Needham & Company LLC restated their buy rating on shares of Synaptics (NASDAQ:SYNA - Free Report) in a report issued on Tuesday morning,Benzinga reports. They currently have a $90.00 price objective on the software maker's stock.
Several other analysts have also commented on the stock. KeyCorp lowered shares of Synaptics from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 8th. Susquehanna boosted their price target on shares of Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. Craig Hallum raised shares of Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Rosenblatt Securities reissued a "buy" rating and issued a $92.00 target price on shares of Synaptics in a research report on Tuesday. Finally, TD Cowen raised their price target on Synaptics from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $98.44.
Read Our Latest Stock Analysis on SYNA
Synaptics Trading Down 4.7 %
Shares of SYNA traded down $3.50 during mid-day trading on Tuesday, reaching $71.32. The stock had a trading volume of 1,779,768 shares, compared to its average volume of 784,735. Synaptics has a 52-week low of $67.83 and a 52-week high of $115.85. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 18.06 and a beta of 1.45. The business's fifty day moving average is $79.91 and its 200 day moving average is $77.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.49 and a quick ratio of 4.02.
Insider Activity at Synaptics
In other Synaptics news, insider Vikram Gupta sold 411 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total value of $33,549.93. Following the sale, the insider now directly owns 40,795 shares of the company's stock, valued at approximately $3,330,095.85. This represents a 1.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.30% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Synaptics
Several institutional investors have recently modified their holdings of SYNA. GAMMA Investing LLC lifted its holdings 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 buying an additional 267 shares during the last quarter. Quarry LP acquired a new stake in shares of Synaptics during the 3rd quarter worth about $31,000. CWM LLC lifted its stake in Synaptics by 58.1% during the third quarter. CWM LLC now owns 1,151 shares of the software maker's stock worth $89,000 after purchasing an additional 423 shares during the last quarter. Van ECK Associates Corp acquired a new position in Synaptics in the third quarter valued at approximately $132,000. Finally, KBC Group NV increased its stake in Synaptics by 87.4% in the fourth quarter. KBC Group NV now owns 1,795 shares of the software maker's stock valued at $137,000 after purchasing an additional 837 shares during the last quarter. 99.43% of the stock is owned by hedge funds and other institutional investors.
Synaptics Company Profile
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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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