Synaptics Incorporated (NASDAQ:SYNA) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Synaptics Incorporated (NASDAQ:SYNA) have received an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $96.88.

SYNA has been the topic of a number of research analyst reports. Susquehanna raised their target price on Synaptics from $95.00 to $105.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Craig Hallum raised Synaptics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $105.00 target price on shares of Synaptics in a report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Synaptics in a research note on Tuesday, February 4th.

Synaptics Trading Down 1.0 %

Shares of SYNA stock opened at $64.10 on Wednesday. The stock’s fifty day moving average price is $72.74 and its two-hundred day moving average price is $74.75. The company has a market cap of $2.51 billion, a PE ratio of 15.15 and a beta of 1.55. Synaptics has a fifty-two week low of $60.75 and a fifty-two week high of $99.99. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.36 and a current ratio of 3.88.

Insider Activity

In other news, insider Ken Rizvi bought 3,600 shares of Synaptics stock in a transaction dated Monday, February 10th. The stock was bought at an average cost of $69.15 per share, for a total transaction of $248,940.00. Following the purchase, the insider now directly owns 27,630 shares in the company, valued at approximately $1,910,614.50. This represents a 14.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Synaptics

Large investors have recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Synaptics in the 3rd quarter valued at about $31,000. Brown Brothers Harriman & Co. acquired a new position in Synaptics during the 4th quarter valued at about $31,000. Menard Financial Group LLC acquired a new position in Synaptics during the 4th quarter valued at about $37,000. Aster Capital Management DIFC Ltd acquired a new position in Synaptics during the 4th quarter valued at about $43,000. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new position in Synaptics during the 4th quarter valued at about $72,000. 99.43% of the stock is currently owned by institutional investors and hedge funds.

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.