Synaptics Incorporated (SYNA) - Stock Analysis
Last updated: Jan 14, 2026
Research Idea
Research content for general circulation. Not individualized advice. Methodology & Disclosures
Strong short-term growth opportunity with 14% Q1 2026 revenue growth, 74% Core IoT surge, AI-native product launches (Astra SL2600), and a 23% price rally over 21 days. Though unprofitable, positive free cash flow, solid liquidity, product innovation, and improving technical momentum align for near-term price appreciation in AI edge computing and IoT sectors.
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AI Analyst Overview
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Valuation Metrics
Fundamental Analysis
Key Financial Insights: ⢠High gross margin ⢠Positive FCF ⢠Heavy amortization Synaptics delivers strong product-level margins, liquidity and FCF but is weighed down by recurring GAAP losses, heavy intangibles/amortization and rich earnings-based multiples.
Price Behavior
Key Price Behavior Insights: ⢠Strong rebound ⢠Near-term pullback ⢠Established support Support Level: $70.00â$74.00 Resistance Level: $86.89 SYNA has shown strong positive momentum last month, rebounding from about $70.91 to a peak of $86.89 with support near $70â$74 but a slight pullback from the highs suggests short-term resistance and caution.
Sentiment & News
Key News Insights: ⢠AI-native pivot ⢠Edge partnerships ⢠Analyst upgrades Synaptics is shifting to AI-native IoT and edge AI platforms via new Astra processors and partner deals, prompting analyst upgrades and board strengthening that boost investor confidence.
AI Summary
Synaptics has shifted from a legacy touch-controller vendor to an AIânative edgeâIoT platform with strong nonâGAAP margins and 74% core IoT growth, but the investment case now hinges on timely Astra and integrated MCU production ramps converting design wins to revenueâmisses or inventory writeâdowns would quickly reverse the upside.
Description
Synaptics Incorporated designs and sells semiconductor solutions for human interface, audio/video connectivity, imaging and security applications worldwide. Its portfolio includes voice and audio processing, high-speed connectivity and compressed video transmission technologies, touch and fingerprint input controllers, display controller integrations, low-power edge AI platforms and wireless connectivity modules, which it sells to mobile and PC OEMs, IoT manufacturers, automotive suppliers and consumer electronics companies through direct and channel partners. The company was incorporated in 1986 and is headquartered in San Jose, California.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| Jan 8 | Jan 15 | SYNA | Synaptics Incorporated | Strong short-term growth opportunity with 14% Q1 2026 revenue growth, 74% Core IoT surge, AI-native product launches (Astra SL2600), and a 23% price rally over 21 days. Though unprofitable, positive free cash flow, solid liquidity, product innovation, and improving technical momentum align for near-term price appreciation in AI edge computing and IoT sectors. | Closed | +9.8% |