Synaptics (NASDAQ:SYNA - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Rosenblatt Securities in a research note issued to investors on Thursday, Benzinga reports. They currently have a $130.00 price target on the software maker's stock. Rosenblatt Securities' target price would indicate a potential upside of 89.31% from the stock's current price.
A number of other research firms have also commented on SYNA. KeyCorp lowered shares of Synaptics from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 8th. 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. Susquehanna decreased their price target on shares of Synaptics from $110.00 to $95.00 and set a "positive" rating for the company in a research note on Monday, October 21st. Craig Hallum decreased their price target 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $101.00.
Check Out Our Latest Report on SYNA
Synaptics Price Performance
SYNA stock traded down $3.97 during midday trading on Thursday, reaching $68.67. The company had a trading volume of 223,522 shares, compared to its average volume of 306,657. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.19 and a quick ratio of 3.78. Synaptics has a 1 year low of $67.83 and a 1 year high of $121.37. The company has a market capitalization of $2.71 billion, a P/E ratio of -25.51 and a beta of 1.46. The firm has a 50-day moving average price of $74.87 and a 200-day moving average price of $83.00.
Synaptics (NASDAQ:SYNA - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The software maker reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $245.17 million. During the same quarter in the prior year, the company earned $0.01 EPS. The firm's revenue was up 8.8% on a year-over-year basis. On average, research analysts anticipate that Synaptics will post 0.81 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider Vikram Gupta sold 1,008 shares of the firm's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $80.00, for a total value of $80,640.00. Following the transaction, the insider now owns 45,789 shares of the company's stock, valued at approximately $3,663,120. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 5,609 shares of company stock valued at $448,720. 1.20% of the stock is owned by insiders.
Institutional Investors Weigh In On Synaptics
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SYNA. GAMMA Investing LLC raised its stake in Synaptics by 261.8% during the 3rd quarter. GAMMA Investing LLC now owns 369 shares of the software maker's stock worth $29,000 after acquiring an additional 267 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Synaptics during the 2nd quarter worth approximately $67,000. Innealta Capital LLC bought a new stake in Synaptics during the 2nd quarter worth approximately $83,000. CWM LLC raised its stake in Synaptics by 58.1% during the 3rd quarter. CWM LLC now owns 1,151 shares of the software maker's stock worth $89,000 after acquiring an additional 423 shares during the period. Finally, Van ECK Associates Corp bought a new stake in shares of Synaptics during the third quarter valued at approximately $132,000. Institutional investors own 99.43% of the company's stock.
About Synaptics
(
Get Free Report)
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.
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