Synaptics Incorporated (NASDAQ:SYNA) Receives $95.25 Average PT from Brokerages

Synaptics Incorporated (NASDAQ:SYNA) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $95.25.

A number of analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Synaptics in a report on Tuesday, February 4th. TD Cowen boosted their price target on Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 8th. Craig Hallum upgraded Synaptics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Rosenblatt Securities restated a “buy” rating and issued a $92.00 price target on shares of Synaptics in a report on Tuesday, February 4th. Finally, Susquehanna boosted their price target on Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd.

Insider Activity

In other news, insider Ken Rizvi acquired 3,600 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was bought at an average price of $69.15 per share, with a total value of $248,940.00. Following the transaction, the insider now directly owns 27,630 shares in the company, valued at approximately $1,910,614.50. The trade was a 14.98 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Vikram Gupta sold 411 shares of Synaptics stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total transaction of $33,549.93. Following the completion of the transaction, the insider now directly owns 40,795 shares of the company’s stock, valued at approximately $3,330,095.85. This trade represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Trading of Synaptics

Several hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Synaptics by 20.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 85,787 shares of the software maker’s stock worth $6,547,000 after buying an additional 14,531 shares during the period. Squarepoint Ops LLC acquired a new stake in Synaptics in the 4th quarter worth about $1,268,000. Twinbeech Capital LP raised its stake in Synaptics by 183.3% in the 4th quarter. Twinbeech Capital LP now owns 40,759 shares of the software maker’s stock worth $3,111,000 after purchasing an additional 26,373 shares in the last quarter. Two Sigma Investments LP raised its stake in Synaptics by 26.9% in the 4th quarter. Two Sigma Investments LP now owns 168,814 shares of the software maker’s stock worth $12,884,000 after purchasing an additional 35,769 shares in the last quarter. Finally, Toronto Dominion Bank acquired a new stake in Synaptics in the 4th quarter worth about $152,895,000. Institutional investors own 99.43% of the company’s stock.

Synaptics Stock Down 2.8 %

NASDAQ:SYNA opened at $69.73 on Friday. Synaptics has a 1 year low of $67.16 and a 1 year high of $109.00. The company has a current ratio of 3.88, a quick ratio of 3.36 and a debt-to-equity ratio of 0.60. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 16.48 and a beta of 1.45. The stock has a 50-day moving average price of $77.82 and a two-hundred day moving average price of $76.43.

About Synaptics

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.