Synaptics Incorporated (NASDAQ:SYNA) Given Consensus Recommendation of "Moderate Buy" by Analysts

Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $95.00.

SYNA has been the topic of a number of research reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $105.00 price target on shares of Synaptics in a research note on Thursday, February 27th. Susquehanna increased their target price on Synaptics from $95.00 to $105.00 and gave the stock a "positive" rating in a report on Wednesday, January 22nd. Craig Hallum upgraded shares of Synaptics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price objective on shares of Synaptics in a report on Tuesday, February 4th. Finally, Mizuho decreased their target price on shares of Synaptics from $90.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, March 24th.

Insiders Place Their Bets

In other Synaptics news, insider Ken Rizvi bought 3,600 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was purchased at an average cost of $69.15 per share, with a total value of $248,940.00. Following the transaction, the insider now directly owns 27,630 shares in the company, valued at $1,910,614.50. This trade represents a 14.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Synaptics

Several institutional investors have recently added to or reduced their stakes in SYNA. Barclays PLC boosted its stake in Synaptics by 189.7% in the third quarter. Barclays PLC now owns 81,330 shares of the software maker's stock valued at $6,309,000 after acquiring an additional 53,252 shares during the last quarter. Vanguard Group Inc. lifted its stake in Synaptics by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 4,907,880 shares of the software maker's stock valued at $374,569,000 after purchasing an additional 93,155 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Synaptics by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 471,583 shares of the software maker's stock valued at $35,991,000 after purchasing an additional 23,702 shares during the period. Principal Financial Group Inc. increased its position in Synaptics by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 92,053 shares of the software maker's stock worth $7,025,000 after buying an additional 333 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Synaptics in the fourth quarter valued at $603,000. Institutional investors own 99.43% of the company's stock.

Synaptics Stock Up 0.1 %

SYNA traded up $0.07 during midday trading on Friday, hitting $48.14. The company had a trading volume of 57,325 shares, compared to its average volume of 462,444. The stock's 50 day moving average price is $62.19 and its 200 day moving average price is $72.03. Synaptics has a 52 week low of $41.80 and a 52 week high of $98.00. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 11.38 and a beta of 1.60. The company has a quick ratio of 3.36, a current ratio of 3.88 and a debt-to-equity ratio of 0.60.

About Synaptics

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.