Synaptics, Given Average Rating of “Buy” by Brokerages (NASDAQ:SYNA)
Shares of Synaptics, (NASDAQ:SYNA) have received a consensus recommendation of “Buy” from the seventeen analysts that are covering the company, American Banking News.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $85.66.
In other Synaptics, news, CEO Rick Bergman sold 11,250 shares of Synaptics, stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $80.10, for a total transaction of $901,125.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Synaptics, (NASDAQ:SYNA) opened at 79.87 on Monday. Synaptics, has a 52 week low of $37.87 and a 52 week high of $93.27. The stock’s 50-day moving average is $80.70 and its 200-day moving average is $70.63. The company has a market cap of $2.935 billion and a P/E ratio of 63.47.
Synaptics, (NASDAQ:SYNA) last released its earnings data on Thursday, July 31st. The company reported $1.46 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.39 earnings per share. The company’s revenue for the quarter was up 36.8% on a year-over-year basis. On average, analysts predict that Synaptics, will post $4.94 earnings per share for the current fiscal year.
A number of research firms have recently commented on SYNA. 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.
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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