Brokerages Set Synaptics Incorporated (NASDAQ:SYNA) Target Price at $95.00

Shares of Synaptics Incorporated (NASDAQ:SYNA) have earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $95.00.

A number of analysts have issued reports on the company. Susquehanna raised their price target on Synaptics from $95.00 to $105.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. Craig Hallum raised shares of Synaptics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Mizuho decreased their price target on shares of Synaptics from $90.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, March 24th. Rosenblatt Securities restated a “buy” rating and set a $105.00 price objective on shares of Synaptics in a report on Thursday, February 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Synaptics in a research note on Tuesday, February 4th.

Synaptics Stock Up 2.1 %

SYNA stock opened at $49.07 on Friday. The company has a 50 day moving average price of $61.78 and a two-hundred day moving average price of $71.84. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88. The stock has a market capitalization of $1.92 billion, a P/E ratio of 11.60 and a beta of 1.60. Synaptics has a one year low of $41.80 and a one year high of $98.00.

Insider Buying and Selling at Synaptics

In other Synaptics news, insider Ken Rizvi bought 3,600 shares of the stock in a transaction dated Monday, February 10th. The stock was bought at an average cost of $69.15 per share, for a total transaction of $248,940.00. Following the completion of the purchase, the insider now directly owns 27,630 shares of the company’s stock, valued at approximately $1,910,614.50. The trade was a 14.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Synaptics

Hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC grew its position in shares of Synaptics by 151.1% during the first quarter. Parallel Advisors LLC now owns 447 shares of the software maker’s stock worth $28,000 after buying an additional 269 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Synaptics during the 4th quarter worth $31,000. Menard Financial Group LLC bought a new stake in shares of Synaptics in the 4th quarter worth about $37,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Synaptics in the 4th quarter valued at about $43,000. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Synaptics during the fourth quarter worth about $72,000. Institutional investors and hedge funds 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.