Synaptics Incorporated (NASDAQ:SYNA) Given Average Rating of "Moderate Buy" by Analysts

Shares of Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) have earned an average rating of "Moderate Buy" from the eight ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $96.88.

A number of research firms have issued reports on SYNA. Rosenblatt Securities restated a "buy" rating and set a $105.00 price target on shares of Synaptics in a report on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price target on shares of Synaptics in a research report on Tuesday, February 4th. Craig Hallum upgraded shares of Synaptics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Susquehanna upped their price objective on shares of Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd.

Synaptics Stock Up 1.0 %

Shares of NASDAQ:SYNA traded up $0.65 on Wednesday, reaching $65.67. The company had a trading volume of 236,011 shares, compared to its average volume of 418,655. The stock has a 50-day moving average price of $73.25 and a 200 day moving average price of $74.92. The company has a quick ratio of 3.36, a current ratio of 3.88 and a debt-to-equity ratio of 0.60. Synaptics has a twelve month low of $60.75 and a twelve month high of $102.99. The stock has a market capitalization of $2.57 billion, a P/E ratio of 15.52 and a beta of 1.56.

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Insider Buying and Selling at Synaptics

In related news, insider Ken Rizvi purchased 3,600 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average price of $69.15 per share, with a total value of $248,940.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System increased its position in Synaptics by 1.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker's stock valued at $847,000 after buying an additional 200 shares in the last quarter. State of Michigan Retirement System increased its position in shares of Synaptics by 2.1% during the 4th quarter. State of Michigan Retirement System now owns 9,533 shares of the software maker's stock valued at $728,000 after purchasing an additional 200 shares during the last quarter. Arizona State Retirement System lifted its stake in Synaptics by 1.8% in the fourth quarter. Arizona State Retirement System now owns 11,573 shares of the software maker's stock valued at $883,000 after purchasing an additional 200 shares during the last quarter. Bridge City Capital LLC lifted its holdings in Synaptics by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 22,511 shares of the software maker's stock valued at $1,718,000 after purchasing an additional 201 shares during the last quarter. Finally, Inspire Advisors LLC grew its stake in Synaptics by 2.7% in the 4th quarter. Inspire Advisors LLC now owns 8,175 shares of the software maker's stock valued at $624,000 after buying an additional 212 shares in the last quarter. 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.