Northland Raises its Price Target on Synaptics (SYNA)

On May 8, 2026, Northland raised the firm’s terms people connected Synaptics Incorporated (NASDAQ:SYNA) to $123 from $106 and kept an Outperform standing connected the shares aft the institution reported results supra statement expectations and guided the June 4th higher.

Susquehanna besides raised the firm’s terms people connected Synaptics Incorporated (NASDAQ:SYNA) to $125 from $105 and kept a Positive standing connected the shares. The steadfast updated its exemplary pursuing better-than-expected Q1 results and guidance.

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On May 7, 2026, Synaptics Incorporated (NASDAQ:SYNA) reported Q3 adjusted EPS of $1.09, versus the statement estimation of $1.01. Revenue totaled $294.2M, versus the statement estimation of $290.13M. President and CEO Rahul Patel said the institution delivered a coagulated fiscal 3rd quarter, with double-digit year-over-year gross maturation driven by a 31% summation successful Core IoT merchandise sales. Patel added that revenue, non-GAAP gross margin, and non-GAAP EPS each exceeded the midpoints of guidance, reflecting beardown execution. Management said that based connected the midpoint of Q4 guidance, full-year fiscal 2026 Core IoT gross is expected to turn much than 40% twelvemonth implicit twelvemonth to supra $385M. The institution besides highlighted accelerating enactment successful Physical AI and Edge AI, supported by expanding lawsuit engagements and plan wins, portion continuing to presumption its portfolio astir emerging semipermanent maturation opportunities.

Synaptics Incorporated (NASDAQ:SYNA) develops and markets semiconductor products for mobile, PC, astute home, industrial, and automotive applications worldwide.

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