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

Synaptics Incorporated (NASDAQ:SYNA) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $95.25.

SYNA has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Synaptics in a report on Tuesday, February 4th. Rosenblatt Securities restated a “buy” rating and set a $92.00 price objective on shares of Synaptics in a research report on Tuesday, February 4th. TD Cowen boosted their target price on shares of Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 8th. 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. Finally, Craig Hallum raised shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th.

Insider Buying and Selling at Synaptics

In other news, insider Vikram Gupta sold 411 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $81.63, for a total value of $33,549.93. Following the completion of the sale, the insider now directly owns 40,795 shares in the company, valued at $3,330,095.85. This represents a 1.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ken Rizvi bought 3,600 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were purchased at an average price of $69.15 per share, for a total transaction of $248,940.00. Following the purchase, the insider now owns 27,630 shares in the company, valued at $1,910,614.50. This trade represents a 14.98 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Synaptics

Large investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Synaptics by 20.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 85,787 shares of the software maker’s stock worth $6,547,000 after purchasing an additional 14,531 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Synaptics during the 4th quarter valued at $1,268,000. Twinbeech Capital LP raised its stake in Synaptics by 183.3% in the fourth quarter. Twinbeech Capital LP now owns 40,759 shares of the software maker’s stock valued at $3,111,000 after buying an additional 26,373 shares during the last quarter. Two Sigma Investments LP grew its position in Synaptics by 26.9% during the 4th quarter. Two Sigma Investments LP now owns 168,814 shares of the software maker’s stock worth $12,884,000 after purchasing an additional 35,769 shares during the last quarter. Finally, Toronto Dominion Bank acquired a new stake in Synaptics during the 4th quarter worth about $152,895,000. 99.43% of the stock is owned by institutional investors.

Synaptics Trading Down 0.5 %

Shares of Synaptics stock opened at $68.03 on Friday. Synaptics has a 12-month low of $67.16 and a 12-month high of $109.00. The stock has a market cap of $2.67 billion, a P/E ratio of 16.08 and a beta of 1.45. The business’s 50 day moving average is $77.45 and its 200-day moving average is $76.34. The company has a quick ratio of 3.36, a current ratio of 3.88 and a debt-to-equity ratio of 0.60.

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.