Brokerages Set Synaptics Incorporated (NASDAQ:SYNA) Price Target at $97.33

Shares of Synaptics Incorporated (NASDAQ:SYNA) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $97.33.

A number of equities research analysts have issued reports on SYNA shares. TD Cowen upped their price target on shares of Synaptics from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 8th. Susquehanna cut their price target on Synaptics from $110.00 to $95.00 and set a “positive” rating for the company in a report on Monday, October 21st. KeyCorp lowered shares of Synaptics from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. lowered their price objective on Synaptics from $120.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Finally, Needham & Company LLC dropped their price target on shares of Synaptics from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, November 8th.

Insider Activity at Synaptics

In other news, insider Vikram Gupta sold 1,008 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $80.00, for a total value of $80,640.00. Following the completion of the sale, the insider now directly owns 45,789 shares of the company’s stock, valued at $3,663,120. This represents a 2.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 5,609 shares of company stock worth $448,720 over the last ninety days. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Synaptics

Several large investors have recently bought and sold shares of SYNA. GAMMA Investing LLC lifted its stake in Synaptics by 261.8% in the third quarter. GAMMA Investing LLC now owns 369 shares of the software maker’s stock valued at $29,000 after buying an additional 267 shares in the last quarter. Quarry LP bought a new stake in shares of Synaptics in the third quarter valued at about $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Synaptics during the second quarter worth about $67,000. Innealta Capital LLC acquired a new stake in shares of Synaptics in the second quarter valued at approximately $83,000. Finally, CWM LLC grew its position in Synaptics by 58.1% in the third quarter. CWM LLC now owns 1,151 shares of the software maker’s stock valued at $89,000 after purchasing an additional 423 shares in the last quarter. Institutional investors own 99.43% of the company’s stock.

Synaptics Stock Down 0.8 %

SYNA opened at $74.64 on Thursday. Synaptics has a twelve month low of $67.83 and a twelve month high of $121.37. 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 business has a 50 day moving average price of $73.89 and a 200 day moving average price of $82.01. The firm has a market cap of $2.99 billion, a P/E ratio of 18.90 and a beta of 1.47.

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.