Synaptics Incorporated (NASDAQ:SYNA) Receives $118.40 Consensus PT from Analysts

Shares of Synaptics Incorporated (NASDAQ:SYNA) have been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $118.40.

A number of research analysts have issued reports on SYNA shares. StockNews.com raised shares of Synaptics from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. Susquehanna boosted their price objective on shares of Synaptics from $130.00 to $135.00 and gave the company a “positive” rating in a research report on Friday, February 9th. Rosenblatt Securities boosted their price objective on shares of Synaptics from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Craig Hallum downgraded shares of Synaptics from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research report on Friday, February 9th. Finally, TD Cowen boosted their price objective on shares of Synaptics from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, February 9th.

Synaptics Trading Up 0.3 %

NASDAQ:SYNA opened at $89.96 on Friday. The company has a fifty day moving average of $96.16 and a 200 day moving average of $101.04. Synaptics has a 52 week low of $67.73 and a 52 week high of $121.37. The company has a quick ratio of 4.04, a current ratio of 4.53 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $3.54 billion, a P/E ratio of -45.21 and a beta of 1.56.

Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. Synaptics had a negative net margin of 7.54% and a positive return on equity of 3.01%. The company had revenue of $237.00 million during the quarter, compared to analyst estimates of $235.26 million. During the same period in the prior year, the business posted $1.47 EPS. The firm’s revenue was down 32.9% compared to the same quarter last year. On average, research analysts predict that Synaptics will post -0.48 earnings per share for the current year.

Insider Transactions at Synaptics

In other news, insider Vikram Gupta sold 3,616 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $105.75, for a total value of $382,392.00. Following the sale, the insider now directly owns 31,847 shares of the company’s stock, valued at approximately $3,367,820.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Synaptics

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC boosted its stake in Synaptics by 711.8% in the 3rd quarter. Signaturefd LLC now owns 276 shares of the software maker’s stock worth $25,000 after purchasing an additional 242 shares in the last quarter. Venturi Wealth Management LLC bought a new position in Synaptics in the 3rd quarter worth about $31,000. Fifth Third Bancorp boosted its stake in Synaptics by 92.4% in the 3rd quarter. Fifth Third Bancorp now owns 433 shares of the software maker’s stock worth $39,000 after purchasing an additional 208 shares in the last quarter. Headinvest LLC bought a new position in Synaptics during the 3rd quarter valued at about $40,000. Finally, Covestor Ltd lifted its stake in Synaptics by 180.3% during the 3rd quarter. Covestor Ltd now owns 639 shares of the software maker’s stock valued at $57,000 after acquiring an additional 411 shares during the period. Institutional investors own 99.43% of the company’s stock.

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.