Synaptics (NASDAQ:SYNA) Given New $95.00 Price Target at Susquehanna

Synaptics (NASDAQ:SYNA) had its price objective dropped by research analysts at Susquehanna from $110.00 to $95.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “positive” rating on the software maker’s stock. Susquehanna’s target price points to a potential upside of 34.75% from the company’s previous close.

A number of other analysts have also recently commented on SYNA. JPMorgan Chase & Co. dropped their price target on Synaptics from $120.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. KeyCorp lowered Synaptics from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Needham & Company LLC reduced their price objective on Synaptics from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Craig Hallum cut their price target on Synaptics from $105.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Finally, TD Cowen cut their price target on Synaptics from $115.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $101.00.

Synaptics Trading Down 0.8 %

Shares of SYNA stock opened at $70.50 on Monday. The firm has a market cap of $2.81 billion, a P/E ratio of 22.74 and a beta of 1.46. The business has a 50-day moving average price of $75.37 and a two-hundred day moving average price of $84.08. The company has a quick ratio of 3.78, a current ratio of 4.19 and a debt-to-equity ratio of 0.66. Synaptics has a 12-month low of $67.83 and a 12-month high of $121.37.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, August 8th. The software maker reported $0.64 EPS for the quarter, topping the consensus estimate of $0.55 by $0.09. Synaptics had a negative return on equity of 0.54% and a net margin of 13.09%. The firm had revenue of $247.40 million for the quarter, compared to the consensus estimate of $245.17 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Equities analysts anticipate that Synaptics will post 0.81 EPS for the current fiscal year.

Insider Buying and Selling at Synaptics

In related news, insider Vikram Gupta sold 1,008 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $80.00, for a total transaction of $80,640.00. Following the completion of the transaction, the insider now owns 45,789 shares in the company, valued at $3,663,120. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 5,609 shares of company stock valued at $448,720. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Synaptics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Synaptics by 261.8% in the 3rd quarter. GAMMA Investing LLC now owns 369 shares of the software maker’s stock valued at $29,000 after purchasing an additional 267 shares in the last quarter. CWM LLC boosted its holdings in shares of Synaptics by 26.0% in the first quarter. CWM LLC now owns 673 shares of the software maker’s stock valued at $66,000 after acquiring an additional 139 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Synaptics in the second quarter valued at about $67,000. Register Financial Advisors LLC purchased a new stake in shares of Synaptics in the first quarter valued at about $76,000. Finally, Innealta Capital LLC purchased a new stake in Synaptics during the second quarter worth about $83,000. Hedge funds and other institutional investors own 99.43% of the company’s stock.

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.