Synaptics Given New $80.00 Price Target at Craig Hallum (SYNA)
Research analysts at Craig Hallum increased their price objective on shares of Synaptics (NASDAQ:SYNA) to $80.00 in a report released on Friday, AnalystRatingsNetwork.com reports. Craig Hallum’s price target points to a potential upside of 24.98% from the company’s current price.
In other Synaptics news, Director Francis Lee unloaded 10,000 shares of Synaptics stock on the open market in a transaction dated Monday, April 21st. The stock was sold at an average price of $65.00, for a total transaction of $650,000.00. Following the completion of the transaction, the director now directly owns 1,881 shares in the company, valued at approximately $122,265. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Synaptics (NASDAQ:SYNA) opened at 64.01 on Friday. Synaptics has a 52 week low of $34.98 and a 52 week high of $67.71. The stock’s 50-day moving average is $61.11 and its 200-day moving average is $55.1. The company has a market cap of $2.277 billion and a P/E ratio of 17.52.
Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, April 24th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.06. The company had revenue of $204.30 million for the quarter, compared to the consensus estimate of $192.03 million. During the same quarter last year, the company posted $0.79 earnings per share. Synaptics’s revenue was up 25.1% compared to the same quarter last year. On average, analysts predict that Synaptics will post $3.69 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus raised their price target on shares of Synaptics from $70.00 to $83.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Sterne Agee initiated coverage on shares of Synaptics in a research note on Monday. They set a “buy” rating and a $77.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $70.44.
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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