Synaptics (NASDAQ:SYNA) Given New $95.00 Price Target at Susquehanna

Synaptics (NASDAQ:SYNA - Free Report) had its target price trimmed by Susquehanna from $110.00 to $95.00 in a report released on Monday morning, Benzinga reports. The firm currently has a positive rating on the software maker's stock.

SYNA has been the topic of a number of other research reports. TD Cowen reduced their price objective on Synaptics from $115.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. reduced their target price 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. Needham & Company LLC cut their price objective on shares of Synaptics from $110.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. KeyCorp cut Synaptics from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 8th. Finally, Craig Hallum cut their price target on shares of Synaptics from $105.00 to $80.00 and set a "hold" rating for the company in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Synaptics has a consensus rating of "Moderate Buy" and an average target price of $101.00.

Synaptics Stock Performance

Shares of SYNA stock traded up $0.30 during trading hours on Monday, hitting $71.35. The company's stock had a trading volume of 224,625 shares, compared to its average volume of 310,242. The company has a 50 day moving average of $75.37 and a 200 day moving average of $84.08. The stock has a market cap of $2.85 billion, a PE ratio of 22.74 and a beta of 1.46. Synaptics has a 12-month low of $67.83 and a 12-month high of $121.37. The company has a current ratio of 4.19, a quick ratio of 3.78 and a debt-to-equity ratio of 0.66.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its earnings results on Thursday, August 8th. The software maker reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.09. Synaptics had a negative return on equity of 0.54% and a net margin of 13.09%. The business had revenue of $247.40 million during the quarter, compared to the consensus estimate of $245.17 million. During the same period in the prior year, the company posted $0.01 EPS. The business's quarterly revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts forecast that Synaptics will post 0.81 EPS for the current fiscal year.

Insider Transactions at Synaptics

In related news, insider Vikram Gupta sold 1,870 shares of Synaptics stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $80.00, for a total value of $149,600.00. Following the completion of the transaction, the insider now directly owns 46,797 shares of the company's stock, valued at $3,743,760. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 5,609 shares of company stock worth $448,720. Insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Heron Bay Capital Management raised its position in shares of Synaptics by 1.3% during the first 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 position in Synaptics by 3.5% during the 1st quarter. US Bancorp DE now owns 3,603 shares of the software maker's stock valued at $352,000 after purchasing an additional 123 shares during the period. CWM LLC boosted its stake in shares of Synaptics by 26.0% in the 1st quarter. CWM LLC now owns 673 shares of the software maker's stock valued at $66,000 after purchasing an additional 139 shares during the last quarter. Russell Investments Group Ltd. grew its position 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 buying an additional 163 shares during the period. Finally, Choreo LLC raised its stake in shares of Synaptics by 3.9% during the second quarter. Choreo LLC now owns 4,845 shares of the software maker's stock worth $417,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 99.43% of the company's stock.

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.