Mizuho Has Lowered Expectations for Synaptics (NASDAQ:SYNA) Stock Price

Synaptics (NASDAQ:SYNA) had its target price lowered by Mizuho from $90.00 to $80.00 in a research report released on Monday,Benzinga reports. The firm currently has an outperform rating on the software maker’s stock.

Several other analysts have also recently issued reports on SYNA. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Synaptics in a research note on Tuesday, February 4th. 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 set a $105.00 price objective on shares of Synaptics in a research note on Thursday, February 27th. Finally, Susquehanna lifted their price objective on shares of Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

Synaptics Price Performance

SYNA opened at $65.25 on Monday. The company has a market capitalization of $2.56 billion, a P/E ratio of 15.43 and a beta of 1.55. The company has a 50-day moving average of $72.53 and a 200-day moving average of $74.68. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88. Synaptics has a 1-year low of $60.75 and a 1-year high of $99.99.

Insider Buying and Selling

In other news, insider Ken Rizvi bought 3,600 shares of Synaptics stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of $69.15 per share, with a total value of $248,940.00. Following the purchase, the insider now directly owns 27,630 shares of the company’s stock, valued at approximately $1,910,614.50. This trade represents a 14.98 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Synaptics

Several large investors have recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in shares of Synaptics by 20.7% during the fourth quarter. Wellington Management Group LLP now owns 556,643 shares of the software maker’s stock worth $42,483,000 after buying an additional 95,432 shares during the period. Menard Financial Group LLC bought a new stake in Synaptics during the 4th quarter valued at $37,000. Jefferies Financial Group Inc. boosted its position in Synaptics by 39.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 4,478 shares of the software maker’s stock worth $342,000 after acquiring an additional 1,259 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Synaptics by 20.4% in the fourth 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 purchasing an additional 14,531 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Synaptics in the fourth quarter worth $1,268,000. Institutional investors and hedge funds own 99.43% of the company’s stock.

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.