Synaptics’ (SYNA) “Hold” Rating Reaffirmed at Rosenblatt Securities
SYNA has been the topic of several other reports. Needham & Company LLC lifted their price target on shares of Synaptics to $60.00 and gave the company a buy rating in a report on Friday. BidaskClub raised shares of Synaptics from a sell rating to a hold rating in a report on Tuesday, December 18th. Zacks Investment Research lowered shares of Synaptics from a buy rating to a hold rating in a report on Wednesday, January 16th. ValuEngine raised shares of Synaptics from a sell rating to a hold rating in a report on Wednesday, October 17th. Finally, Craig Hallum reaffirmed a buy rating and set a $48.00 price target (down from $50.00) on shares of Synaptics in a report on Friday. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $51.82.
Shares of Synaptics stock opened at $41.78 on Friday. The company has a market cap of $1.44 billion, a P/E ratio of 21.10, a P/E/G ratio of 2.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.15 and a current ratio of 2.64. Synaptics has a 1 year low of $33.54 and a 1 year high of $55.25.
A number of institutional investors and hedge funds have recently bought and sold shares of SYNA. TRUE Private Wealth Advisors bought a new stake in Synaptics during the 3rd quarter worth approximately $103,000. BlueMountain Capital Management LLC bought a new stake in Synaptics during the 3rd quarter worth approximately $104,000. Dupont Capital Management Corp bought a new stake in Synaptics during the 4th quarter worth approximately $151,000. Truvestments Capital LLC bought a new stake in Synaptics during the 3rd quarter worth approximately $156,000. Finally, PNC Financial Services Group Inc. grew its holdings in Synaptics by 83.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,443 shares of the software maker’s stock worth $157,000 after acquiring an additional 1,566 shares during the last quarter. 97.97% of the stock is currently owned by hedge funds and other institutional investors.
Synaptics Company Profile
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.
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