Synaptics Incorporated (NASDAQ:SYNA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Synaptics Incorporated (NASDAQ:SYNA) have earned an average rating of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $98.44.

Several analysts have commented on SYNA shares. Rosenblatt Securities lowered their price objective on shares of Synaptics from $130.00 to $92.00 and set a “buy” rating for the company in a report on Friday, November 8th. Needham & Company LLC lowered their price objective on shares of Synaptics from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 8th. Susquehanna raised their price objective on shares of Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. KeyCorp lowered shares of Synaptics from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Finally, TD Cowen raised their price objective on shares of Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 8th.

Insider Activity at Synaptics

In related news, insider Vikram Gupta sold 411 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total transaction of $33,549.93. Following the completion of the sale, the insider now owns 40,795 shares of the company’s stock, valued at $3,330,095.85. This trade represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Synaptics

Several institutional investors and hedge funds have recently made changes to their positions in SYNA. Barclays PLC increased its position in shares of Synaptics by 189.7% during the third quarter. Barclays PLC now owns 81,330 shares of the software maker’s stock valued at $6,309,000 after acquiring an additional 53,252 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Synaptics by 111.7% in the third quarter. BNP Paribas Financial Markets now owns 79,777 shares of the software maker’s stock worth $6,189,000 after purchasing an additional 42,101 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Synaptics by 5.8% in the third quarter. Victory Capital Management Inc. now owns 577,523 shares of the software maker’s stock worth $44,804,000 after purchasing an additional 31,565 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Synaptics by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 447,881 shares of the software maker’s stock worth $34,747,000 after purchasing an additional 17,119 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in Synaptics by 1,121.8% in the second quarter. Cubist Systematic Strategies LLC now owns 18,021 shares of the software maker’s stock worth $1,589,000 after purchasing an additional 16,546 shares during the last quarter. Institutional investors own 99.43% of the company’s stock.

Synaptics Stock Performance

Synaptics stock opened at $81.55 on Tuesday. The company has a current ratio of 4.49, a quick ratio of 4.02 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average of $79.21 and a 200-day moving average of $77.80. The firm has a market cap of $3.27 billion, a P/E ratio of 20.65 and a beta of 1.44. Synaptics has a 1-year low of $67.83 and a 1-year high of $115.85.

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.