Synaptics (NASDAQ:SYNA) Price Target Raised to $130.00

Synaptics (NASDAQ:SYNAFree Report) had its target price raised by Rosenblatt Securities from $110.00 to $130.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

Several other equities research analysts also recently weighed in on SYNA. Susquehanna increased their price target on Synaptics from $100.00 to $115.00 and gave the stock a positive rating in a research report on Friday, November 10th. Needham & Company LLC lifted their price objective on Synaptics from $115.00 to $125.00 and gave the stock a buy rating in a report on Friday. KeyCorp lifted their price objective on Synaptics from $115.00 to $125.00 and gave the stock an overweight rating in a report on Friday, November 10th. JPMorgan Chase & Co. began coverage on shares of Synaptics in a research note on Friday, December 8th. They issued an overweight rating and a $130.00 target price on the stock. Finally, Mizuho decreased their target price on shares of Synaptics from $115.00 to $110.00 and set a buy rating on the stock in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $125.36.

Read Our Latest Stock Report on SYNA

Synaptics Stock Performance

Shares of SYNA opened at $112.21 on Friday. Synaptics has a 12 month low of $67.73 and a 12 month high of $129.34. The stock has a fifty day moving average price of $109.26 and a 200-day moving average price of $97.28. The company has a current ratio of 4.52, a quick ratio of 3.98 and a debt-to-equity ratio of 0.81. The firm has a market cap of $4.40 billion, a PE ratio of -56.39 and a beta of 1.61.

Synaptics (NASDAQ:SYNAGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, beating the consensus estimate of $0.46 by $0.11. The firm had revenue of $237.00 million during the quarter, compared to analyst estimates of $235.26 million. Synaptics had a positive return on equity of 2.98% and a negative net margin of 7.54%. The business’s revenue for the quarter was down 32.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.47 EPS. Equities research analysts predict that Synaptics will post -0.49 earnings per share for the current fiscal year.

Insider Activity

In other news, insider John Mcfarland sold 884 shares of Synaptics stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $105.83, for a total transaction of $93,553.72. Following the sale, the insider now owns 15,183 shares of the company’s stock, valued at approximately $1,606,816.89. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Synaptics

Institutional investors have recently made changes to their positions in the company. Signaturefd LLC raised its position in shares of Synaptics by 711.8% during the 3rd quarter. Signaturefd LLC now owns 276 shares of the software maker’s stock valued at $25,000 after buying an additional 242 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of Synaptics during the 3rd quarter valued at approximately $31,000. Fifth Third Bancorp raised its position in shares of Synaptics by 92.4% during the 3rd quarter. Fifth Third Bancorp now owns 433 shares of the software maker’s stock valued at $39,000 after buying an additional 208 shares during the period. Headinvest LLC purchased a new stake in shares of Synaptics during the 3rd quarter valued at approximately $40,000. Finally, Belpointe Asset Management LLC raised its position in Synaptics by 112.9% in the first quarter. Belpointe Asset Management LLC now owns 364 shares of the software maker’s stock valued at $40,000 after purchasing an additional 193 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Synaptics Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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