Synaptics - SYNA Stock Forecast, Price & News

Synaptics Incorporated develops and supplies semiconductor products and solutions 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 or over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions. It also provides Natural ID, a fingerprint ID product that is used in automobiles, notebook personal computers (PCs), PC peripherals, and other applications; TouchPad, a touch-sensitive pad that senses the position and movement of one or more fingers on its surface; SecurePad that integrates fingerprint sensor directly into the TouchPad area; ClickPad that offers a clickable mechanical design; and ForcePad. In addition, the company offers ClearPad, which enables users to interact directly with the display on mobile smartphones, tablets, and automobiles; ClearView products that provide advanced image processing and low power technology for displays on smartphones and tablets; and TouchView products, a touch controller and display driver integration product. Further, it provides TouchPad with a pointing stick in a single notebook computer enabling users to select their interface of choice; TouchStyk, a self-contained pointing stick module; ultra-low power edge artificial intelligence platform for battery powered wireless devices; and wireless connectivity solutions comprising Wi-Fi, Bluetooth, global positioning system, and global navigation satellite system. The company sells its products through direct sales, outside sales representatives, distributors, and resellers to mobile and PC OEMs; IoT OEMs; and consumer electronics manufacturers. The company was incorporated in 1986 and is headquartered in San Jose, California.

Synaptics Stock Down 2.8 %

Shares of NASDAQ:SYNA traded down $4.06 during trading on Friday, reaching $138.70. The company had a trading volume of 132 shares, compared to its average volume of 429,212. Synaptics has a 12-month low of $109.26 and a 12-month high of $299.39. The stock has a market cap of $5.49 billion, a PE ratio of 22.55 and a beta of 1.46. The business's 50-day moving average is $130.09 and its 200 day moving average is $165.07. The company has a quick ratio of 2.66, a current ratio of 3.03 and a debt-to-equity ratio of 0.77.

Synaptics (NASDAQ:SYNA - Get Rating) last released its earnings results on Thursday, August 4th. The software maker reported $3.87 EPS for the quarter, topping analysts' consensus estimates of $3.13 by $0.74. Synaptics had a return on equity of 38.59% and a net margin of 14.80%. The firm had revenue of $476.40 million for the quarter, compared to analysts' expectations of $472.74 million. During the same period in the prior year, the firm posted $1.60 earnings per share. The company's quarterly revenue was up 45.3% on a year-over-year basis. As a group, equities analysts forecast that Synaptics will post 10.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SYNA. Susquehanna lowered their price objective on Synaptics from $200.00 to $185.00 in a research report on Friday, August 5th. Needham & Company LLC reduced their target price on Synaptics from $340.00 to $265.00 in a research note on Friday, May 6th. Susquehanna Bancshares reduced their target price on Synaptics from $200.00 to $185.00 in a research note on Friday, August 5th. Wells Fargo & Company reduced their target price on Synaptics from $175.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Monday, July 11th. Finally, Cowen reduced their target price on Synaptics from $310.00 to $210.00 in a research note on Monday, May 2nd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $213.75.