Synaptics Incorporated (NASDAQ:SYNA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Synaptics Incorporated (NASDAQ:SYNA) have earned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $98.44.

SYNA has been the topic of several analyst reports. Susquehanna lifted their price target on shares of Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. Needham & Company LLC dropped their price target on shares of Synaptics from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Rosenblatt Securities dropped their price target on shares of Synaptics from $130.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. KeyCorp cut shares of Synaptics from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Finally, TD Cowen lifted 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.

Insider Buying and Selling at Synaptics

In other Synaptics news, insider Vikram Gupta sold 411 shares of Synaptics 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 sale, the insider now directly owns 40,795 shares in the company, valued at approximately $3,330,095.85. The trade was a 1.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.30% of the stock is currently owned by insiders.

Institutional Trading of Synaptics

A number of large investors have recently made changes to their positions in the business. Retirement Systems of Alabama increased its holdings in shares of Synaptics by 1.2% in the 4th quarter. Retirement Systems of Alabama now owns 61,208 shares of the software maker’s stock worth $4,671,000 after buying an additional 727 shares during the last quarter. KBC Group NV increased its holdings in shares of Synaptics by 87.4% in the 4th quarter. KBC Group NV now owns 1,795 shares of the software maker’s stock worth $137,000 after buying an additional 837 shares during the last quarter. Profit Investment Management LLC increased its holdings in shares of Synaptics by 8.9% in the 4th quarter. Profit Investment Management LLC now owns 24,716 shares of the software maker’s stock worth $1,886,000 after buying an additional 2,029 shares during the last quarter. Barclays PLC increased its holdings in shares of Synaptics by 189.7% in the 3rd quarter. Barclays PLC now owns 81,330 shares of the software maker’s stock worth $6,309,000 after buying an additional 53,252 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Synaptics in the 3rd quarter worth about $227,000. 99.43% of the stock is currently owned by institutional investors.

Synaptics Trading Down 2.2 %

Shares of SYNA stock opened at $81.55 on Tuesday. Synaptics has a 12-month low of $67.83 and a 12-month high of $115.85. The company has a current ratio of 4.49, a quick ratio of 4.02 and a debt-to-equity ratio of 0.66. The firm’s 50 day moving average is $79.21 and its 200 day moving average is $77.80. The stock has a market capitalization of $3.27 billion, a P/E ratio of 20.65 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.