How to Buy Synaptics Stock
Synaptics Inc
Synaptics Incorporated develops, markets, and sells semiconductor product solutions worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes or over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.
Synaptics stock last closed at $85.69, up 5.92% from the previous day, and has decreased 40.03% in one year. It has underperformed other stocks in the Semiconductors industry by 0.5 percentage points. Synaptics stock is currently +26.52% from its 52-week low of $67.73, and -44.6% from its 52-week high of $154.68.
As of May 26, 2023, there are 39.52M SYNA shares outstanding. The market value of SYNA is $3.39B. In the past 24 hours, 725,855 SYNA shares were traded.
How to Buy Synaptics Stock
Wondering how to invest in Synaptics stock? Here's how.
- Decide where to buy Synaptics stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you choose where to buy Synaptics stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your investment account: Select your payment method and add your details.
- Evaluate Synaptics stock: The Synaptics ticker symbol is SYNA. Is Synaptics stock a good investment? Should you buy shares of SYNA? How do SYNA's underlying business fundamentals look? Do top analysts think Synaptics is a good buy? Why has SYNA's stock price moved recently? (Hint: Our stock analysis website can help you decide if SYNA is a good stock to buy).
- Place your SYNA trade: Decide if you will purchase SYNA shares at the current market price or use a limit order to buy SYNA shares at a given price.
- Get updates on your SYNA position: Create a watchlist to the latest updates on your new investment in Synaptics stock.
Step 1: Decide where to buy Synaptics stock
You need an online brokerage account to access the NASDAQ market and buy SYNA shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the best brokerage, the next step is to fill out some personal details so you can buy SYNA today.
How to Open a New Investment Account on eToro
- Click here to get started.
- Provide your personal data to create your new trading account.
- Send your details by pressing the "Create Account" button.
Step 3: Fund your investment account
Now that you have finished signing up on the best beginner stock app, you need to deposit funds:
Watch the walkthrough below to see the process of depositing money into your brokerage account.
Step 4: Evaluate Synaptics stock
After you have identified the best place to buy Synaptics stock, it's crucial to analyze their stock before you buy, so you can understand the risk and opportunity.
Synaptics Numbers
Synaptics Overview
WallStreetZen was designed to help average investors perform better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on SYNA's stock page.
How is SYNA stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge SYNA's intrinsic value.
Using relative valuations metrics:
- SYNA may be undervalued based on its P/E ratio of 18.92x, relative to Semiconductors industry P/E ratio of 105.1x
- SYNA could be undervalued based on its P/B ratio of 2.56x, relative to Semiconductors industry P/B ratio of 5.63x
- SYNA could be undervalued based on its PEG ratio of 0.19x
You can access more valuation analysis on SYNA's stock here.
A quick look at SYNA Financials
Passed Health Checks:
- SYNA earnings of $319.40M is not enough to cover its interest payments.
- Total SYNA debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the SYNA balance sheet.
- SYNA's operating cash flow of $391.30M allows it to safely service it's debt of $978.90M.
- There are more short-term assets than short-term liabilities on the SYNA balance sheet.
Failed Health Checks:
- SYNA profit margin has gone down from 12.2% to 11.2% in the past year.
- SYNA has a relatively high debt to equity ratio of 1.06.
Is Synaptics stock a Buy, Hold, or Sell, according to analysts?
Out of 10 sell side analysts who monitor SYNA, the consensus analyst rating on SYNA is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest SYNA Analyst Recommendations
Ambrish Srivastava, a top 3% analyst from BMO Capital maintains SYNA with a hold rating and lowers their SYNA price target from $135.00 to $80.00, on May 4, 2023.
Anthony Stoss, a top 38% analyst from Craig-Hallum maintains SYNA with a buy rating and lowers their SYNA price target from $150.00 to $115.00, on May 4, 2023.
Rajvindra Gill, a top 1% analyst from Needham maintains SYNA with a buy rating and lowers their SYNA price target from $165.00 to $115.00, on May 4, 2023.
Kevin Cassidy, a top 1% analyst from Rosenblatt maintains SYNA with a strong buy rating and lowers their SYNA price target from $160.00 to $100.00, on May 4, 2023.
Gary Mobley, a top 8% analyst from Wells Fargo maintains SYNA with a hold rating and lowers their SYNA price target from $105.00 to $75.00, on May 4, 2023.
You can dive deeper into what analysts are forecasting on the Synaptics stock forecast page.
SYNA Trading Indicators
SYNA Growth Metrics
Last year, SYNA earnings were $179.90M. During the past four year, SYNA's earnings have gone up by 62.48% per year. This was faster than the Semiconductors industry average of 59.33%.
Last year, SYNA revenue was $1.60B. During the past 5 year, SYNA's revenue has grown by -0.78% per year. This was slower than the Semiconductors industry average of 15.55%.
Dig into SYNA's earnings and revenue performance here.
Are SYNA executives and large shareholders buying or selling the stock?
Over the past 12 months, executives and large shareholders at SYNA have sold more shares than they have bought.
Saleel Awsare, Officer of SYNA, was the latest SYNA insider to sell. They sold $49,098.12 worth of SYNA stock on May 17, 2023.
Learn more about who owns SYNA shares here.
Does SYNA provide a stable income stream?
No, Synaptics doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Place your SYNA trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount limit, use a limit order.
Click the Open button and eToro will execute your order.
If you require more help buying stocks on eToro, watch the helpful video below:
Step 6: Get updates on your SYNA position
Now that you own some shares in SYNA, you'll want to keep up with your new company.
Make a watchlist to see the latest developments about your SYNA stock.
SYNA Feed
How to Buy Stock in Synaptics
To summarize, here are the 6 steps to buy Synaptics stock:
- Decide where to buy Synaptics stock
- Open a brokerage account
- Fund your investment account
- Evaluate Synaptics stock
- Place your SYNA trade
- Get updates on your SYNA position
If you need a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to track your investment in Synaptics, get started below.
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