Synaptics (NASDAQ:SYNA) Given New $105.00 Price Target at Susquehanna

Synaptics (NASDAQ:SYNA) had its price objective hoisted by Susquehanna from $95.00 to $105.00 in a report published on Wednesday,Benzinga reports. They currently have a positive rating on the software maker’s stock.

SYNA has been the subject of a number of other reports. 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. TD Cowen increased their price target on Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Rosenblatt Securities lowered their price objective on Synaptics from $130.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, KeyCorp cut Synaptics from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.44.

Synaptics Stock Down 1.7 %

SYNA stock opened at $83.36 on Wednesday. The business’s 50-day moving average price is $79.06 and its 200-day moving average price is $78.00. The stock has a market cap of $3.34 billion, a P/E ratio of 21.10 and a beta of 1.44. The company has a quick ratio of 4.02, a current ratio of 4.49 and a debt-to-equity ratio of 0.66. Synaptics has a twelve month low of $67.83 and a twelve month high of $115.85.

Insiders Place Their Bets

In other news, insider Vikram Gupta sold 411 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $81.63, for a total transaction of $33,549.93. Following the completion of the transaction, the insider now directly owns 40,795 shares in the company, valued at approximately $3,330,095.85. This represents a 1.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Synaptics

Several institutional investors have recently bought and sold shares of the business. KBC Group NV raised its position in shares of Synaptics by 87.4% during the 4th quarter. KBC Group NV now owns 1,795 shares of the software maker’s stock valued at $137,000 after buying an additional 837 shares in the last quarter. Profit Investment Management LLC increased its stake in Synaptics by 8.9% during the fourth quarter. Profit Investment Management LLC now owns 24,716 shares of the software maker’s stock worth $1,886,000 after acquiring an additional 2,029 shares during the last quarter. Barclays PLC lifted its stake in shares of Synaptics by 189.7% in the 3rd quarter. Barclays PLC now owns 81,330 shares of the software maker’s stock valued at $6,309,000 after purchasing an additional 53,252 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Synaptics in the 3rd quarter worth approximately $227,000. Finally, iSAM Funds UK Ltd bought a new position in shares of Synaptics during the 3rd quarter valued at approximately $422,000. Institutional investors own 99.43% of the company’s stock.

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.