Synaptics Incorporated (NASDAQ:SYNA) Receives $97.33 Average PT from Analysts

Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) has received an average rating of "Moderate Buy" from the nine research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $97.33.

Several research firms recently issued reports on SYNA. KeyCorp cut shares of Synaptics from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 8th. Susquehanna dropped their target price on shares of Synaptics from $110.00 to $95.00 and set a "positive" rating for the company in a report on Monday, October 21st. Rosenblatt Securities dropped their target price on shares of Synaptics from $130.00 to $92.00 and set a "buy" rating for the company in a report on Friday, November 8th. Needham & Company LLC dropped their target price on shares of Synaptics from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, November 8th. Finally, TD Cowen increased their target price on shares of Synaptics from $90.00 to $100.00 and gave the company a "buy" rating in a report on Friday, November 8th.

Synaptics Stock Performance

NASDAQ SYNA traded up $1.86 during trading hours on Monday, hitting $82.36. 417,441 shares of the stock were exchanged, compared to its average volume of 336,799. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 20.85 and a beta of 1.45. Synaptics has a 12-month low of $67.83 and a 12-month high of $121.37. The stock has a 50-day moving average of $75.13 and a 200 day moving average of $80.52. The company has a quick ratio of 4.02, a current ratio of 4.49 and a debt-to-equity ratio of 0.66.

Insider Transactions at Synaptics

In related news, insider Vikram Gupta sold 411 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total transaction of $33,549.93. Following the sale, the insider now owns 40,795 shares in the company, valued at approximately $3,330,095.85. This trade represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company's stock.

Institutional Trading of Synaptics

Hedge funds have recently bought and sold shares of the company. Algert Global LLC boosted its position in Synaptics by 44.9% during the third quarter. Algert Global LLC now owns 50,797 shares of the software maker's stock worth $3,941,000 after acquiring an additional 15,750 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Synaptics by 15,571.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 814,912 shares of the software maker's stock valued at $71,875,000 after acquiring an additional 809,712 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Synaptics by 111.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 79,777 shares of the software maker's stock valued at $6,189,000 after acquiring an additional 42,101 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Synaptics by 88.7% during the 2nd 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, Squarepoint Ops LLC purchased a new stake in Synaptics during the 2nd quarter worth $941,000. 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.