Analysts Set Synaptics Incorporated (NASDAQ:SYNA) Target Price at $97.33

Synaptics Incorporated (NASDAQ:SYNA) has been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $97.33.

Several equities research analysts have recently issued reports on the stock. TD Cowen raised their price target on shares of Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. KeyCorp downgraded Synaptics from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. Needham & Company LLC dropped their price target on Synaptics from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Rosenblatt Securities decreased their price objective on Synaptics from $130.00 to $92.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, Susquehanna lowered 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.

Synaptics Stock Performance

NASDAQ SYNA opened at $81.17 on Friday. The company has a market capitalization of $3.25 billion, a PE ratio of 20.55 and a beta of 1.44. 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 52-week low of $67.83 and a 52-week high of $115.85. The company has a 50-day simple moving average of $77.22 and a 200 day simple moving average of $78.47.

Insider Buying and Selling at Synaptics

In other Synaptics news, insider Vikram Gupta sold 411 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total value of $33,549.93. Following the completion of the transaction, the insider now directly owns 40,795 shares of the company’s stock, valued at $3,330,095.85. This trade represents a 1.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Synaptics

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in Synaptics by 261.8% during the third quarter. GAMMA Investing LLC now owns 369 shares of the software maker’s stock worth $29,000 after buying an additional 267 shares in the last quarter. Quarry LP purchased a new stake in Synaptics in the third quarter valued at approximately $31,000. CWM LLC lifted its position in Synaptics by 58.1% during the third quarter. CWM LLC now owns 1,151 shares of the software maker’s stock valued at $89,000 after purchasing an additional 423 shares during the last quarter. Van ECK Associates Corp purchased a new position in Synaptics in the 3rd quarter worth approximately $132,000. Finally, nVerses Capital LLC grew its stake in Synaptics by 75.0% in the 3rd quarter. nVerses Capital LLC now owns 2,800 shares of the software maker’s stock worth $217,000 after buying an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors 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.