Synaptics (NASDAQ:SYNA) Given New $80.00 Price Target at Mizuho

Synaptics (NASDAQ:SYNA) had its target price decreased by Mizuho from $90.00 to $80.00 in a report released on Monday morning,Benzinga reports. Mizuho currently has an outperform rating on the software maker’s stock.

SYNA has been the topic of a number of other reports. Craig Hallum raised shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $105.00 price target on shares of Synaptics in a research report on Thursday, February 27th. Susquehanna lifted their price target on shares of Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Synaptics in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

Synaptics Stock Up 1.8 %

SYNA opened at $65.25 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 15.43 and a beta of 1.55. Synaptics has a one year low of $60.75 and a one year high of $99.99. The business’s fifty day moving average is $72.53 and its two-hundred day moving average is $74.68.

Insider Transactions at Synaptics

In other news, insider Ken Rizvi acquired 3,600 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were bought at an average price of $69.15 per share, for a total transaction of $248,940.00. Following the completion of the purchase, the insider now directly owns 27,630 shares of the company’s stock, valued at approximately $1,910,614.50. This trade represents a 14.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Synaptics

Large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in Synaptics by 20.7% in the 4th quarter. Wellington Management Group LLP now owns 556,643 shares of the software maker’s stock valued at $42,483,000 after buying an additional 95,432 shares during the last quarter. Menard Financial Group LLC acquired a new position in shares of Synaptics in the fourth quarter worth about $37,000. Jefferies Financial Group Inc. boosted its holdings in Synaptics by 39.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 4,478 shares of the software maker’s stock valued at $342,000 after purchasing an additional 1,259 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Synaptics by 20.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 85,787 shares of the software maker’s stock valued at $6,547,000 after purchasing an additional 14,531 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Synaptics during the 4th quarter valued at approximately $1,268,000. 99.43% of the stock is owned by institutional investors and hedge funds.

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.