Synaptics Incorporated (NASDAQ:SYNA) Receives Consensus “Buy Moderate” Recommendation From Brokers

Synaptics Incorporated (NASDAQ:SYNA – Get Rating) has earned a consensus rating of “Moderate Buy” from the fifteen research firms that currently cover the business, MarketBeat Ratings reports. Four analysts rated the stock with a hold recommendation and five gave the company a buy recommendation. The 12-month average target price among analysts who have reported on the stock in the past year is $207.08.

A number of equity research analysts have recently commented on SYNA shares. KeyCorp cut its price target on Synaptics shares from $215.00 to $205.00 and set an “overweight” rating on the stock in a Friday, Aug. 5 report. Oppenheimer cut his price target on Synaptics shares from $230.00 to $190.00 and set an “outperform” rating on the stock in a Monday, Aug. 8 report. StockNews.com upgraded Synaptics shares from a “buy” rating to a “hold” rating in a Thursday, September 15 report. Susquehanna lowered its price target on Synaptics shares from $200.00 to $185.00 in a Friday, August 5 report. Finally, TheStreet upgraded Synaptics’ shares from a “c+” rating to a “b-” rating in a Thursday, August 4, report.

Insider activity

Separately, insider Saleel Awsare sold 4,000 shares of the company in a trade on Thursday, August 25. The shares were sold at an average price of $133.58, for a total transaction of $534,320.00. Following the sale, the insider now directly owns 38,608 shares of the company, valued at approximately $5,157,256.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Separately, insider Saleel Awsare sold 4,000 shares of the company in a trade on Thursday, August 25. The shares were sold at an average price of $133.58, for a total transaction of $534,320.00. Following the sale, the insider now directly owns 38,608 shares of the company, valued at approximately $5,157,256.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, SVP John Mcfarland sold 8,188 shares of the company in a trade on Thursday, August 18. The shares were sold at an average price of $137.09, for a total transaction of $1,122,492.92. Following the sale, the senior vice president now owns 15,083 shares of the company, valued at $2,067,728.47. The disclosure of this sale can be found here. Insiders have sold 16,188 shares of the company worth $2,148,813 over the past three months. Insiders of the company hold 0.80% of the shares of the company.

Synaptics Institutional Trading

A number of institutional investors and hedge funds have been buying and selling stocks recently. Verition Fund Management LLC bought a new stake in Synaptics in Q2 worth $539,000. Captrust Financial Advisors increased its stake in Synaptics by 182.5% in the second quarter. Captrust Financial Advisors now owns 2,664 shares of the software maker valued at $314,000 after acquiring 1,721 additional shares in the last quarter. Legal & General Group Plc increased its stake in Synaptics by 54.5% in the 2nd quarter. Legal & General Group Plc now owns 95,110 shares of the software maker valued at $11,227,000 after acquiring 33,543 additional shares in the last quarter. ExodusPoint Capital Management LP bought a new stock position in Synaptics in Q2 worth $3,756,000. Finally, Macquarie Group Ltd. increased its stake in Synaptics shares by 2.7% in the 2nd quarter. Macquarie Group Ltd. now owns 19,804 shares of the software maker worth $2,338,000 after buying 512 more shares last quarter. 97.15% of the shares are currently held by institutional investors.

Synaptics price performance

Shares of SYNA opened at $99.01 on Friday. The stock has a market capitalization of $3.96 billion, a PE ratio of 15.64 and a beta of 1.50. The company has a debt ratio of 0.77, a quick ratio of 2.66 and a current ratio of 3.03. Synaptics has a fifty-two week minimum of $98.50 and a fifty-two week maximum of $299.39. The company’s 50-day simple moving average is $124.17 and its two-hundred-day simple moving average is $142.65.

Synaptics (NASDAQ:SYNA – Get Rating) last released its quarterly results on Thursday, August 4. The software maker reported EPS of $3.87 for the quarter, beating consensus analyst estimates of $3.13 by $0.74. Synaptics achieved a net margin of 14.80% and a return on equity of 38.59%. The company posted revenue of $476.40 million for the quarter, compared to $472.74 million expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $1.60. The company’s revenue for the quarter increased 45.3% year over year. Analysts expect Synaptics to post earnings per share of 10.15 for the current fiscal year.

About Synaptics

(Get a rating)

Synaptics Incorporated develops, markets and sells semiconductor product solutions worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video images over low-bandwidth connections; VideoSmart which activates set-top or over-the-top boxes, streaming devices, soundbars, surveillance cameras and smart displays; and ImagingSmart solutions.

See also

Analyst Recommendations for Synaptics (NASDAQ: SYNA)

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