Synaptics Incorporated (NASDAQ:SYNA – Get Free Report) has received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $98.44.
Several research analysts recently weighed in on the stock. Susquehanna boosted their price target on shares of Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. TD Cowen increased their price target on Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, November 8th. KeyCorp lowered Synaptics from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Rosenblatt Securities reduced their price objective on Synaptics from $130.00 to $92.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Synaptics in a research note on Wednesday.
Check Out Our Latest Stock Report on Synaptics
Insider Buying and Selling at Synaptics
Institutional Investors Weigh In On Synaptics
A number of large investors have recently added to or reduced their stakes in the company. Barclays PLC raised its position in Synaptics by 189.7% in the 3rd quarter. Barclays PLC now owns 81,330 shares of the software maker’s stock worth $6,309,000 after purchasing an additional 53,252 shares during the period. Algert Global LLC grew its stake in shares of Synaptics by 44.9% during the third quarter. Algert Global LLC now owns 50,797 shares of the software maker’s stock valued at $3,941,000 after buying an additional 15,750 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Synaptics by 111.7% in the third quarter. BNP Paribas Financial Markets now owns 79,777 shares of the software maker’s stock worth $6,189,000 after buying an additional 42,101 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Synaptics in the 2nd quarter valued at about $941,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Synaptics by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 447,881 shares of the software maker’s stock valued at $34,747,000 after acquiring an additional 17,119 shares during the period. Hedge funds and other institutional investors own 99.43% of the company’s stock.
Synaptics Stock Down 1.9 %
Shares of NASDAQ:SYNA opened at $86.16 on Tuesday. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 21.81 and a beta of 1.44. The business’s 50 day moving average is $79.90 and its 200 day moving average is $77.85. Synaptics has a 12-month low of $67.83 and a 12-month high of $115.85. The company has a quick ratio of 4.02, a current ratio of 4.49 and a debt-to-equity ratio of 0.66.
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.
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