Synaptics Incorporated (NASDAQ:SYNA) Receives $125.36 Consensus Price Target from Brokerages

Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $125.36.

Several research analysts have weighed in on the stock. KeyCorp upped their price objective on shares of Synaptics from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, February 9th. Rosenblatt Securities upped their price objective on shares of Synaptics from $110.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, February 9th. Mizuho lowered their price objective on shares of Synaptics from $127.00 to $124.00 and set a "buy" rating on the stock in a report on Friday, February 9th. JPMorgan Chase & Co. assumed coverage on shares of Synaptics in a report on Friday, December 8th. They set an "overweight" rating and a $130.00 price objective on the stock. Finally, Needham & Company LLC upped their price objective on shares of Synaptics from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, February 9th.

Synaptics Stock Down 0.3 %

Shares of Synaptics stock traded down $0.26 during trading on Wednesday, reaching $94.63. 156,304 shares of the company traded hands, compared to its average volume of 284,797. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.53 and a quick ratio of 4.04. Synaptics has a 1-year low of $67.73 and a 1-year high of $121.37. The company has a 50 day moving average price of $104.09 and a 200-day moving average price of $101.02. The firm has a market capitalization of $3.72 billion, a PE ratio of -47.68 and a beta of 1.56.

Synaptics (NASDAQ:SYNA - Get Free Report) last released its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.11. Synaptics had a negative net margin of 7.54% and a positive return on equity of 3.01%. The company had revenue of $237.00 million for the quarter, compared to the consensus estimate of $235.26 million. During the same quarter in the previous year, the company earned $1.47 EPS. Synaptics's quarterly revenue was down 32.9% compared to the same quarter last year. As a group, equities research analysts expect that Synaptics will post -0.48 earnings per share for the current fiscal year.

Insider Activity at Synaptics

In other Synaptics news, insider Vikram Gupta sold 3,616 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $105.75, for a total transaction of $382,392.00. Following the completion of the transaction, the insider now owns 31,847 shares in the company, valued at $3,367,820.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Synaptics

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Synaptics by 1.6% in the third quarter. Vanguard Group Inc. now owns 4,692,436 shares of the software maker's stock valued at $419,691,000 after purchasing an additional 72,044 shares in the last quarter. Wellington Management Group LLP raised its stake in Synaptics by 3.1% in the third quarter. Wellington Management Group LLP now owns 1,329,211 shares of the software maker's stock valued at $118,885,000 after purchasing an additional 39,352 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Synaptics by 2.9% in the third quarter. Ameriprise Financial Inc. now owns 4,131,256 shares of the software maker's stock valued at $369,500,000 after purchasing an additional 116,276 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Synaptics by 10.1% in the third quarter. Eagle Asset Management Inc. now owns 99,871 shares of the software maker's stock valued at $8,932,000 after purchasing an additional 9,141 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Synaptics in the third quarter valued at approximately $2,271,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

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.