Synaptics Incorporated (SYNA): fair value, margin of safety and Wheel Score

Is SYNA undervalued?

Synaptics Incorporated (SYNA) closed at 117.36 on 16 Oct 2026. The GLS average fair value - the simple average of the 2 valuation models that produced a positive number - is 138.50, so the price sits 15% below it. 1 of the 2 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.

The average is built from just 2 models (DCF, 10 Cap) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.

The nightly engine files SYNA under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.

Nine valuation models for SYNA

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

Synaptics Incorporated scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 1.9/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.

Returns on capital are thin or negative - ROIC -27.8%, ROE -52.8%, ROA -23.3% - with debt at 0.90 times equity and a free-cash-flow yield of 2.2%.

Synaptics Incorporated pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Enterprise And Automotive Product Appli… 81%, Mobile Product Applications 19% (quarter Q4 FY2026).

Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 45: Weak

With a Wheel Score of 45 Synaptics Incorporated sits in the Weak band, capped at 45 because the engine files it as Speculative / Distressed. The parts - Value 19/25, Health 11/20, Moat 3/15, Premium 14/20, Stability 16/20 - show where: Moat (3/15) scores lowest.

Implied volatility is 29% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (14 of 20 points). Chain open interest is 9,709 contracts across all expiries - enough for the wheel at normal size.

Volume runs at 1.8M shares a day on a market cap of $4.7B, with a beta of 1.96 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 16 of 20.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.

Upcoming events

The next earnings report is due on 5 Nov 2026 (after the close), 20 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

Similar stocks in Semiconductors

The 12 companies below are the closest to Synaptics Incorporated by market cap within the Semiconductors industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

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