Synaptics, Reaches New 12-Month High at $69.31 (SYNA)
Synaptics, (NASDAQ:SYNA)’s share price reached a new 52-week high during mid-day trading on Monday , Analyst Ratings.Net reports. The stock traded as high as $69.31 and last traded at $68.88, with a volume of 582,583 shares traded. The stock had previously closed at $67.74.
A number of research firms have recently commented on SYNA. Analysts at Feltl & Co. upgraded shares of Synaptics, from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Separately, analysts at Needham & Company LLC upgraded shares of Synaptics, from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 28th. They now have a $100.00 price target on the stock. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of Synaptics, in a research note on Thursday, May 15th. They now have a $77.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $75.03.
The stock has a 50-day moving average of $62.29 and a 200-day moving average of $58.06. The company has a market cap of $2.428 billion and a price-to-earnings ratio of 42.68.
Synaptics, (NASDAQ:SYNA) last issued its quarterly earnings data 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. Analysts expect that Synaptics, will post $4.03 EPS for the current fiscal year.
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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