Brokerages Set Synaptics Incorporated (SYNA) Target Price at $53.17
Shares of Synaptics Incorporated (NASDAQ:SYNA) have earned a consensus rating of “Hold” from the nineteen ratings firms that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $53.17.
Several equities analysts have issued reports on the company. Stifel Nicolaus reissued a “buy” rating on shares of Synaptics in a research note on Thursday, September 14th. Oppenheimer Holdings, Inc. reissued an “underperform” rating and issued a $35.00 price target on shares of Synaptics in a research note on Thursday, September 14th. KeyCorp reissued an “overweight” rating on shares of Synaptics in a research note on Thursday, September 14th. Zacks Investment Research raised Synaptics from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Thursday, August 31st. Finally, BidaskClub lowered Synaptics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd.
Shares of Synaptics (NASDAQ:SYNA) traded down 0.31% during mid-day trading on Friday, reaching $38.26. 847,395 shares of the company’s stock traded hands. Synaptics has a 12 month low of $37.39 and a 12 month high of $69.45. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 27.93 and a beta of 1.20. The company has a 50 day moving average of $39.94 and a 200 day moving average of $49.62.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The firm had revenue of $426.50 million for the quarter, compared to analyst estimates of $426.49 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The company’s revenue was up 31.7% compared to the same quarter last year. Analysts expect that Synaptics will post $4.55 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This story was first published by Watch List News and is owned by of Watch List News. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.watchlistnews.com/brokerages-set-synaptics-incorporated-syna-target-price-at-53-17/1608546.html.
A number of institutional investors have recently made changes to their positions in SYNA. Harbour Capital Advisors LLC bought a new stake in Synaptics during the first quarter worth $104,000. Highlander Capital Management LLC bought a new stake in Synaptics during the second quarter worth $104,000. Riverhead Capital Management LLC grew its holdings in Synaptics by 95.0% during the second quarter. Riverhead Capital Management LLC now owns 2,730 shares of the software maker’s stock worth $141,000 after buying an additional 1,330 shares in the last quarter. LS Investment Advisors LLC grew its holdings in Synaptics by 17.9% during the second quarter. LS Investment Advisors LLC now owns 2,775 shares of the software maker’s stock worth $143,000 after buying an additional 421 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Synaptics by 51.0% during the second quarter. PNC Financial Services Group Inc. now owns 2,806 shares of the software maker’s stock worth $145,000 after buying an additional 948 shares in the last quarter. Institutional investors and hedge funds own 97.74% of the company’s stock.
Synaptics Company Profile
Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.
Receive News & Ratings for Synaptics Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synaptics Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.