Synaptics Incorporated (NASDAQ:SYNA) Receives $98.44 Consensus PT from Analysts

Synaptics Incorporated (NASDAQ:SYNA) has been given an average recommendation of “Moderate Buy” by the nine analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $98.44.

Several equities research analysts have recently commented on SYNA shares. Rosenblatt Securities lowered their price target on shares of Synaptics from $130.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Synaptics in a research report on Wednesday, January 29th. Craig Hallum upgraded shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. KeyCorp cut shares of Synaptics from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. Finally, TD Cowen lifted their price target on shares of Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

Synaptics Trading Up 0.2 %

SYNA opened at $85.05 on Tuesday. 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 stock has a market capitalization of $3.41 billion, a PE ratio of 21.53 and a beta of 1.45. Synaptics has a 1-year low of $67.83 and a 1-year high of $115.85. The firm has a 50-day moving average price of $80.14 and a two-hundred day moving average price of $77.50.

Insider Buying and Selling

In other Synaptics news, insider Vikram Gupta sold 411 shares of Synaptics stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total value of $33,549.93. Following the transaction, the insider now owns 40,795 shares of the company’s stock, valued at approximately $3,330,095.85. The trade was a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its stake in Synaptics by 5.8% in the third quarter. Victory Capital Management Inc. now owns 577,523 shares of the software maker’s stock valued at $44,804,000 after buying an additional 31,565 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Synaptics by 46.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 526,335 shares of the software maker’s stock worth $40,170,000 after purchasing an additional 165,866 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Synaptics by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 447,881 shares of the software maker’s stock worth $34,747,000 after purchasing an additional 17,119 shares in the last quarter. Emerald Advisers LLC lifted its position in shares of Synaptics by 2.5% in the third quarter. Emerald Advisers LLC now owns 207,287 shares of the software maker’s stock worth $16,081,000 after purchasing an additional 5,004 shares in the last quarter. Finally, Peregrine Capital Management LLC lifted its position in shares of Synaptics by 210.0% in the fourth quarter. Peregrine Capital Management LLC now owns 204,829 shares of the software maker’s stock worth $15,633,000 after purchasing an additional 138,748 shares in the last quarter. Institutional investors own 99.43% of the company’s stock.

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.