Synaptics (NASDAQ:SYNA) Price Target Raised to $105.00 at Susquehanna

Synaptics (NASDAQ:SYNA) had its price objective hoisted by Susquehanna from $95.00 to $105.00 in a report released on Wednesday,Benzinga reports. The firm currently has a positive rating on the software maker’s stock.

A number of other equities research analysts have also recently weighed in on the stock. TD Cowen upped their price objective on shares of Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Rosenblatt Securities cut their price target on Synaptics from $130.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. KeyCorp cut Synaptics from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Finally, Needham & Company LLC cut their target price on Synaptics from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Synaptics currently has a consensus rating of “Moderate Buy” and an average target price of $98.44.

Synaptics Stock Down 2.4 %

NASDAQ:SYNA opened at $83.49 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.49 and a quick ratio of 4.02. The firm’s 50-day moving average price is $78.69 and its 200-day moving average price is $77.99. The company has a market capitalization of $3.34 billion, a PE ratio of 21.14 and a beta of 1.44. Synaptics has a 1-year low of $67.83 and a 1-year high of $115.85.

Insiders Place Their Bets

In other Synaptics news, insider Vikram Gupta sold 411 shares of Synaptics stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total value of $33,549.93. Following the completion of the sale, the insider now owns 40,795 shares of the company’s stock, valued at approximately $3,330,095.85. The trade was a 1.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

Institutional Trading of Synaptics

Several large investors have recently modified their holdings of SYNA. GAMMA Investing LLC lifted its holdings in Synaptics by 261.8% in the third quarter. GAMMA Investing LLC now owns 369 shares of the software maker’s stock valued at $29,000 after acquiring an additional 267 shares during the period. Quarry LP bought a new position in shares of Synaptics in the 3rd quarter worth approximately $31,000. CWM LLC boosted its holdings in shares of Synaptics by 58.1% in the third quarter. CWM LLC now owns 1,151 shares of the software maker’s stock worth $89,000 after buying an additional 423 shares during the last quarter. KBC Group NV grew its position in Synaptics by 87.4% during the fourth quarter. KBC Group NV now owns 1,795 shares of the software maker’s stock valued at $137,000 after buying an additional 837 shares during the period. Finally, Van ECK Associates Corp purchased a new stake in Synaptics during the third quarter valued at approximately $132,000. Institutional investors own 99.43% of the company’s stock.

Synaptics Company Profile

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.