Synaptics Incorporated (NASDAQ:SYNA) Stock Has Consensus Target Price of $126.40

Shares of Synaptics Incorporated (NASDAQ:SYNA) have been given an average recommendation of “Hold” by the fourteen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $126.40.

SYNA has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Synaptics in a report on Wednesday, November 4th. Craig Hallum set a $105.00 target price on shares of Synaptics in a research note on Friday, August 7th. Zacks Research cut shares of Synaptics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Rosenblatt Securities lifted their price target on Synaptics from $115.00 to $123.00 and gave the stock a “neutral” rating in a research note on Friday, October 2nd. Finally, Susquehanna dropped their price target on Synaptics from $140.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 21st.

Synaptics Price Performance

SYNA stock opened at $117.86 on Monday. The stock’s 50 day moving average is $109.30 and its two-hundred day moving average is $103.85. Synaptics has a 52-week low of $58.28 and a 52-week high of $149.11. The company has a market capitalization of $4.68 billion, a PE ratio of 89.17 and a beta of 1.94. The company has a quick ratio of 0.87, a current ratio of 1.15 and a debt-to-equity ratio of 0.43.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, November 5th. The software maker reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.01. The business had revenue of $294.00 million during the quarter, compared to the consensus estimate of $315.56 million. Synaptics had a negative net margin of 40.70% and a positive return on equity of 5.11%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 earnings per share. Analysts predict that Synaptics will post 1.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Synaptics

In other Synaptics news, insider Vikram Gupta sold 4,277 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $94.49, for a total transaction of $404,133.73. Following the sale, the insider directly owned 99,191 shares of the company’s stock, valued at approximately $9,372,557.59. This represents a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lisa Bodensteiner sold 334 shares of the firm’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $92.63, for a total transaction of $30,938.42. Following the completion of the transaction, the insider owned 77,518 shares in the company, valued at approximately $7,180,492.34. The trade was a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 15,591 shares of company stock worth $1,571,750 over the last 90 days. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Synaptics

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. bought a new stake in shares of Synaptics in the 3rd quarter worth approximately $1,015,000. Private Advisor Group LLC bought a new stake in Synaptics in the third quarter valued at $212,000. Russell Investments Group Ltd. lifted its stake in Synaptics by 25.0% in the third quarter. Russell Investments Group Ltd. now owns 56,738 shares of the software maker’s stock valued at $5,753,000 after buying an additional 11,337 shares during the last quarter. New York Life Investment Management LLC bought a new stake in Synaptics in the third quarter valued at $4,979,000. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in shares of Synaptics by 53.3% during the third quarter. Ashton Thomas Private Wealth LLC now owns 4,200 shares of the software maker’s stock valued at $426,000 after acquiring an additional 1,461 shares during the period. 99.43% of the stock is currently owned by institutional investors and hedge funds.

About Synaptics

Synaptics Incorporated (NASDAQ: SYNA) develops semiconductor products and software that enable people to interact with electronic devices. Its technologies are used in personal computers, mobile devices, automotive systems and Internet of Things (IoT) products. The company’s offerings include touch controllers, touchpads, fingerprint sensors and display drivers, as well as wireless connectivity, audio and video processing, and edge-computing solutions. Synaptics sells primarily to device makers and other technology companies that incorporate its products into consumer and commercial electronics.