Synaptics Incorporated (NASDAQ:SYNA) Receives $105.44 Consensus Target Price from Analysts

Shares of Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $105.44.

Several equities research analysts have recently issued reports on SYNA shares. TD Cowen decreased their price target on shares of Synaptics from $115.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Craig Hallum reduced their price objective on shares of Synaptics from $105.00 to $80.00 and set a "hold" rating for the company in a research note on Friday, August 9th. Needham & Company LLC reduced their price objective on shares of Synaptics from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. reduced their price objective on shares of Synaptics from $120.00 to $100.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. Finally, Wells Fargo & Company reduced their price objective on shares of Synaptics from $115.00 to $95.00 and set an "equal weight" rating for the company in a research note on Friday, May 10th.

Insider Activity

In other news, insider Vikram Gupta sold 1,008 shares of the business's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $80.00, for a total transaction of $80,640.00. Following the completion of the transaction, the insider now directly owns 45,789 shares in the company, valued at approximately $3,663,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 3,652 shares of company stock worth $300,226 in the last three months. Corporate insiders own 1.20% of the company's stock.

Institutional Trading of Synaptics

A number of hedge funds have recently made changes to their positions in the stock. Heron Bay Capital Management lifted its holdings in shares of Synaptics by 1.3% during the 1st quarter. Heron Bay Capital Management now owns 9,197 shares of the software maker's stock worth $897,000 after acquiring an additional 116 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Synaptics by 3.5% during the 1st quarter. US Bancorp DE now owns 3,603 shares of the software maker's stock worth $352,000 after acquiring an additional 123 shares during the last quarter. CWM LLC lifted its holdings in shares of Synaptics by 26.0% during the 1st quarter. CWM LLC now owns 673 shares of the software maker's stock worth $66,000 after acquiring an additional 139 shares during the last quarter. Bridge City Capital LLC lifted its holdings in shares of Synaptics by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 19,092 shares of the software maker's stock worth $1,863,000 after acquiring an additional 149 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Synaptics by 0.3% during the 1st quarter. Russell Investments Group Ltd. now owns 48,665 shares of the software maker's stock worth $4,748,000 after acquiring an additional 163 shares during the last quarter. 99.43% of the stock is owned by institutional investors.

Synaptics Stock Performance

Shares of Synaptics stock traded up $0.55 during mid-day trading on Friday, hitting $81.42. 824,513 shares of the stock were exchanged, compared to its average volume of 301,513. The company has a 50-day simple moving average of $83.40 and a 200 day simple moving average of $90.94. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.78 and a current ratio of 4.19. Synaptics has a 12 month low of $67.83 and a 12 month high of $121.37. The company has a market capitalization of $3.22 billion, a P/E ratio of -30.04 and a beta of 1.47.

Synaptics (NASDAQ:SYNA - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.09. Synaptics had a net margin of 13.09% and a negative return on equity of 0.54%. The company had revenue of $247.40 million during the quarter, compared to analyst estimates of $245.17 million. During the same quarter last year, the business posted $0.01 EPS. Synaptics's quarterly revenue was up 8.8% compared to the same quarter last year. Sell-side analysts anticipate that Synaptics will post 0.72 earnings per share for the current fiscal year.

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.