Synaptics Incorporated (NASDAQ:SYNA) Receives $125.36 Consensus PT from Brokerages

Shares of Synaptics Incorporated (NASDAQ:SYNA) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $125.36.

Several analysts have weighed in on SYNA shares. Craig Hallum cut shares of Synaptics from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research note on Friday, February 9th. StockNews.com upgraded shares of Synaptics from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. KeyCorp lifted their price objective on shares of Synaptics from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Mizuho dropped their price objective on shares of Synaptics from $127.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Finally, Susquehanna lifted their price objective on shares of Synaptics from $130.00 to $135.00 and gave the stock a “positive” rating in a research note on Friday, February 9th.

Insider Activity

In related news, insider Vikram Gupta sold 3,616 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $105.75, for a total transaction of $382,392.00. Following the completion of the transaction, the insider now directly owns 31,847 shares in the company, valued at approximately $3,367,820.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Synaptics

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates grew its holdings in Synaptics by 48.6% during the 1st quarter. Raymond James & Associates now owns 4,571 shares of the software maker’s stock worth $912,000 after acquiring an additional 1,495 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Synaptics by 10.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,352 shares of the software maker’s stock worth $270,000 after acquiring an additional 128 shares during the last quarter. Bank of Montreal Can grew its holdings in Synaptics by 27.5% during the 1st quarter. Bank of Montreal Can now owns 3,829 shares of the software maker’s stock worth $809,000 after acquiring an additional 826 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in Synaptics by 10.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 22,202 shares of the software maker’s stock worth $4,558,000 after acquiring an additional 2,052 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in Synaptics by 114.0% during the 1st quarter. Vontobel Holding Ltd. now owns 5,372 shares of the software maker’s stock worth $1,072,000 after acquiring an additional 2,862 shares during the last quarter. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Synaptics Stock Performance

Shares of SYNA stock opened at $93.32 on Wednesday. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of -46.89 and a beta of 1.56. The company has a debt-to-equity ratio of 0.79, a quick ratio of 4.04 and a current ratio of 4.53. The company has a 50-day simple moving average of $103.08 and a 200 day simple moving average of $101.21. Synaptics has a 52 week low of $67.73 and a 52 week high of $121.37.

Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping the consensus estimate 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 business had revenue of $237.00 million during the quarter, compared to the consensus estimate of $235.26 million. During the same quarter in the previous year, the firm posted $1.47 EPS. Synaptics’s revenue was down 32.9% compared to the same quarter last year. On average, sell-side analysts predict that Synaptics will post -0.48 earnings per share for the current year.

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.