Synaptics Incorporated (NASDAQ:SYNA) Receives Average Rating of “Moderate Buy” from Analysts

Synaptics Incorporated (NASDAQ:SYNAGet Free Report) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $125.36.

A number of equities analysts have issued reports on SYNA shares. TD Cowen lifted their price objective on shares of Synaptics from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday. Rosenblatt Securities lifted their target price on shares of Synaptics from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday. KeyCorp upped their price objective on shares of Synaptics from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday. StockNews.com raised shares of Synaptics from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Susquehanna increased their target price on Synaptics from $130.00 to $135.00 and gave the stock a “positive” rating in a research note on Friday.

Read Our Latest Report on Synaptics

Insider Buying and Selling

In other news, insider John Mcfarland sold 884 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $105.83, for a total value of $93,553.72. Following the transaction, the insider now owns 15,183 shares of the company’s stock, valued at approximately $1,606,816.89. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Synaptics

Hedge funds have recently made changes to their positions in the stock. Metropolitan Life Insurance Co NY grew its stake in Synaptics by 3.8% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,443 shares of the software maker’s stock worth $232,000 after buying an additional 89 shares in the last quarter. US Bancorp DE boosted its stake 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 purchasing an additional 93 shares during the period. Commonwealth Equity Services LLC lifted 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. raised its position in Synaptics by 10.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,352 shares of the software maker’s stock worth $270,000 after buying an additional 128 shares during the last quarter. Finally, Point72 Hong Kong Ltd grew its stake in Synaptics by 12.2% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,241 shares of the software maker’s stock valued at $248,000 after acquiring an additional 135 shares during the period. Institutional investors own 91.51% of the company’s stock.

Synaptics Trading Up 1.3 %

Shares of Synaptics stock opened at $113.68 on Tuesday. Synaptics has a 12-month low of $67.73 and a 12-month high of $129.34. The stock has a market capitalization of $4.47 billion, a P/E ratio of -57.13 and a beta of 1.61. The company has a quick ratio of 4.04, a current ratio of 4.53 and a debt-to-equity ratio of 0.79. The company has a 50-day simple moving average of $109.53 and a 200 day simple moving average of $97.46.

Synaptics (NASDAQ:SYNAGet Free Report) last announced its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. Synaptics had a positive return on equity of 3.01% and a negative net margin of 7.54%. The company had revenue of $237.00 million for the quarter, compared to analysts’ expectations of $235.26 million. During the same period last year, the firm earned $1.47 EPS. Synaptics’s revenue for the quarter was down 32.9% compared to the same quarter last year. Research analysts expect that Synaptics will post -0.49 earnings per share for the current fiscal year.

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.

Further Reading

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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