Synaptics Incorporated (NASDAQ:SYNA) Receives $95.00 Consensus Target Price from Analysts

Synaptics Incorporated (NASDAQ:SYNA) has been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $95.00.

A number of brokerages recently issued reports on SYNA. Rosenblatt Securities restated a “buy” rating and issued a $105.00 target price on shares of Synaptics in a research note on Thursday, February 27th. Craig Hallum upgraded Synaptics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Mizuho dropped their target price on Synaptics from $90.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, March 24th. Susquehanna raised their price target on shares of Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Finally, 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.

Synaptics Trading Up 2.1 %

NASDAQ SYNA opened at $49.07 on Friday. Synaptics has a 12-month low of $41.80 and a 12-month high of $98.00. The company has a fifty day simple moving average of $61.40 and a two-hundred day simple moving average of $71.62. 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 $1.92 billion, a P/E ratio of 11.60 and a beta of 1.60.

Insider Buying and Selling

In other Synaptics news, insider Ken Rizvi purchased 3,600 shares of Synaptics stock in a transaction that occurred on 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 acquisition, the insider now owns 27,630 shares of the company’s stock, valued at $1,910,614.50. This trade represents a 14.98 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by insiders.

Institutional Trading of Synaptics

Several institutional investors have recently bought and sold shares of SYNA. Toronto Dominion Bank acquired a new position in shares of Synaptics during the 4th quarter worth about $152,895,000. Norges Bank purchased a new stake in shares of Synaptics during the fourth quarter worth $43,481,000. Groupama Asset Managment acquired a new stake in shares of Synaptics in the fourth quarter valued at about $38,160,000. TimesSquare Capital Management LLC lifted its stake 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 buying an additional 165,866 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Synaptics by 341.9% during the fourth quarter. Deutsche Bank AG now owns 189,398 shares of the software maker’s stock worth $14,455,000 after acquiring an additional 146,540 shares during the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.

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.