Several brokerages have updated their recommendations and price targets on shares of Synaptics (NASDAQ: SYNA) in the last few weeks:

  • 9/14/2017 – Synaptics had its “overweight” rating reaffirmed by analysts at KeyCorp.
  • 9/14/2017 – Synaptics had its “underperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $35.00 price target on the stock.
  • 9/14/2017 – Synaptics had its “buy” rating reaffirmed by analysts at Stifel Nicolaus.
  • 9/6/2017 – Synaptics had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 8/31/2017 – Synaptics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock. According to Zacks, “Synaptics is a leader in designing and marketing human interface solutions such as touchpads for notebook computers, capactive touch screen controllers for handsets and biometric fingerprint sensors for mobile devices. “
  • 8/25/2017 – Synaptics was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $44.00 price target on the stock. According to Zacks, “Synaptics is a leader in designing and marketing human interface solutions such as touchpads for notebook computers, capactive touch screen controllers for handsets and biometric fingerprint sensors for mobile devices. “
  • 8/23/2017 – Synaptics was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/22/2017 – Synaptics had its “underperform” rating reaffirmed by analysts at Citigroup Inc.. They now have a $35.00 price target on the stock, down previously from $45.00.
  • 8/22/2017 – Synaptics had its price target lowered by analysts at Oppenheimer Holdings, Inc. from $45.00 to $35.00. They now have an “underperform” rating on the stock.
  • 8/22/2017 – Synaptics had its “underperform” rating reaffirmed by analysts at CIBC. They now have a $35.00 price target on the stock, down previously from $45.00.
  • 8/5/2017 – Synaptics was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/4/2017 – Synaptics was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock, down previously from $62.00.
  • 8/4/2017 – Synaptics had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $55.00 price target on the stock, down previously from $65.00. They wrote, “SYNA guided Sept. revenue 10% below the Street primarily due to the Apple transition to OLED, softness at Samsung and the unexpected transition to 18×9 displays in which SYNA did not have product availability and ceded some market share. The company provided FY18 guidance of low-single digits revenue growth and operating margins of 11-12%. Included in the annual guidance is approx. $200MM of revenue from Conexant and Marvell. Excluding those acquisitions, we have the core business” declining 8% or $140MM Y/Y reflecting the ongoing transition to OLED driver ICs by Apple and cannibalization of the DDIC business by TDDI.””
  • 8/4/2017 – Synaptics had its price target lowered by analysts at BMO Capital Markets from $56.00 to $46.00. They now have a “market perform” rating on the stock.
  • 8/2/2017 – Synaptics was given a new $75.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.
  • 7/28/2017 – Synaptics had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $68.00 price target on the stock.
  • 7/27/2017 – Synaptics was given a new $75.00 price target on by analysts at Cowen and Company. They now have an “outperform” rating on the stock.
  • 7/24/2017 – Synaptics was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of Synaptics Incorporated (NASDAQ SYNA) opened at 39.40 on Friday. The company has a 50 day moving average price of $41.88 and a 200 day moving average price of $50.46. The company has a market cap of $1.33 billion, a PE ratio of 28.76 and a beta of 1.14. Synaptics Incorporated has a 52 week low of $37.39 and a 52 week high of $69.45.

Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.11. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The business had revenue of $426.50 million for the quarter, compared to analyst estimates of $426.49 million. During the same quarter last year, the firm earned $0.46 EPS. Synaptics’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, equities analysts expect that Synaptics Incorporated will post $4.61 earnings per share for the current year.

Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.

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