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

Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $105.44.

Several research firms have recently weighed in on SYNA. TD Cowen reduced their price objective on Synaptics from $115.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. cut their price objective on shares of Synaptics from $120.00 to $100.00 and set an "overweight" rating on the stock in a research report on Friday, August 9th. Craig Hallum decreased their target price on shares of Synaptics from $105.00 to $80.00 and set a "hold" rating for the company in a research report on Friday, August 9th. Needham & Company LLC cut their price target on shares of Synaptics from $110.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Finally, KeyCorp lowered their target price on Synaptics from $115.00 to $100.00 and set an "overweight" rating on the stock in a research report on Friday, August 9th.

Insider Buying and Selling at Synaptics

In other news, insider Vikram Gupta sold 1,870 shares of Synaptics stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $80.00, for a total transaction of $149,600.00. Following the completion of the transaction, the insider now directly owns 46,797 shares in the company, valued at approximately $3,743,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 3,135 shares of company stock worth $252,381 over the last 90 days. Company insiders own 1.20% of the company's stock.

Institutional Trading of Synaptics

A number of hedge funds have recently modified their holdings of SYNA. Quantbot Technologies LP acquired a new stake in Synaptics during the 1st quarter worth approximately $586,000. UBS Group AG boosted its position in shares of Synaptics by 26.8% in the fourth quarter. UBS Group AG now owns 105,457 shares of the software maker's stock valued at $12,031,000 after acquiring an additional 22,308 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Synaptics by 27.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 28,815 shares of the software maker's stock valued at $2,807,000 after acquiring an additional 6,276 shares during the period. Emerald Mutual Fund Advisers Trust grew its stake in shares of Synaptics by 88.7% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 160,993 shares of the software maker's stock valued at $14,200,000 after acquiring an additional 75,680 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Synaptics by 34.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 390,251 shares of the software maker's stock worth $44,520,000 after acquiring an additional 100,150 shares during the period. Institutional investors and hedge funds own 99.43% of the company's stock.

Synaptics Stock Down 1.6 %

Shares of NASDAQ SYNA traded down $1.20 during mid-day trading on Wednesday, reaching $72.30. 354,188 shares of the company's stock were exchanged, compared to its average volume of 307,717. The company has a current ratio of 4.19, a quick ratio of 3.78 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $77.99 and a 200 day simple moving average of $87.04. Synaptics has a twelve month low of $67.83 and a twelve month high of $121.37. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of -26.68 and a beta of 1.47.

Synaptics (NASDAQ:SYNA - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $247.40 million during the quarter, compared to the consensus estimate of $245.17 million. Synaptics had a net margin of 13.09% and a negative return on equity of 0.54%. The firm's revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 earnings per share. As a group, equities analysts expect that Synaptics will post 0.72 EPS 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.