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

Shares of Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) have earned an average recommendation of "Buy" from the eight brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $93.75.

A number of equities analysts recently weighed in on the stock. Mizuho lowered their price objective on shares of Synaptics from $90.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday, March 24th. Needham & Company LLC initiated coverage on shares of Synaptics in a research report on Friday. They issued a "buy" rating and a $80.00 price objective for the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $105.00 target price on shares of Synaptics in a research report on Thursday, February 27th. Susquehanna increased their price target on Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a report on Wednesday, January 22nd. Finally, Craig Hallum upgraded Synaptics from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 29th.

Synaptics Price Performance

SYNA traded up $0.53 on Thursday, hitting $65.53. 42,935 shares of the company's stock were exchanged, compared to its average volume of 469,370. The company has a current ratio of 3.88, a quick ratio of 3.36 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $57.32 and a 200-day moving average price of $69.75. Synaptics has a fifty-two week low of $41.80 and a fifty-two week high of $98.00. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 15.49 and a beta of 1.67.

Synaptics (NASDAQ:SYNA - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The software maker reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.05. Synaptics had a return on equity of 1.61% and a net margin of 16.73%. The business had revenue of $266.60 million for the quarter, compared to analysts' expectations of $265.03 million. During the same period last year, the firm earned $0.53 earnings per share. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, equities analysts anticipate that Synaptics will post 0.96 earnings per share for the current year.

Institutional Investors Weigh In On Synaptics

Several large investors have recently made changes to their positions in the company. Barclays PLC boosted its stake in Synaptics by 189.7% during the third quarter. Barclays PLC now owns 81,330 shares of the software maker's stock valued at $6,309,000 after buying an additional 53,252 shares in the last quarter. Profit Investment Management LLC raised its holdings in shares of Synaptics by 8.9% during the fourth quarter. Profit Investment Management LLC now owns 24,716 shares of the software maker's stock valued at $1,886,000 after acquiring an additional 2,029 shares during the period. KBC Group NV boosted its position in shares of Synaptics by 87.4% in the fourth quarter. KBC Group NV now owns 1,795 shares of the software maker's stock worth $137,000 after buying an additional 837 shares during the period. Retirement Systems of Alabama increased its holdings in shares of Synaptics by 1.2% in the 4th quarter. Retirement Systems of Alabama now owns 61,208 shares of the software maker's stock valued at $4,671,000 after purchasing an additional 727 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Synaptics by 1.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the software maker's stock valued at $847,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 99.43% of the company's stock.

About Synaptics

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.