Synaptics Incorporated (NASDAQ:SYNA) Receives $97.33 Average Target Price from Brokerages

Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) has been given an average recommendation of "Moderate Buy" by the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $97.33.

A number of brokerages recently weighed in on SYNA. Craig Hallum decreased their price target on shares of Synaptics from $105.00 to $80.00 and set a "hold" rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered their price target 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. Needham & Company LLC lowered their price target on Synaptics from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, November 8th. KeyCorp downgraded shares of Synaptics from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 8th. Finally, Susquehanna decreased their price target on Synaptics from $110.00 to $95.00 and set a "positive" rating on the stock in a research note on Monday, October 21st.

Synaptics Stock Up 1.0 %

Shares of NASDAQ:SYNA traded up $0.74 during trading hours on Thursday, hitting $75.24. The company's stock had a trading volume of 685,519 shares, compared to its average volume of 312,999. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.49 and a quick ratio of 4.02. The firm's fifty day moving average price is $73.82 and its 200 day moving average price is $82.22. Synaptics has a 52 week low of $67.83 and a 52 week high of $121.37. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 18.74 and a beta of 1.47.

Insider Buying and Selling

In other Synaptics news, insider Vikram Gupta sold 2,731 shares of the business's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $80.00, for a total value of $218,480.00. Following the transaction, the insider now directly owns 43,245 shares of the company's stock, valued at approximately $3,459,600. The trade was a 5.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 5,609 shares of company stock worth $448,720 over the last 90 days. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SYNA. GAMMA Investing LLC boosted its position in Synaptics by 261.8% in the 3rd quarter. GAMMA Investing LLC now owns 369 shares of the software maker's stock valued at $29,000 after buying an additional 267 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Synaptics during the second quarter worth approximately $67,000. Innealta Capital LLC bought a new stake in shares of Synaptics in the second quarter worth $83,000. CWM LLC raised its holdings in Synaptics by 58.1% in the third quarter. CWM LLC now owns 1,151 shares of the software maker's stock valued at $89,000 after acquiring an additional 423 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in Synaptics during the 2nd quarter valued at $141,000. 99.43% of the stock is owned by institutional investors and hedge funds.

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.