Synaptics (NASDAQ:SYNA) Price Target Raised to $130.00

Synaptics (NASDAQ:SYNAFree Report) had its price objective upped by Rosenblatt Securities from $110.00 to $130.00 in a research note released on Friday, Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. began coverage on Synaptics in a research report on Friday, December 8th. They set an overweight rating and a $130.00 price objective for the company. Needham & Company LLC lifted their target price on Synaptics from $115.00 to $125.00 and gave the stock a buy rating in a report on Friday. TD Cowen lifted their target price on Synaptics from $115.00 to $135.00 and gave the stock an outperform rating in a report on Friday. Craig Hallum downgraded Synaptics from a buy rating to a hold rating and set a $105.00 target price for the company. in a report on Friday. Finally, Susquehanna lifted their target price on Synaptics from $100.00 to $115.00 and gave the stock a positive rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $125.36.

View Our Latest Research Report on SYNA

Synaptics Stock Up 1.8 %

SYNA stock opened at $112.21 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.52 and a quick ratio of 3.98. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of -56.39 and a beta of 1.61. The business’s fifty day moving average price is $109.26 and its two-hundred day moving average price is $97.28. Synaptics has a fifty-two week low of $67.73 and a fifty-two week high of $129.34.

Synaptics (NASDAQ:SYNAGet Free Report) last released its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.11. The company had revenue of $237.00 million for the quarter, compared to analyst estimates of $235.26 million. Synaptics had a positive return on equity of 2.98% and a negative net margin of 7.54%. Synaptics’s quarterly revenue was down 32.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 EPS. On average, equities analysts anticipate that Synaptics will post -0.49 earnings per share for the current year.

Insider Activity

In other news, insider John Mcfarland sold 884 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $105.83, for a total transaction of $93,553.72. Following the completion of the sale, the insider now owns 15,183 shares in the company, valued at $1,606,816.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Metropolitan Life Insurance Co NY boosted its position in shares of Synaptics by 3.8% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,443 shares of the software maker’s stock valued at $232,000 after buying an additional 89 shares during the last quarter. US Bancorp DE boosted its position in shares of Synaptics by 2.7% during the fourth quarter. US Bancorp DE now owns 3,480 shares of the software maker’s stock valued at $397,000 after buying an additional 93 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Synaptics by 2.8% during the third quarter. Commonwealth Equity Services LLC now owns 4,511 shares of the software maker’s stock valued at $446,000 after buying an additional 123 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Synaptics by 10.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,352 shares of the software maker’s stock valued at $270,000 after buying an additional 128 shares during the last quarter. Finally, Point72 Hong Kong Ltd boosted its position in shares of Synaptics by 12.2% during the first quarter. Point72 Hong Kong Ltd now owns 1,241 shares of the software maker’s stock valued at $248,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Synaptics Company Profile

(Get Free Report)

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.

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Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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