Susquehanna Increases Synaptics (NASDAQ:SYNA) Price Target to $135.00

Synaptics (NASDAQ:SYNAGet Free Report) had its target price boosted by stock analysts at Susquehanna from $130.00 to $135.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “positive” rating on the software maker’s stock. Susquehanna’s price target points to a potential upside of 20.31% from the stock’s previous close.

Several other research firms have also recently commented on SYNA. JPMorgan Chase & Co. assumed coverage on Synaptics in a research note on Friday, December 8th. They set an “overweight” rating and a $130.00 target price for the company. Craig Hallum cut Synaptics from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research note on Friday. KeyCorp increased their price target on Synaptics from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. Rosenblatt Securities increased their price target on Synaptics from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. Finally, Mizuho cut their price target on Synaptics from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Synaptics currently has an average rating of “Moderate Buy” and an average target price of $125.36.

Get Our Latest Analysis on SYNA

Synaptics Trading Up 1.8 %

Shares of SYNA stock opened at $112.21 on Friday. The stock has a 50-day moving average of $109.26 and a 200-day moving average of $97.23. Synaptics has a 1-year low of $67.73 and a 1-year high of $129.34. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of -56.39 and a beta of 1.61. The company has a current ratio of 4.52, a quick ratio of 3.98 and a debt-to-equity ratio of 0.81.

Synaptics (NASDAQ:SYNAGet Free Report) last released its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.46 by $0.11. Synaptics had a positive return on equity of 2.98% and a negative net margin of 7.54%. The business had revenue of $237.00 million during the quarter, compared to analysts’ expectations of $235.26 million. During the same quarter last year, the firm posted $1.47 earnings per share. The firm’s revenue was down 32.9% on a year-over-year basis. On average, equities research analysts forecast that Synaptics will post -0.49 earnings per share for the current year.

Insider Activity

In other news, insider John Mcfarland sold 884 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $105.83, for a total value of $93,553.72. Following the transaction, the insider now owns 15,183 shares in the company, valued at $1,606,816.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new stake in Synaptics during the third quarter worth $2,271,000. Jump Financial LLC lifted its holdings in Synaptics by 165.5% during the third quarter. Jump Financial LLC now owns 64,704 shares of the software maker’s stock worth $5,787,000 after acquiring an additional 40,331 shares during the period. Bank of New York Mellon Corp lifted its holdings in Synaptics by 9.1% during the third quarter. Bank of New York Mellon Corp now owns 1,124,477 shares of the software maker’s stock worth $100,573,000 after acquiring an additional 94,015 shares during the period. Fifth Third Bancorp lifted its holdings in Synaptics by 92.4% during the third quarter. Fifth Third Bancorp now owns 433 shares of the software maker’s stock worth $39,000 after acquiring an additional 208 shares during the period. Finally, Inspire Investing LLC lifted its holdings in Synaptics by 49.8% during the second quarter. Inspire Investing LLC now owns 3,684 shares of the software maker’s stock worth $315,000 after acquiring an additional 1,224 shares during the period. Institutional investors own 91.51% of the company’s stock.

Synaptics Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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