Synaptics Incorporated (NASDAQ:SYNA) Given Average Recommendation of “Moderate Buy” by Brokerages

Synaptics Incorporated (NASDAQ:SYNA) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $95.00.

A number of equities analysts have commented on the company. Susquehanna lifted their target price on Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Craig Hallum upgraded Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $105.00 target price on shares of Synaptics in a research note on Thursday, February 27th. Mizuho lowered their price target on shares of Synaptics from $90.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, March 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Synaptics in a report on Tuesday, February 4th.

Insider Buying and Selling

In related news, insider Ken Rizvi acquired 3,600 shares of Synaptics stock in a transaction dated Monday, February 10th. The stock was acquired at an average cost of $69.15 per share, with a total value of $248,940.00. Following the purchase, the insider now directly owns 27,630 shares in the company, valued at $1,910,614.50. The trade was a 14.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Synaptics

A number of institutional investors have recently bought and sold shares of SYNA. XTX Topco Ltd acquired a new position in shares of Synaptics in the third quarter worth about $227,000. Barclays PLC grew its position in Synaptics by 189.7% during the 3rd quarter. Barclays PLC now owns 81,330 shares of the software maker’s stock worth $6,309,000 after purchasing an additional 53,252 shares in the last quarter. Profit Investment Management LLC raised its stake in Synaptics by 8.9% during the 4th quarter. Profit Investment Management LLC now owns 24,716 shares of the software maker’s stock valued at $1,886,000 after purchasing an additional 2,029 shares during the period. KBC Group NV lifted its holdings in shares of Synaptics by 87.4% in the fourth quarter. KBC Group NV now owns 1,795 shares of the software maker’s stock valued at $137,000 after purchasing an additional 837 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its position in shares of Synaptics by 1.2% in the fourth 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 period. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Synaptics Trading Up 2.1 %

Synaptics stock opened at $49.07 on Friday. Synaptics has a 1 year low of $41.80 and a 1 year high of $98.00. The firm’s 50-day moving average is $61.78 and its 200-day moving average is $71.84. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88. The company has a market cap of $1.92 billion, a P/E ratio of 11.60 and a beta of 1.60.

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.