Synaptics, Receives Consensus Rating of “Buy” from Analysts (NASDAQ:SYNA)
Synaptics, (NASDAQ:SYNA) has received a consensus recommendation of “Buy” from the seventeen ratings firms that are currently covering the company, American Banking and Market News reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $85.66.
Synaptics, (NASDAQ:SYNA) opened at 80.17 on Monday. 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 $81.6 and a 200-day moving average of $69.96. The company has a market cap of $2.955 billion and a price-to-earnings ratio of 63.63.
Synaptics, (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.42 by $0.04. The company had revenue of $315.00 million for the quarter, compared to the consensus estimate of $305.07 million. During the same quarter last year, the company posted $1.39 earnings per share. Synaptics,’s revenue was up 36.8% compared to the same quarter last year. On average, analysts predict that Synaptics, will post $4.91 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SYNA shares. Analysts at Zacks downgraded shares of Synaptics, from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 13th. They now have a $96.30 price target on the stock. Separately, analysts at Craig Hallum raised their price target on shares of Synaptics, to $96.00 in a research note on Friday, August 1st. Finally, analysts at Needham & Company LLC downgraded shares of Synaptics, from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 1st.
In other Synaptics, news, CEO Rick Bergman sold 11,250 shares of Synaptics, stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $80.10, for a total value of $901,125.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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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