Feltl & Co. Increases Synaptics Price Target to $52.00 (SYNA)
Equities researchers at Feltl & Co. hoisted their target price on shares of Synaptics (NASDAQ:SYNA) from $48.00 to $52.00 in a research report issued on Thursday, Stock Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Feltl & Co.’s price target indicates a potential downside of 2.35% from the stock’s previous close.
In other Synaptics news, Director Francis Lee sold 28,475 shares of the stock on the open market in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $50.53, for a total transaction of $1,438,841.75. Following the transaction, the director now directly owns 2,506 shares in the company, valued at approximately $126,628. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Synaptics (NASDAQ:SYNA) traded down 1.15% on Thursday, hitting $52.64. 191,309 shares of the company’s stock traded hands. Synaptics has a 52-week low of $29.45 and a 52-week high of $56.50. The stock has a 50-day moving average of $50.08 and a 200-day moving average of $44.91. The company has a market cap of $1.742 billion and a P/E ratio of 14.36.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.08. The company had revenue of $222.60 million for the quarter, compared to the consensus estimate of $219.18 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 75.3% on a year-over-year basis. On average, analysts predict that Synaptics will post $3.70 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Synaptics from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $56.40 price target on the stock. Separately, analysts at Cross Research initiated coverage on shares of Synaptics in a research note to investors on Monday, December 9th. They set a “buy” rating on the stock. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of Synaptics in a research note to investors on Tuesday, November 12th. They now have a $65.00 price target on the stock. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $53.11.
Synaptics Incorporated is a developer and supplier of custom-designed human interface solutions that enable people to interact with a range of mobile computing, communications, entertainment, and other electronic devices.
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