Synaptics Incorporated (NASDAQ:SYNA) Receives $97.33 Consensus Price Target from Brokerages

Shares of Synaptics Incorporated (NASDAQ:SYNA) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $97.33.

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

Insider Buying and Selling at Synaptics

In related news, insider Vikram Gupta sold 411 shares of Synaptics stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total transaction of $33,549.93. Following the sale, the insider now directly owns 40,795 shares in the company, valued at $3,330,095.85. The trade was a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Trading of Synaptics

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in shares of Synaptics by 261.8% in the 3rd 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 bought a new stake in Synaptics in the third quarter worth about $31,000. CWM LLC lifted its holdings in Synaptics by 58.1% in the 3rd quarter. CWM LLC now owns 1,151 shares of the software maker’s stock valued at $89,000 after acquiring an additional 423 shares during the last quarter. Van ECK Associates Corp bought a new position in shares of Synaptics during the 3rd quarter valued at about $132,000. Finally, nVerses Capital LLC grew its stake in shares of 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 purchasing an additional 1,200 shares during the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.

Synaptics Price Performance

SYNA opened at $81.01 on Friday. 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 1-year low of $67.83 and a 1-year high of $115.85. The company has a 50-day moving average of $76.94 and a 200-day moving average of $78.65. The company has a market capitalization of $3.25 billion, a P/E ratio of 20.51 and a beta of 1.44.

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.