Sterne Agee Reiterates “Buy” Rating for Synaptics, (SYNA)
Synaptics, (NASDAQ:SYNA)‘s stock had its “buy” rating restated by equities researchers at Sterne Agee in a research report issued on Tuesday, Analyst Ratings Network.com reports. They currently have a $77.00 price objective on the stock. Sterne Agee’s price target suggests a potential upside of 27.72% from the stock’s previous close.
Synaptics, (NASDAQ:SYNA) traded down 1.81% on Tuesday, hitting $60.29. 1,581,488 shares of the company’s stock traded hands. Synaptics, has a 52-week low of $34.98 and a 52-week high of $69.00. The stock has a 50-day moving average of $60.92 and a 200-day moving average of $55.62. The company has a market cap of $2.145 billion and a P/E ratio of 16.11.
Synaptics, (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. On average, analysts predict that Synaptics, will post $3.92 earnings per share for the current fiscal year.
SYNA has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Synaptics, from $67.00 to $80.00 in a research note on Friday. Separately, analysts at Needham & Company LLC upgraded shares of Synaptics, from a “buy” rating to a “strong-buy” rating in a research note on Friday. They now have a $100.00 price target on the stock, up previously from $70.00. Finally, analysts at Craig Hallum raised their price target on shares of Synaptics, to $80.00 in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Synaptics, currently has an average rating of “Buy” and a consensus price target of $75.94.
In other Synaptics, news, SVP Bretton Sewell sold 5,450 shares of the company’s stock on the open market in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $69.00, for a total transaction of $376,050.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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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