications. The company underwent a leadership transition with CEO Michael Hurlston stepping down and Ken Rizvi serving as interim CEO while the board conducts a search. Despite this change, the company has maintained its strategic focus on Core IoT growth, targeting 25-30% compounded annual growth over the next five years with a design pipeline exceeding $3 billion. Recent product innovations include next-generation touch controllers for foldable OLED phones, advanced automotive TDDI solutions, and continued development of integrated fingerprint and touch technologies. The company has also invested in go-to-market initiatives and business development to support its expanding wireless and AI processor businesses.
SYNA company profile · for informational purposes only — not investment advice.
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