Synaptics Incorporated (NASDAQ:SYNA) Given Consensus Rating of “Moderate Buy” by Brokerages

Synaptics Incorporated (NASDAQ:SYNA) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $95.25.

Several equities analysts have commented on the stock. TD Cowen increased their target price on shares of Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Susquehanna raised their price target on Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Synaptics in a research report on Tuesday, February 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $92.00 price target on shares of Synaptics in a research report on Tuesday, February 4th. Finally, Craig Hallum raised Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th.

Synaptics Trading Down 4.9 %

Synaptics stock opened at $71.76 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.88 and a quick ratio of 3.36. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 16.96 and a beta of 1.45. Synaptics has a one year low of $67.16 and a one year high of $109.00. The company’s fifty day moving average price is $78.00 and its two-hundred day moving average price is $76.36.

Insider Activity at Synaptics

In related news, insider Vikram Gupta sold 411 shares of the 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 completion of the sale, the insider now owns 40,795 shares in the company, valued at approximately $3,330,095.85. This trade represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ken Rizvi bought 3,600 shares of Synaptics stock in a transaction that occurred on Monday, February 10th. The stock was bought at an average price of $69.15 per share, with a total value of $248,940.00. Following the purchase, the insider now owns 27,630 shares of the company’s stock, valued at $1,910,614.50. This trade represents a 14.98 % increase in their position. The disclosure for this purchase can be found here. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SYNA. Toronto Dominion Bank bought a new position in Synaptics during the fourth quarter worth about $152,895,000. Norges Bank bought a new position in Synaptics during the fourth quarter worth about $43,481,000. Groupama Asset Managment bought a new position in Synaptics during the fourth quarter worth about $38,160,000. TimesSquare Capital Management LLC lifted its stake in Synaptics by 46.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 526,335 shares of the software maker’s stock worth $40,170,000 after purchasing an additional 165,866 shares during the period. Finally, Deutsche Bank AG lifted its stake in Synaptics by 341.9% during the fourth quarter. Deutsche Bank AG now owns 189,398 shares of the software maker’s stock worth $14,455,000 after purchasing an additional 146,540 shares during the period. 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.