Synaptics, Lowered to “Buy” at Tigress Financial (SYNA)
A number of other analysts have also recently weighed in on SYNA. Analysts at Sterne Agee raised their price target on shares of Synaptics, from $83.00 to $105.00 in a research note on Thursday, June 19th. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Synaptics, from $86.00 to $98.00 in a research note on Friday, June 13th. Finally, analysts at Imperial Capital raised their price target on shares of Synaptics, from $70.00 to $95.00 in a research note on Thursday, June 12th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Synaptics, presently has a consensus rating of “Buy” and a consensus target price of $83.63.
Synaptics, (NASDAQ:SYNA) traded down 0.08% during mid-day trading on Friday, hitting $88.31. 253,781 shares of the company’s stock traded hands. Synaptics, has a 52 week low of $37.87 and a 52 week high of $93.27. The stock has a 50-day moving average of $80.01 and a 200-day moving average of $64.46. The company has a market cap of $3.181 billion and a price-to-earnings ratio of 55.69. Synaptics, also was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 4,787,831 shares, a drop of 47.3% from the June 13th total of 9,093,430 shares. Approximately 13.4% of the shares of the company are short sold. Based on an average daily trading volume, of 969,277 shares, the short-interest ratio is presently 4.9 days.
Synaptics, (NASDAQ:SYNA) last announced its earnings results on Thursday, April 24th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 25.1% on a year-over-year basis. On average, analysts predict that Synaptics, will post $4.17 earnings per share 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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