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

SYNA Stock opened at $146.75 on Friday. The firm has a 50 day moving average of $130.29 and a two-hundred day moving average of $166.30. Synaptics has a 12 month low of $109.26 and a 12 month high of $299.39. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 23.18 and a beta of 1.46. 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 quarterly earnings data on Thursday, August 4th. The software maker reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.74. The business had revenue of $476.40 million during the quarter, compared to analyst estimates of $472.74 million. Synaptics had a net margin of 14.80% and a return on equity of 38.59%. Synaptics's quarterly revenue was up 45.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.60 EPS. As a group, equities analysts anticipate that Synaptics will post 10.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. KeyCorp cut their price objective on Synaptics from $215.00 to $205.00 and set an "overweight" rating for the company in a research report 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 for the company in a report on Monday, July 11th. Needham & Company LLC dropped their price target on Synaptics from $340.00 to $265.00 in a research note on Friday, May 6th. Cowen reduced their price objective on shares of Synaptics from $310.00 to $210.00 in a research note on Monday, May 2nd. Finally, Cowen decreased their target price on shares of Synaptics from $310.00 to $210.00 in a report on Monday, May 2nd. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Synaptics currently has a consensus rating of "Moderate Buy" and an average price target of $213.75.