Wells Fargo has begun coverage of Synaptics Inc (SYNA) with an Overweight rating, marking its first assessment of the semiconductor firm. This rating reflects the bank's analysis of Synaptics' business dynamics and growth potential in the competitive semiconductor industry.
Based in San Jose, California, Synaptics develops and markets human interface semiconductor solutions for various electronic devices. The company, which went public on January 29, 2002, is a key player in the Internet of Things (IoT) sector, providing products that include wireless connectivity solutions and AI-native edge processors. Currently, Synaptics has a market capitalization of $3.0 billion and reported a trailing twelve-month EPS of -1.33.
Looking ahead, the company is set to announce its upcoming earnings on August 5, 2026, with an estimated EPS of $1.14 and projected revenue of $306.5 million. This follows a recent earnings performance where Synaptics reported an EPS of $1.09 for Q1 2026, slightly exceeding expectations.
Analyst ratings can offer valuable insights but should be considered alongside other factors such as company fundamentals and industry trends. As of December 1, 2025, the analyst consensus stands at 2 Strong Buy, 11 Buy, and 5 Hold ratings, indicating a general optimism about Synaptics' prospects in the market.
The move underscores Wells Fargo's confidence in Synaptics' potential as it navigates the evolving landscape of semiconductor technology.