Rosenblatt Securities Boosts Synaptics (NASDAQ:SYNA) Price Target to $130.00

Synaptics (NASDAQ:SYNAFree Report) had its price objective increased by Rosenblatt Securities from $110.00 to $130.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

Several other equities analysts have also weighed in on SYNA. Mizuho cut their target price on Synaptics from $115.00 to $110.00 and set a buy rating on the stock in a research note on Friday, November 10th. StockNews.com lowered Synaptics from a hold rating to a sell rating in a research report on Monday, January 29th. TD Cowen raised their price target on Synaptics from $115.00 to $135.00 and gave the stock an outperform rating in a research report on Friday. Susquehanna raised their price target on Synaptics from $100.00 to $115.00 and gave the stock a positive rating in a research report on Friday, November 10th. Finally, Craig Hallum lowered Synaptics from a buy rating to a hold rating and set a $105.00 price target on the stock. in a research report on Friday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Synaptics has a consensus rating of Moderate Buy and a consensus target price of $125.36.

View Our Latest Research Report on Synaptics

Synaptics Trading Up 1.3 %

NASDAQ SYNA opened at $113.68 on Friday. Synaptics has a 12 month low of $67.73 and a 12 month high of $129.34. The stock has a 50-day simple moving average of $109.53 and a 200 day simple moving average of $97.46. The company has a current ratio of 4.53, a quick ratio of 4.04 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $4.47 billion, a PE ratio of -57.13 and a beta of 1.61.

Synaptics (NASDAQ:SYNAGet Free Report) last released its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.11. Synaptics had a positive return on equity of 3.01% and a negative net margin of 7.54%. The firm had revenue of $237.00 million for the quarter, compared to analyst estimates of $235.26 million. During the same quarter in the prior year, the firm posted $1.47 earnings per share. The company’s quarterly revenue was down 32.9% on a year-over-year basis. Research analysts forecast that Synaptics will post -0.49 EPS for the current year.

Insider Activity at Synaptics

In related news, insider John Mcfarland sold 884 shares of Synaptics 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 sale, the insider now owns 15,183 shares of the company’s stock, valued at approximately $1,606,816.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SYNA. Raymond James & Associates grew its stake in Synaptics by 48.6% in the first quarter. Raymond James & Associates now owns 4,571 shares of the software maker’s stock valued at $912,000 after purchasing an additional 1,495 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Synaptics by 10.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,352 shares of the software maker’s stock valued at $270,000 after purchasing an additional 128 shares in the last quarter. Bank of Montreal Can grew its stake in Synaptics by 27.5% in the first quarter. Bank of Montreal Can now owns 3,829 shares of the software maker’s stock valued at $809,000 after purchasing an additional 826 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Synaptics by 10.2% in the first quarter. Great West Life Assurance Co. Can now owns 22,202 shares of the software maker’s stock valued at $4,558,000 after purchasing an additional 2,052 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in shares of Synaptics by 114.0% during the 1st quarter. Vontobel Holding Ltd. now owns 5,372 shares of the software maker’s stock worth $1,072,000 after acquiring an additional 2,862 shares during the period. 91.51% of the stock is currently owned by institutional investors.

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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