Synaptics Incorporated research snapshot

SYNA AI Stock Analysis

SYNA AI stock analysis reads Synaptics Incorporated as a semiconductor company selling touch, display, biometrics, audio, wireless connectivity, and edge AI compute silicon into mobile, PC, IoT, and automotive markets. At the August 3, 2026 data cutoff, SYNA last closed near $107.32 on July 31, 2026, with a market capitalization of about $4.19 billion. The defining event is the June 25, 2026 all-stock agreement under which onsemi acquires Synaptics at a fixed exchange ratio of 1.350 onsemi shares per SYNA share. Because the consideration is onsemi stock, the implied value moves with ON, which closed at $81.61, placing the implied SYNA value near $110 and SYNA about 2.6% below it. The remaining gates are a Synaptics stockholder vote, S-4 effectiveness, and antitrust and foreign-investment clearance, with a target close in mid-2027. This page is informational research, not investment advice.

Current price

$107.32 closing reference (Jul 31, 2026); last completed daily bar

Market cap

$4.19 billion

AI score

55 / 100

Rating

Niche human-machine interface and edge AI chipmaker being acquired by onsemi in a fixed 1.350-to-1 all-stock deal, with the stock now trading near the implied exchange value

Trend status

Price has trended down with onsemi shares since the June 25, 2026 deal announcement and now sits between the 20-day and 200-day moving averages, roughly 2.6% below the implied exchange value

Data cutoff (updated monthly)

August 4, 2026

Informational use only. This page is not investment advice.

Research quality check

information Richness
B-level information richness. Synaptics has a long operating history, SEC filings, and active semiconductor coverage, and the merger adds a rich set of 8-K, Form 425, and press-release disclosures. However, precise deal-timing and integration outcomes depend on the S-4 proxy statement and regulatory review that are still in progress.
bias Check
The main AI research bias is treating the announced all-stock deal like a fixed cash price. The earlier estimate of roughly $179 per share was calculated from onsemi shares near their June peak, so it overstated the deal value. The counter-check is to value SYNA off the actual exchange ratio of 1.350 times the current ON share price, and to weigh ON share price risk, stockholder vote risk, and antitrust risk rather than assuming a fixed acquisition price.
ai Confidence
High for reported price, market cap, revenue, exchange ratio, and deal structure from SEC filings and press releases. Medium for the merger timeline because S-4 effectiveness, the stockholder vote, and antitrust reviews are unresolved. Low for post-close integration outcomes because onsemi has not published synergy targets.
investment Certainty
Low. SYNA is a stock-for-stock merger situation: the value you receive depends on the onsemi share price at closing plus the binary risk that the deal does not close. For merger-arbitrage investors the structure is transparent, while for fundamental investors the standalone thesis is secondary to the pending transaction.

Quick verdict table

DimensionConclusionConfidence
Business qualitySynaptics sells touch controllers, display drivers, fingerprint sensors, audio processors, wireless connectivity chips, and edge AI silicon into mobile, PC, IoT, and automotive markets. Fiscal Q3 2026 revenue rose 10% year over year to $294.2 million, with Core IoT product sales up 31%, but the company still reports a GAAP net loss.Medium
MoatThe moat comes from IP in touch and display integration, biometrics, low-power wireless, and audio processing, plus long-running OEM design-win relationships. It is narrower than large-cap semiconductor peers because Synaptics competes with both broad-market chipmakers and specialized silicon vendors.Low-medium
ManagementCEO Rahul Patel joined in June 2025 after a decade at Qualcomm and is leading the Core IoT and edge AI push. Former CEO Michael Hurlston left in February 2025. The board unanimously approved the onsemi merger, which stockholders must still approve.Medium
Financial trendTTM revenue is about $1.17 billion. GAAP net income is negative at about -$48.1 million TTM, while the company generates positive levered free cash flow near $145.7 million. Fiscal Q3 2026 non-GAAP EPS was $1.09 and guidance for fiscal Q4 2026 points to continued sequential and year-over-year growth.Medium-high
ValuationAt $107.32, SYNA trades at roughly 3.6x TTM revenue and about 20x forward earnings, with a negative trailing P/E due to GAAP losses. The implied value of the 1.350 exchange ratio is about $110 based on the July 31 onsemi close, so the stock trades near the deal value rather than at a deep discount.Medium
Technical trendThe stock is below the 20-day and 50-day moving averages and above the 200-day average, a mixed setup after the June peak near $149. RSI near 40 and a negative MACD show weak momentum as the stock tracks onsemi down.Medium
Risk levelThe dominant risk is that the all-stock deal value falls with the onsemi share price, plus deal failure from a negative stockholder vote, antitrust or foreign-investment action, or an S-4 delay. Business risks include revenue concentration in mobile and PC and ongoing GAAP losses.Medium-high
AI confidenceDescriptive confidence is high for reported financial data, the 1.350 exchange ratio, and the deal structure. Return confidence is low because the value received depends on the future onsemi share price and deal completion.Medium data confidence
Investment certaintySYNA is a transparent stock-for-stock merger-arbitrage situation. Certainty is tied to the probability of close and the onsemi share price at that point, not to a fixed cash acquisition price.Low

SYNA AI stock forecast

SYNA AI Stock Forecast Scenarios

The SYNA AI stock forecast is set by the onsemi all-stock acquisition structure, not by a fixed price. Each SYNA share converts into 1.350 onsemi shares, so the value at close depends on the ON share price. The scenarios below describe the range of outcomes around that structure as of the August 3, 2026 data cutoff.

Bullish case (deal closes with onsemi shares recovering)

$120 to $150 on the SYNA line

More likely if the stockholder vote and antitrust and foreign-investment approvals proceed on schedule, the S-4 becomes effective, and onsemi shares recover from recent weakness. With ON back near the $90 to $110 range, the implied SYNA value from 1.350 shares rises above the current price and the spread widens in favor of holders.

Base case (deal closes in mid-2027 near current ON levels)

$100 to $115

More likely if the merger follows the announced mid-2027 timeline with no material change to the exchange ratio. SYNA would continue to trade near its implied value of roughly 1.350 times the ON share price, with the small discount reflecting time value and residual approval risk.

Bearish case (deal fails or ON falls further)

$70 to $100

More likely if stockholders reject the deal, regulators block or materially delay it, or onsemi shares keep falling. Without the merger, SYNA would re-rate on its standalone business, which still reports a GAAP net loss despite growing Core IoT revenue.

SYNA AI technical analysis

SYNA AI Technical Analysis

SYNA AI technical analysis as of the July 31, 2026 close shows a stock that peaked near $149 in June on merger news and has since tracked onsemi shares lower. Price is below the 20-day and 50-day moving averages and above the 200-day average, with RSI near 40 and a negative MACD. Because this is an all-stock deal, the implied exchange value of roughly $110 is the most important technical reference point.

LevelValueWhy it matters
Current price$107.32 Jul 31 closeLast completed daily bar from the Yahoo Finance Chart API. Prior daily closes were $103.64 on Jul 29 and $108.85 on Jul 30.
Implied exchange value~$110 (1.350 x ON close)The value of 1.350 onsemi shares based on the ON close of $81.61 on July 31, 2026. This reference moves with the ON price and is the anchor for the deal spread.
Near-term support$103 to $105The recent low cluster around $103 to $104, matching the 20-day low of $103.51 and the lower Bollinger band near $104. A close below this zone would signal weaker deal conviction or further ON weakness.
200-day moving average support~$92The 200-day SMA sits near $92.18. A sustained break below it would put SYNA in a longer-term downtrend and imply the market is pricing meaningful deal risk.
First resistance$117 to $118The 20-day moving average near $117.38 and the lower edge of the recent consolidation. Price needs to reclaim this zone to stabilize.
Second resistance$127 to $136The 50-day moving average near $127.51 and the 20-day high near $135.79. A move back above this zone would require onsemi shares to recover substantially.
June high$149.11The 52-week and cycle high reached before the deal announcement period. This level is not a meaningful target unless onsemi shares rally strongly.
Moving averagesSMA20 $117.38, SMA50 $127.51, SMA200 $92.18Price is below the 20-day and 50-day averages and above the 200-day average, which classifies the trend as mixed. MAs are secondary to the ON-driven deal value.
MomentumWeak, RSI near 40RSI(14) was about 40.3 with a negative MACD at the July 31 close, reflecting the persistent downtrend in both SYNA and ON.
VolumeNear average since the peakLatest volume was about 840,000 shares versus a 20-day average near 796,000, a ratio of about 1.06. Volume spikes around deal headlines and the August 6 earnings date are expected.
VolatilityElevated, ATR near $7.40ATR(14) was about $7.37, roughly 6.9% of price. Expect swings around the stockholder vote, S-4 filing, antitrust news, and quarterly results.
InvalidationClose below $92A sustained close below the 200-day average near $92 would signal rising deal-failure risk and a deteriorating technical trend. A recovery above $118 would be the first bullish signal.

SYNA AI trading strategy

SYNA AI Trading Strategy Framework

The SYNA AI trading strategy below is a rules-based research framework, not personal advice. Because SYNA is being acquired in an all-stock transaction, the relevant framework is stock-for-stock merger arbitrage: you track the implied exchange value, the approval timeline, and tail risk, rather than a conventional trend or mean-reversion setup.

Stock-for-stock spread monitoring

The value of each SYNA share is 1.350 onsemi shares. Track the implied value versus the SYNA market price, the S-4 registration, the stockholder meeting, HSR and antitrust filings, and any foreign-investment review. A narrowing discount to the implied value signals rising deal confidence; a widening one signals doubt.

Because the consideration is onsemi stock, your outcome also depends on the ON price at closing. A falling ON price shrinks the deal value even if the merger closes. Size the position for the combination of deal-failure risk and ON market risk, and cap it as a small allocation.

Catalyst-driven rebalancing

Key catalysts are the August 6, 2026 fiscal Q4 results, S-4 effectiveness, the Synaptics stockholder vote, and any antitrust or foreign-investment decisions. Positive milestones should compress the discount to the implied value, while delays, regulatory requests, or a changed stockholder recommendation should widen it.

If the deal slips past the June 2027 end date or regulators impose conditions, reassess the spread and opportunity cost. Do not assume the deal closes simply because it was announced.

Standalone fallback valuation

If the merger fails, SYNA would re-rate on its standalone business: roughly $1.17 billion TTM revenue, a GAAP net loss, positive levered free cash flow near $145.7 million, cash near $404 million, and total debt versus equity of about 65%. Compare those figures against semiconductor peer multiples for a floor range.

Do not treat the current price as fundamental support. A failed deal could revalue SYNA toward the pre-announcement range near $70 to $100, so position sizing must assume that downside is possible.

Investment research summary

Four-master Research Compression

Business essence

Synaptics gets paid by OEMs who need specialized human-interface and connectivity silicon for touchscreens, displays, fingerprint security, audio, wireless IoT, and edge AI in phones, PCs, cars, and smart-home devices.

Moat

The moat rests on decades of IP in touch-and-display integration, biometrics, and low-power wireless plus long OEM design-win cycles. It is narrower than large-cap semiconductor peers because Synaptics competes across several niche markets.

Munger risk inversion

The thesis fails if the onsemi merger does not close, if the stockholder vote fails, if regulators block or delay it, or if onsemi shares keep falling and shrink the exchange value. Without the deal, SYNA faces a GAAP loss, mobile and PC concentration, and an uncertain path to scale in IoT and edge AI.

Management

CEO Rahul Patel, a former Qualcomm executive, has focused the portfolio on Core IoT and edge AI, with fiscal Q3 2026 Core IoT sales up 31%. The board unanimously approved the onsemi merger, and the outcome will be judged on deal terms, shareholder vote, and execution until a mid-2027 close.

Industry trend

Semiconductor content per device is rising in IoT, robotics, and edge AI. onsemi says the combination expands its addressable market by about $30 billion to $243 billion by 2030. The risk is that larger rivals with deeper resources target the same physical AI and connectivity sockets.

Valuation and margin of safety

At $107.32, SYNA trades near the implied exchange value of about $110, so the margin of safety is thin and depends on deal completion and the future ON price. Standalone valuation at roughly 3.6x revenue with negative GAAP earnings offers limited margin of safety if the deal fails.

Source-backed data

SYNA Data Table

Every metric below includes a source and last verification date.

MetricValueSourceLast verified
SYNA closing price$107.32 on July 31, 2026Yahoo Finance Chart APIAugust 3, 2026
onsemi closing price$81.61 on July 31, 2026Yahoo Finance Chart APIAugust 3, 2026
Market capitalization verification$4.19B calculated as $107.32 x 39.07M shares; deviation 0.07% versus reported. Yahoo reported $4.548B at the July 27 delayed quote price.Pineify financial_rigor.py and Yahoo FinanceAugust 3, 2026
Merger exchange ratio1.350 onsemi shares per SYNA share; all-stock; ~$7B enterprise valueonsemi and Synaptics Form 8-K filings, June 25, 2026August 3, 2026
Deal timingAnticipated close mid-2027; end date June 25, 2027 extendable in three-month increments; termination fees of $235M (SYNA) and $320M (onsemi on regulatory grounds)Form 8-K and HardwareLedger merger terms reviewAugust 3, 2026
TTM revenue$1.17BYahoo Finance SYNA statisticsAugust 3, 2026
TTM GAAP net income-$48.1M, EPS -$1.25Yahoo Finance SYNA statisticsAugust 3, 2026
Fiscal Q3 2026 revenue$294.2M, up 10% year over year; Core IoT product sales up 31%; non-GAAP EPS $1.09; GAAP loss -$8.0MSynaptics Q3 FY2026 press release, May 7, 2026August 3, 2026
Fiscal Q4 2026 guidanceRevenue $305M +/- $10M; non-GAAP EPS $1.20 +/- $0.15Synaptics Q3 FY2026 press release, May 7, 2026August 3, 2026
Forward P/EAbout 20x at $107.32, implied forward EPS near $5.35Yahoo Finance SYNA statistics and Pineify calculationAugust 3, 2026
Price to sales (TTM)About 3.6x at $107.32Yahoo Finance SYNA statistics and Pineify calculationAugust 3, 2026
Price to book (MRQ)About 3.1x at $107.32 (BVPS near $34.82)Yahoo Finance SYNA statistics and Pineify calculationAugust 3, 2026
Enterprise value$4.85B reported as of July 24, 2026 (at the then-prevailing price)Yahoo Finance SYNA statisticsAugust 3, 2026
Cash and equivalents$404.4M (MRQ)Yahoo Finance SYNA statisticsAugust 3, 2026
Total debt / equity64.72% (MRQ)Yahoo Finance SYNA statisticsAugust 3, 2026
Levered free cash flow (TTM)$145.72MYahoo Finance SYNA statisticsAugust 3, 2026
Analyst price targetAverage $143.67, range $123 to $170Yahoo Finance SYNA analysisAugust 3, 2026
Recent analyst actionsSusquehanna Neutral, price target lowered 140 to 125 on July 21, 2026; Argus downgraded to Sell with a $95 target on July 28, 2026Yahoo Finance SYNA analysisAugust 3, 2026
52-week range$58.28 - $149.11Yahoo Finance SYNA quoteAugust 3, 2026
Beta (5Y monthly)1.98Yahoo Finance SYNA quoteAugust 3, 2026
Next earnings dateAugust 6, 2026 (fiscal Q4 and full year 2026)Yahoo Finance and Synaptics press releaseAugust 3, 2026
Technical indicatorsSMA20 $117.38, SMA50 $127.51, SMA200 $92.18, RSI(14) 40.3, ATR(14) $7.37Yahoo Finance Chart API via Pineify technical_analysis.pyAugust 3, 2026

Frequently Asked Questions

This SYNA AI stock analysis is an informational research tool only. It is not investment advice, not a recommendation to buy or sell Synaptics Incorporated or onsemi, and not a promise of future returns. The analysis covers both standalone fundamentals and the pending all-stock merger. Forecasts are scenario-based estimates from available public data and can be wrong. Merger outcomes depend on stockholder votes, regulatory approval, and the future onsemi share price. This page is not a solicitation to engage in merger arbitrage.