Susquehanna Increases Synaptics (NASDAQ:SYNA) Price Target to $105.00

Synaptics (NASDAQ:SYNA) had its price target increased by analysts at Susquehanna from $95.00 to $105.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the software maker’s stock. Susquehanna’s price objective would indicate a potential upside of 23.81% from the company’s current price.

Other research analysts also recently issued research reports about the company. KeyCorp downgraded Synaptics from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Needham & Company LLC reduced their price objective on Synaptics from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Rosenblatt Securities decreased their target price 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. Finally, TD Cowen lifted their price target on Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.44.

Synaptics Trading Up 1.6 %

Shares of SYNA opened at $84.81 on Wednesday. Synaptics has a one year low of $67.83 and a one year high of $115.85. The stock has a 50-day moving average price of $78.69 and a 200 day moving average price of $77.99. 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 company has a market capitalization of $3.40 billion, a P/E ratio of 21.47 and a beta of 1.44.

Insiders Place Their Bets

In other news, insider Vikram Gupta sold 411 shares of the stock in a transaction 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 owns 40,795 shares in the company, valued at $3,330,095.85. This represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Diversified Trust Co grew its stake in Synaptics by 6.7% during the 3rd quarter. Diversified Trust Co now owns 3,997 shares of the software maker’s stock valued at $310,000 after acquiring an additional 251 shares in the last quarter. GAMMA Investing LLC grew its position in Synaptics by 261.8% during the third quarter. GAMMA Investing LLC now owns 369 shares of the software maker’s stock valued at $29,000 after purchasing an additional 267 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Synaptics by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 4,547 shares of the software maker’s stock valued at $352,000 after buying an additional 310 shares during the period. Quarry LP purchased a new stake in Synaptics in the 3rd quarter worth approximately $31,000. Finally, CWM LLC boosted its stake in shares of Synaptics by 58.1% during the 3rd quarter. CWM LLC now owns 1,151 shares of the software maker’s stock valued at $89,000 after buying an additional 423 shares during the period. 99.43% of the stock is owned by institutional investors and hedge funds.

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.