Brokerages Set Synaptics Incorporated (NASDAQ:SYNA) Target Price at $152.50

Synaptics Incorporated (NASDAQ:SYNAGet Rating) has been given an average rating of “Moderate Buy” by the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $152.50.

Several research firms have weighed in on SYNA. BMO Capital Markets cut their target price on Synaptics from $110.00 to $90.00 and set a “market perform” rating for the company in a research note on Friday, November 4th. Needham & Company LLC dropped their price target on Synaptics from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Cowen dropped their price target on Synaptics from $210.00 to $110.00 and set an “outperform” rating for the company in a research note on Monday, October 31st. Craig Hallum dropped their price target on Synaptics from $180.00 to $120.00 in a research note on Friday, November 4th. Finally, StockNews.com cut Synaptics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 18th.

Synaptics Stock Up 1.3 %

NASDAQ SYNA opened at $103.26 on Friday. The business has a fifty day moving average price of $96.33 and a two-hundred day moving average price of $119.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.86 and a quick ratio of 3.37. Synaptics has a fifty-two week low of $81.13 and a fifty-two week high of $299.39. The stock has a market capitalization of $4.12 billion, a PE ratio of 14.90 and a beta of 1.42.

Synaptics (NASDAQ:SYNAGet Rating) last released its earnings results on Thursday, November 3rd. The software maker reported $3.52 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.70. Synaptics had a return on equity of 39.05% and a net margin of 15.53%. The firm had revenue of $448.10 million during the quarter, compared to analysts’ expectations of $450.48 million. During the same period in the prior year, the company earned $1.98 earnings per share. The company’s quarterly revenue was up 20.2% on a year-over-year basis. Equities analysts expect that Synaptics will post 6.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Synaptics news, insider Dean Warren Butler sold 11,866 shares of the stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $102.52, for a total transaction of $1,216,502.32. Following the completion of the sale, the insider now directly owns 35,535 shares in the company, valued at approximately $3,643,048.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Synaptics news, insider Dean Warren Butler sold 11,866 shares of the stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $102.52, for a total transaction of $1,216,502.32. Following the completion of the sale, the insider now directly owns 35,535 shares in the company, valued at approximately $3,643,048.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP John Mcfarland sold 12,299 shares of the stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $88.50, for a total value of $1,088,461.50. Following the sale, the senior vice president now owns 11,403 shares of the company’s stock, valued at $1,009,165.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,487 shares of company stock worth $3,042,413. Company insiders own 0.80% of the company’s stock.

Institutional Trading of Synaptics

Large investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Synaptics by 10.6% in the 1st quarter. BlackRock Inc. now owns 5,014,550 shares of the software maker’s stock valued at $1,000,402,000 after buying an additional 481,832 shares during the period. Vanguard Group Inc. grew its stake in shares of Synaptics by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,031,576 shares of the software maker’s stock valued at $399,165,000 after buying an additional 81,661 shares during the period. State Street Corp grew its stake in shares of Synaptics by 4.7% in the 3rd quarter. State Street Corp now owns 1,517,214 shares of the software maker’s stock valued at $150,219,000 after buying an additional 68,091 shares during the period. Trigran Investments Inc. grew its stake in shares of Synaptics by 38.9% in the 3rd quarter. Trigran Investments Inc. now owns 688,202 shares of the software maker’s stock valued at $68,139,000 after buying an additional 192,778 shares during the period. Finally, Neuberger Berman Group LLC grew its stake in shares of Synaptics by 34.6% in the 1st quarter. Neuberger Berman Group LLC now owns 581,945 shares of the software maker’s stock valued at $116,098,000 after buying an additional 149,514 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

About Synaptics

(Get Rating)

Synaptics Incorporated develops, markets, and sells semiconductor product solutions 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 or over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.

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Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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