Synaptics Inc. Hits New 52-Week High at $56.97 (SYNA)
Shares of Synaptics (NASDAQ:SYNA) hit a new 52-week high during trading on Wednesday, Stock Ratings Network reports. The stock traded as high as $56.97 and last traded at $56.93, with a volume of 791,790 shares trading hands. The stock had previously closed at $55.98.
A number of analysts have recently weighed in on SYNA shares. Analysts at Stifel Nicolaus raised their price target on shares of Synaptics from $57.00 to $67.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Feltl & Co. raised their price target on shares of Synaptics from $48.00 to $52.00 in a research note to investors on Thursday, January 9th. They now have a “hold” rating on the stock. Finally, analysts at Zacks upgraded shares of Synaptics from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 8th. They now have a $56.40 price target on the stock. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $53.80.
In other Synaptics news, SVP Hing Chung Wong sold 5,100 shares of the stock on the open market in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.50, for a total transaction of $277,950.00. Following the completion of the sale, the senior vice president now directly owns 18,822 shares of the company’s stock, valued at approximately $1,025,799. The sale was disclosed in a filing with the SEC, which is available at this link.
Synaptics has a one year low of $32.34 and a one year high of $56.50. The stock’s 50-day moving average is $50.81 and its 200-day moving average is $45.47. The company has a market cap of $1.886 billion and a price-to-earnings ratio of 15.10.
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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