Synaptics (NASDAQ:SYNA – Get Rating) had its price objective reduced by investment analysts at Cowen from $310.00 to $210.00 in a report released on Monday, Stock Target Advisor reports. Cowen’s target price would suggest a potential upside of 38.00% from the company’s current price.
SYNA has been the subject of a number of other reports. Zacks Investment Research raised Synaptics from a “sell” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company assumed coverage on Synaptics in a research report on Thursday, April 7th. They set an “equal weight” rating and a $185.00 target price for the company. Mizuho cut their price target on Synaptics from $290.00 to $250.00 and set a “buy” rating on the stock in a report on Monday, April 18th. Needham & Company LLC lifted their price target on Synaptics from $320.00 to $340.00 and gave the company a “buy” rating in a report on Friday, February 4th. Finally, StockNews.com assumed coverage on Synaptics in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $261.43.
Shares of SYNA stock traded up $3.73 on Monday, reaching $152.17. 3,060 shares of the company’s stock were exchanged, compared to its average volume of 540,415. Synaptics has a 52 week low of $114.05 and a 52 week high of $299.39. The company has a current ratio of 2.94, a quick ratio of 2.58 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $5.98 billion, a PE ratio of 43.11 and a beta of 1.22. The company’s fifty day simple moving average is $194.38 and its 200 day simple moving average is $224.79.
In other Synaptics news, insider Dean Warren Butler sold 1,448 shares of the business’s stock in a transaction dated Monday, February 7th. The stock was sold at an average price of $209.69, for a total transaction of $303,631.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.80% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Bridgewater Advisors Inc. grew its stake in Synaptics by 0.3% during the 4th quarter. Bridgewater Advisors Inc. now owns 16,718 shares of the software maker’s stock valued at $4,840,000 after purchasing an additional 49 shares during the last quarter. Koshinski Asset Management Inc. lifted its holdings in shares of Synaptics by 23.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 260 shares of the software maker’s stock valued at $75,000 after buying an additional 50 shares during the period. Meritage Portfolio Management lifted its holdings in shares of Synaptics by 5.2% in the 4th quarter. Meritage Portfolio Management now owns 1,193 shares of the software maker’s stock valued at $345,000 after buying an additional 59 shares during the period. Glenmede Trust Co. NA lifted its holdings in shares of Synaptics by 3.8% in the 4th quarter. Glenmede Trust Co. NA now owns 1,653 shares of the software maker’s stock valued at $478,000 after buying an additional 60 shares during the period. Finally, NEXT Financial Group Inc lifted its holdings in shares of Synaptics by 10.9% in the 4th quarter. NEXT Financial Group Inc now owns 630 shares of the software maker’s stock valued at $183,000 after buying an additional 62 shares during the period. Institutional investors and hedge funds own 91.93% of the company’s stock.
Synaptics Company Profile (Get Rating)
Synaptics Incorporated develops and supplies semiconductor products and solutions 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 or over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.
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