SYNA Stock Summary and Trading Ideas (Synaptics | NASDAQ:SYNA)

Synaptics Inc is a global producer of semiconductor solutions for the mobile, PC, and Internet of Things markets. The company develops human interface solutions that enable touch, display, fingerprint, video, audio, voice, AI, and connectivity functions for smartphones, PCs, Internet of Things products, and other electronic devices. Geographically, it derives a majority of revenue from China. The company operates in one segment: the development, marketing, and sale of semiconductor products used in electronic devices and products.

Synaptics trades on the NASDAQ stock market under the symbol SYNA.

As of April 18, 2024, SYNA stock price declined to $81.69 with 316,189 million shares trading.

SYNA has a beta of 1.78, meaning it tends to be more sensitive to market movements. SYNA has a correlation of 0.30 to the broad based SPY ETF.

SYNA has a market cap of $3.21 billion. This is considered a Mid Cap stock.

Last quarter Synaptics reported $237 million in Revenue and $.57 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.13.

In the last 3 years, SYNA stock traded as high as $299.39 and as low as $67.73.

The top ETF exchange traded funds that SYNA belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.

SYNA has underperformed the market in the last year with a price return of -17.8% while the SPY ETF gained +22.3%. SYNA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -19.9% and -13.7%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

SYNA support price is $81.23 and resistance is $85.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SYNA stock will trade within this expected range on the day.