Esther Song, serving as Vice President and Corporate Controller for Synaptics Inc., has disclosed a recent transaction involving the company's equity. On June 18, 2026, she sold 126 shares of Synaptics common stock at a price of $138.28 per share, resulting in a total value of $17,423. This sale was conducted in accordance with a 10b5-1 trading plan established on February 26, 2026.
In a related transaction on June 17, 2026, Synaptics withheld 138 shares of common stock to meet tax withholding obligations linked to the settlement of restricted stock units. These shares were valued at $133.53 each, totaling $18,427. Following these activities, Ms. Song's direct ownership in Synaptics stands at 12,157 shares.
The insider activity takes place while Synaptics stock is trading near its 52-week high of $149.11. Over the past year, the shares have delivered a 122% return. Despite this performance, InvestingPro analysis suggests the stock may be overvalued relative to its Fair Value. Detailed valuation metrics and additional ProTips for SYNA are accessible through a comprehensive Pro Research Report, which covers over 1,400 US equities.
Synaptics recently reported strong fiscal Q3 2026 results, exceeding both earnings and revenue expectations. The company posted an earnings per share of $1.09, surpassing the forecast of $1.01, and generated revenue of $294.2 million, above the predicted $290.48 million. This achievement marks the sixth consecutive quarter of double-digit year-over-year revenue growth for Synaptics.
Market analysts have responded positively to the company's performance. Mizuho raised its price target for Synaptics to $128, citing growth in the IoT sector. The firm also noted that Synaptics' revenue guidance for the June quarter stands at $305 million, which exceeds consensus estimates. The IoT segment, contributing 30% of Synaptics' revenue, experienced a 31% year-over-year increase. Meanwhile, the Enterprise and Auto segments, representing 57% of revenue, saw a 4% quarter-over-quarter rise.
Needham also increased its price target for Synaptics to $120, maintaining a Buy rating due to the company's expanding robotics pipeline. Additionally, Synaptics signed a memorandum of understanding with Accton Technology Corporation and other partners to explore collaboration on edge AI technologies for UAV applications. These developments highlight Synaptics' strategic initiatives and continued growth across various sectors.
Synaptics stock closed at $140.85, reflecting a $7.32 increase of 5.48%. After-hours trading showed a slight adjustment to $141.00, up $0.11 or 0.08%. ProPicks AI evaluates SYNA alongside thousands of other companies monthly using 100+ financial metrics to identify risk-reward opportunities. The AI assessment focuses on fundamentals, momentum, and valuation without bias, aiming to uncover stocks with notable past winners such as Super Micro Computer and AppLovin.