Synaptics Incorporated (NASDAQ:SYNA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Synaptics Incorporated (NASDAQ:SYNA) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $96.88.

Several equities analysts have recently commented on SYNA shares. Susquehanna upped their price objective on shares of Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Synaptics in a research note on Tuesday, February 4th. TD Cowen increased their price target on shares of Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Craig Hallum raised shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $105.00 price target on shares of Synaptics in a research note on Thursday.

Insiders Place Their Bets

In other Synaptics news, insider Vikram Gupta sold 411 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total value of $33,549.93. Following the sale, the insider now owns 40,795 shares in the company, valued at approximately $3,330,095.85. This represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ken Rizvi acquired 3,600 shares of the business’s stock in a transaction on Monday, February 10th. The stock was acquired at an average price of $69.15 per share, for a total transaction of $248,940.00. Following the acquisition, the insider now 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 disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Synaptics

Hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC grew its holdings in shares of Synaptics by 58.1% during the third quarter. CWM LLC now owns 1,151 shares of the software maker’s stock valued at $89,000 after buying an additional 423 shares during the last quarter. Creative Planning grew its holdings in shares of Synaptics by 113.4% during the third quarter. Creative Planning now owns 8,942 shares of the software maker’s stock valued at $694,000 after buying an additional 4,752 shares during the last quarter. CWC Advisors LLC. purchased a new stake in shares of Synaptics during the third quarter valued at approximately $297,000. State of Alaska Department of Revenue grew its holdings in shares of Synaptics by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 4,547 shares of the software maker’s stock valued at $352,000 after buying an additional 310 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of Synaptics by 8.0% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 192,003 shares of the software maker’s stock valued at $14,896,000 after buying an additional 14,181 shares during the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Synaptics Stock Performance

Shares of NASDAQ:SYNA opened at $66.14 on Friday. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 15.64 and a beta of 1.45. The company has a 50-day moving average price of $77.26 and a 200-day moving average price of $76.26. The company has a current ratio of 3.88, a quick ratio of 3.36 and a debt-to-equity ratio of 0.60. Synaptics has a 12 month low of $64.50 and a 12 month high of $109.00.

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.