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 Performance

Shares of SYNA Stock traded up $4.64 during trading hours on Thursday, reaching $142.76. 402,405 shares of the company's stock were exchanged, compared to its average volume of 512,396. The company has a market cap of $5.65 billion, a P/E ratio of 22.63 and a beta of 1.46. The company's 50 day moving average is $130.03 and its two-hundred day moving average is $165.54. Synaptics has a 1 year low of $109.26 and a 1 year high of $299.39. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.03 and a quick ratio of 2.66.

Synaptics (NASDAQ:SYNA - Get Rating) last issued its earnings results on Thursday, August 4th. The software maker reported $3.87 earnings per share (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 business had revenue of $476.40 million during the quarter, compared to the consensus estimate of $472.74 million. During the same period in the prior year, the business posted $1.60 EPS. The company's revenue for the quarter was up 45.3% on a year-over-year basis. Equities research analysts anticipate that Synaptics will post 10.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on SYNA shares. Susquehanna Bancshares lowered their target price on Synaptics from $200.00 to $185.00 in a report on Friday, August 5th. Mizuho reduced their price target on Synaptics from $225.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, August 5th. TheStreet upgraded Synaptics from a "c+" rating to a "b-" rating in a research report on Thursday, August 4th. Needham & Company LLC cut their price objective on Synaptics from $340.00 to $265.00 in a research report on Friday, May 6th. Finally, Cowen lowered their price target on Synaptics from $310.00 to $210.00 in a research note on Monday, May 2nd. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $213.75.