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

Shares of Synaptics Incorporated (NASDAQ:SYNA) have received an average rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $97.33.

SYNA has been the subject of a number of research reports. Needham & Company LLC decreased their target price on Synaptics from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 8th. KeyCorp lowered shares of Synaptics from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. Rosenblatt Securities dropped their price objective on shares of Synaptics from $130.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, November 8th. TD Cowen raised their target price on shares of Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Susquehanna decreased their target price on shares of Synaptics from $110.00 to $95.00 and set a “positive” rating for the company in a research report on Monday, October 21st.

Insider Buying and Selling

In other news, insider Vikram Gupta sold 411 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Synaptics

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in Synaptics by 261.8% during 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 purchased a new stake in shares of Synaptics during the third quarter worth approximately $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Synaptics in the 2nd quarter valued at $67,000. Innealta Capital LLC purchased a new position in Synaptics in the 2nd quarter valued at $83,000. Finally, CWM LLC boosted its stake in Synaptics by 58.1% during the 3rd quarter. CWM LLC now owns 1,151 shares of the software maker’s stock worth $89,000 after purchasing an additional 423 shares during the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Synaptics Stock Performance

Shares of SYNA opened at $80.50 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.02 and a current ratio of 4.49. The stock has a 50-day moving average of $75.03 and a two-hundred day moving average of $80.57. The stock has a market cap of $3.22 billion, a P/E ratio of 20.38 and a beta of 1.45. Synaptics has a one year low of $67.83 and a one year high of $121.37.

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.