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 $87.57, up 1.78% from the previous day, and has decreased 3% in one year. It has underperformed other stocks in the Semiconductors industry by 0.4 percentage points. Synaptics stock is currently +29.29% from its 52-week low of $67.73, and -27.85% from its 52-week high of $121.37.
As of Apr 25, 2024, there are 39.3M SYNA shares outstanding. The market value of SYNA is $3.44B. In the past 24 hours, 310,106 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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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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/B ratio of 2.82x, relative to Semiconductors industry P/B ratio of 7.69x
You can access additional valuation analysis on SYNA's stock here.
How do SYNA Financials look?
Passed Health Checks:
- Total SYNA debt is lower than 5 years ago, relative to shareholder equity.
- SYNA's operating cash flow of $287.60M allows it to safely service it's debt of $974.70M.
- There are more short-term assets than long-term liabilities on the SYNA balance sheet.
- There are more short-term assets than short-term liabilities on the SYNA balance sheet.
Failed Health Checks:
- SYNA has a relatively high debt to equity ratio of 1.11.
- SYNA earnings of -$29.70M is not enough to cover its interest payments.
- SYNA profit margin has gone down from 13.4% to -7.5% in the past year.
Is it a good time to buy SYNA stock, according to analysts?
Out of 8 Wall Street analysts who give forecasts on SYNA, the consensus analyst rating on Synaptics is a Strong Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest SYNA Analyst Upgrades/Downgrades
Quinn Bolton, a top 1% analyst from Needham maintains SYNA with a buy rating and raises their SYNA price target from $115.00 to $125.00, on Feb 9, 2024.
Peter Peng, a bottom 26% analyst from JP Morgan initiates coverage on SYNA with a strong buy rating and announces their SYNA price target of $130.00, on Dec 8, 2023.
Rajvindra Gill, a top 2% analyst from Needham maintains SYNA with a buy rating and raises their SYNA price target from $100.00 to $115.00, on Nov 10, 2023.
You can dig deeper into what analysts are forecasting on the Synaptics stock forecast page.
SYNA Trading Indicators
Is SYNA Growing Revenue?
Last year, SYNA revenue was $1.03B. During the last five year, SYNA's revenue has grown by -8.75% per year. This was slower than the Semiconductors industry average of 23.24%.
You can analyze SYNA's earnings and revenue performance here.
What are SYNA executives and large shareholders up to?
In the past 12 months, executives and large shareholders at SYNA have sold more shares than they have bought.
Vikram Gupta, The reporting person is SVP GM IoTProcessors and Chief Product Officer. of SYNA, was the latest SYNA insider to sell. They sold $382,373.92 worth of SYNA stock on Mar 1, 2024.
Get more info about who owns SYNA stock here.
Can I rely on SYNA as an income stream?
No, Synaptics doesn't provide an income stream by paying out dividends.
What do other investors have to say about SYNA?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your SYNA trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular price, place a limit order.
Hit the Open button and your broker will place the order.
If you need more info about investing in stocks on eToro, click the how to video below:
Step 6: Get updates on your SYNA position
Now that you own some SYNA shares, you'll want to stay up-to-date on your new investment.
Put SYNA on a watchlist to get alerted to the latest events about your SYNA stock.
SYNA Feed
How to Buy Stock in Synaptics
To reiterate, here are the 6 steps to buy stock in Synaptics:
- 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 option.
Get Started with eToro TodayIf you would like to get updates on your new investment in Synaptics, get started below.
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