Recent Research Analysts’ Ratings Changes for Synaptics (SYNA)

A number of research firms have changed their ratings and price targets for Synaptics (NASDAQ: SYNA):

  • 5/6/2022 – Synaptics was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Synaptics is a leader in designing and marketing human interface solutions such as touchpads for notebook computers, capactive touch screen controllers for handsets and biometric fingerprint sensors for mobile devices. “
  • 5/6/2022 – Synaptics was downgraded by analysts at Summit Insights from a “buy” rating to a “hold” rating.
  • 5/6/2022 – Synaptics had its price target lowered by analysts at Susquehanna Bancshares, Inc. from $320.00 to $240.00.
  • 5/6/2022 – Synaptics had its price target lowered by analysts at Craig Hallum from $265.00 to $220.00.
  • 5/6/2022 – Synaptics had its price target lowered by analysts at Needham & Company LLC from $340.00 to $265.00.
  • 5/6/2022 – Synaptics had its price target lowered by analysts at Susquehanna from $320.00 to $240.00.
  • 5/6/2022 – Synaptics had its price target lowered by analysts at Mizuho from $250.00 to $225.00.
  • 5/2/2022 – Synaptics had its price target lowered by analysts at Cowen Inc. from $310.00 to $210.00.
  • 5/2/2022 – Synaptics had its price target lowered by analysts at Cowen Inc from $310.00 to $210.00.
  • 4/28/2022 – Synaptics was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Synaptics is a leader in designing and marketing human interface solutions such as touchpads for notebook computers, capactive touch screen controllers for handsets and biometric fingerprint sensors for mobile devices. “
  • 4/19/2022 – Synaptics was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Synaptics is a leader in designing and marketing human interface solutions such as touchpads for notebook computers, capactive touch screen controllers for handsets and biometric fingerprint sensors for mobile devices. “
  • 4/18/2022 – Synaptics had its price target lowered by analysts at Mizuho from $290.00 to $250.00. They now have a “buy” rating on the stock.
  • 4/12/2022 – Synaptics had its price target lowered by analysts at KeyCorp from $310.00 to $250.00. They now have an “overweight” rating on the stock.
  • 4/12/2022 – Synaptics was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Synaptics is a leader in designing and marketing human interface solutions such as touchpads for notebook computers, capactive touch screen controllers for handsets and biometric fingerprint sensors for mobile devices. “
  • 4/7/2022 – Synaptics is now covered by analysts at Wells Fargo & Company. They set an “equal weight” rating and a $185.00 price target on the stock.
  • 3/31/2022 – Synaptics is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

SYNA stock opened at $137.93 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.94 and a quick ratio of 2.58. Synaptics Incorporated has a 1-year low of $114.05 and a 1-year high of $299.39. The firm has a fifty day moving average price of $184.00 and a two-hundred day moving average price of $223.01. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 28.92 and a beta of 1.34.

Synaptics (NASDAQ:SYNAGet Rating) last released its earnings results on Thursday, May 5th. The software maker reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.55 by $0.20. Synaptics had a net margin of 12.17% and a return on equity of 36.24%. The firm had revenue of $470.10 million during the quarter, compared to analyst estimates of $464.65 million. During the same quarter in the previous year, the firm earned $1.39 earnings per share. The firm’s revenue for the quarter was up 44.3% compared to the same quarter last year. As a group, analysts expect that Synaptics Incorporated will post 10.61 EPS for the current fiscal year.

In other Synaptics news, insider Dean Warren Butler sold 1,126 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $155.61, for a total value of $175,216.86. Following the sale, the insider now directly owns 26,651 shares in the company, valued at $4,147,162.11. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kiva A. Allgood sold 196 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $155.61, for a total transaction of $30,499.56. Following the completion of the sale, the director now owns 6,654 shares in the company, valued at $1,035,428.94. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Synaptics in the 4th quarter valued at about $39,000. Sageworth Trust Co of South Dakota bought a new stake in shares of Synaptics in the 4th quarter valued at approximately $43,000. Mascoma Wealth Management LLC bought a new stake in shares of Synaptics in the 1st quarter valued at approximately $48,000. San Luis Wealth Advisors LLC bought a new stake in shares of Synaptics in the 1st quarter valued at approximately $56,000. Finally, Cornerstone Advisory LLC bought a new stake in shares of Synaptics in the 4th quarter valued at approximately $58,000. Institutional investors own 91.93% of the company’s stock.

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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