Synaptics Incorporated (NASDAQ:SYNA) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Synaptics Incorporated (NASDAQ:SYNA) have received a consensus rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $97.33.

Several equities research analysts have recently weighed in on SYNA shares. Rosenblatt Securities decreased their target price on Synaptics from $130.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Susquehanna cut their price target on Synaptics from $110.00 to $95.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. JPMorgan Chase & Co. cut their price target on Synaptics from $120.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Needham & Company LLC cut their price target on Synaptics from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Craig Hallum cut their price target on Synaptics from $105.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, August 9th.

Synaptics Price Performance

Shares of NASDAQ SYNA opened at $74.50 on Thursday. Synaptics has a 1-year low of $67.83 and a 1-year high of $121.37. The business has a 50-day moving average of $73.82 and a 200-day moving average of $82.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.49 and a quick ratio of 4.02. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 18.86 and a beta of 1.47.

Insider Transactions at Synaptics

In other news, insider Vikram Gupta sold 1,008 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $80.00, for a total transaction of $80,640.00. Following the sale, the insider now directly owns 45,789 shares in the company, valued at approximately $3,663,120. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have sold 5,609 shares of company stock worth $448,720. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Synaptics

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. boosted its stake in Synaptics by 15,571.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 814,912 shares of the software maker’s stock valued at $71,875,000 after purchasing an additional 809,712 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Synaptics by 18.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,259,106 shares of the software maker’s stock valued at $111,053,000 after purchasing an additional 193,182 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Synaptics by 39.1% during the 2nd quarter. Victory Capital Management Inc. now owns 545,958 shares of the software maker’s stock valued at $48,153,000 after purchasing an additional 153,434 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in Synaptics during the 1st quarter valued at $13,065,000. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in Synaptics by 88.7% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 160,993 shares of the software maker’s stock valued at $14,200,000 after purchasing an additional 75,680 shares in the last quarter. 99.43% of the stock is owned by institutional investors.

About Synaptics

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.