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    A Look at Synaptics (SYNA) Valuation as Astra SL2600 Edge AI Series Debuts

    Simply Wall St·10/27/2025 05:13:39
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    Synaptics (SYNA) has rolled out its Astra SL2600 Series, marking a major expansion into Edge AI and IoT hardware. This suite of chips includes advanced AI features and security, targeting everything from smart home devices to industrial automation.

    See our latest analysis for Synaptics.

    After unveiling its Astra SL2600 Edge AI processors, Synaptics has seen modest share price movement, with a 2.3% return in the past month and a 5.6% gain over the last 90 days. Still, its 12-month total shareholder return remains negative at -3.1%, reflecting investors' mixed views on long-term growth, even with excitement around new product launches.

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    With Synaptics trading below analyst price targets and its new AI-powered product line on the horizon, investors are faced with a key question: Is the current price a bargain, or has future growth already been priced in?

    Most Popular Narrative: 13.4% Undervalued

    With Synaptics closing at $71.20 and the most widely followed narrative estimating fair value around $82.25, there is a sizable gap in perception. That difference highlights a clash between market skepticism and bullish projections for the company’s push into next-generation IoT and Edge AI.

    The launch and initial customer traction of native Edge AI processors (Astra family, featuring Google Research collaboration and neural transformer support) targets the growing shift toward on-device processing for AI workloads, potentially establishing Synaptics as a key supplier for next-gen IoT applications and improving both revenue growth and product differentiation.

    Read the complete narrative.

    Curious what bold revenue projections and margin upgrades drive this “undervalued” label, especially with analysts betting on sector-beating growth? The secret sauce consists of aggressive expansion plans and a shift to AI at the core. Want to see the exact numbers and forward assumptions powering the price target? The full narrative breaks it all down.

    Result: Fair Value of $82.25 (UNDERVALUED)

    Have a read of the narrative in full and understand what's behind the forecasts.

    However, scaling the customer base and successfully focusing on high-return segments remain hurdles that could challenge Synaptics’s ambitious growth narrative.

    Find out about the key risks to this Synaptics narrative.

    Build Your Own Synaptics Narrative

    If you see the story differently or want to dive into the numbers yourself, you can easily build your own view in just a few minutes. Why not Do it your way

    A great starting point for your Synaptics research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.