Synaptics, Given New $90.00 Price Target at ISI Group (SYNA)
ISI Group increased their price target on shares of Synaptics, (NASDAQ:SYNA) to $90.00 in a research note issued on Wednesday. The firm currently has a “positive” rating on the stock. ISI Group’s price objective indicates a potential upside of 35.30% from the company’s current price.
Shares of Synaptics, (NASDAQ:SYNA) opened at 66.52 on Wednesday. Synaptics, has a 52 week low of $34.98 and a 52 week high of $69.31. The stock has a 50-day moving average of $62.47 and a 200-day moving average of $58.5. The company has a market cap of $2.396 billion and a P/E ratio of 41.92.
Synaptics, (NASDAQ:SYNA) last issued its quarterly earnings data 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 $4.05 earnings per share for the current fiscal year.
In other Synaptics, news, Director Russell J. Knittel sold 15,000 shares of Synaptics, stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $68.97, for a total value of $1,034,550.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of other firms have also recently commented on SYNA. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Synaptics, in a research note on Wednesday. They now have a $86.00 price target on the stock, up previously from $83.00. Separately, analysts at Stifel raised their price target on shares of Synaptics, from $83.00 to $86.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Feltl & Co. upgraded shares of Synaptics, from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 5th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $77.10.
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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