Synaptics Incorporated (NASDAQ:SYNA) Receives $97.33 Average Price Target from Analysts

Synaptics Incorporated (NASDAQ:SYNA) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $97.33.

A number of brokerages have recently issued reports on SYNA. Needham & Company LLC dropped their target price on shares of Synaptics from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, November 8th. TD Cowen raised their price objective on Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Rosenblatt Securities decreased their target price on Synaptics from $130.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Susquehanna dropped their price objective on shares of Synaptics from $110.00 to $95.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Finally, KeyCorp downgraded shares of Synaptics from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th.

Insider Activity

In related news, insider Vikram Gupta sold 411 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $81.63, for a total value of $33,549.93. Following the completion of the transaction, the insider now owns 40,795 shares of the company’s stock, valued at $3,330,095.85. The trade was a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Synaptics

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Synaptics by 261.8% during the 3rd quarter. GAMMA Investing LLC now owns 369 shares of the software maker’s stock worth $29,000 after acquiring an additional 267 shares during the period. Quarry LP bought a new position in shares of Synaptics in the 3rd quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Synaptics during the 2nd quarter worth $67,000. Innealta Capital LLC bought a new stake in shares of Synaptics during the 2nd quarter worth $83,000. Finally, CWM LLC boosted its stake in Synaptics by 58.1% in the third quarter. CWM LLC now owns 1,151 shares of the software maker’s stock valued at $89,000 after buying an additional 423 shares in the last quarter. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Synaptics Stock Performance

NASDAQ SYNA opened at $79.46 on Monday. The firm has a market capitalization of $3.18 billion, a P/E ratio of 20.12 and a beta of 1.45. The company has a current ratio of 4.49, a quick ratio of 4.02 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average price is $75.49 and its two-hundred day moving average price is $80.22. Synaptics has a 1 year low of $67.83 and a 1 year high of $121.37.

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.