Synaptics,’s “Overweight” Rating Reaffirmed at JPMorgan Chase & Co. (SYNA)
Synaptics, (NASDAQ:SYNA)‘s stock had its “overweight” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Wednesday. They currently have a $86.00 price objective on the stock, up from their previous price objective of $80.00. JPMorgan Chase & Co.’s target price suggests a potential upside of 29.28% from the stock’s previous close.
In other Synaptics, news, Director Russell J. Knittel sold 15,000 shares of Synaptics, stock on the open market in a transaction dated Monday, June 9th. The shares were sold at an average price of $68.97, for a total value of $1,034,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Synaptics, (NASDAQ:SYNA) traded up 26.73% during mid-day trading on Wednesday, hitting $84.30. 7,704,682 shares of the company’s stock traded hands. Synaptics, has a 52-week low of $34.98 and a 52-week high of $69.31. The stock’s 50-day moving average is $62.47 and its 200-day moving average is $58.5. The company has a market cap of $3.037 billion and a price-to-earnings ratio of 41.92.
Synaptics, (NASDAQ:SYNA) last announced its 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 $4.05 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Synaptics, from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $69.20 price target on the stock. Separately, analysts at Dougherty & Co raised their price target on shares of Synaptics, to $96.00 in a research note on Wednesday. Finally, analysts at ISI Group raised their price target on shares of Synaptics, to $90.00 in a research note on Wednesday. They now have a “positive” rating on the stock. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Synaptics, presently has a consensus rating of “Buy” and a consensus price target of $79.16.
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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