Synaptics Incorporated (NASDAQ:SYNA) Receives Average Recommendation of "Moderate Buy" from Analysts

Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $97.33.

Several equities research analysts have commented on the stock. Rosenblatt Securities lowered their target price on shares of Synaptics from $130.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Susquehanna dropped their price objective on Synaptics from $110.00 to $95.00 and set a "positive" rating on the stock in a research note on Monday, October 21st. KeyCorp cut Synaptics from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 8th. 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. Finally, Needham & Company LLC decreased their price objective on Synaptics from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, November 8th.

Synaptics Trading Down 1.8 %

Synaptics stock traded down $1.47 during trading hours on Friday, reaching $81.01. 833,606 shares of the company's stock traded hands, compared to its average volume of 848,953. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 20.51 and a beta of 1.45. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.02 and a current ratio of 4.49. Synaptics has a fifty-two week low of $67.83 and a fifty-two week high of $115.85. The firm's 50 day moving average is $76.94 and its 200-day moving average is $78.73.

Insiders Place Their Bets

In related news, insider Vikram Gupta sold 411 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total value of $33,549.93. Following the transaction, the insider now directly owns 40,795 shares in the company, valued at approximately $3,330,095.85. This represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Synaptics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SYNA. GAMMA Investing LLC boosted its position in shares of 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 acquiring an additional 267 shares in the last quarter. Quarry LP bought a new stake in Synaptics during the third quarter worth $31,000. CWM LLC boosted its holdings in shares of Synaptics by 58.1% in the 3rd quarter. CWM LLC now owns 1,151 shares of the software maker's stock valued at $89,000 after purchasing an additional 423 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of Synaptics in the 3rd quarter valued at $132,000. Finally, nVerses Capital LLC raised its stake in Synaptics by 75.0% during the third quarter. nVerses Capital LLC now owns 2,800 shares of the software maker's stock worth $217,000 after acquiring an additional 1,200 shares in the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.

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.