Synaptics Incorporated (NASDAQ:SYNA) Receives $93.75 Consensus PT from Analysts

Shares of Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) have been assigned a consensus recommendation of "Buy" from the eight research firms that are currently covering the company, MarketBeat reports. One research analyst has 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 price target among brokers that have issued ratings on the stock in the last year is $93.75.

Separately, Needham & Company LLC assumed coverage on Synaptics in a report on Friday, May 9th. They set a "buy" rating and a $80.00 price objective for the company.

Synaptics Trading Up 0.3%

Shares of Synaptics stock traded up $0.23 during trading hours on Tuesday, hitting $66.45. The company's stock had a trading volume of 229,988 shares, compared to its average volume of 320,721. Synaptics has a 12 month low of $41.80 and a 12 month high of $90.58. The stock has a 50 day moving average of $64.45 and a 200 day moving average of $65.29. The company has a market capitalization of $2.56 billion, a PE ratio of 16.09 and a beta of 1.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.88 and a quick ratio of 2.34.

Synaptics (NASDAQ:SYNA - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The software maker reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.05. The business had revenue of $266.60 million during the quarter, compared to the consensus estimate of $265.03 million. Synaptics had a return on equity of 3.16% and a net margin of 15.90%. Synaptics's quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. Analysts predict that Synaptics will post 0.96 earnings per share for the current year.

Institutional Trading of Synaptics

Several hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank acquired a new position in Synaptics in the 4th quarter valued at $152,895,000. Ameriprise Financial Inc. grew its position in Synaptics by 22.5% during the 1st quarter. Ameriprise Financial Inc. now owns 6,098,453 shares of the software maker's stock worth $388,587,000 after acquiring an additional 1,118,559 shares during the last quarter. Norges Bank bought a new stake in Synaptics during the 4th quarter worth $43,481,000. Groupama Asset Managment acquired a new position in Synaptics during the 4th quarter worth about $38,160,000. Finally, Segall Bryant & Hamill LLC acquired a new position in Synaptics during the 1st quarter worth about $31,801,000. 99.43% of the stock is owned by institutional investors and hedge funds.

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.