Synaptics (NASDAQ:SYNA) Price Target Cut to $205.00 by Analysts at KeyCorp

Synaptics (NASDAQ:SYNAGet Rating) had its price target trimmed by KeyCorp from $215.00 to $205.00 in a research report released on Friday morning, MarketBeat Ratings reports. The firm currently has an overweight rating on the software maker’s stock.

A number of other equities research analysts have also recently weighed in on the company. Wells Fargo & Company dropped their price target on Synaptics from $175.00 to $125.00 and set an equal weight rating on the stock in a research note on Monday, July 11th. Mizuho dropped their price target on Synaptics from $225.00 to $205.00 and set a buy rating on the stock in a research note on Friday. Craig Hallum dropped their price target on Synaptics from $265.00 to $220.00 in a research note on Friday, May 6th. Cowen dropped their price target on Synaptics from $310.00 to $210.00 in a research note on Monday, May 2nd. Finally, Susquehanna decreased their price objective on Synaptics from $320.00 to $240.00 in a report on Friday, May 6th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $221.67.

Synaptics Trading Up 0.5 %

Shares of Synaptics stock opened at $145.75 on Friday. Synaptics has a 12-month low of $109.26 and a 12-month high of $299.39. The stock has a market cap of $5.77 billion, a P/E ratio of 23.03 and a beta of 1.46. The company has a quick ratio of 2.80, a current ratio of 3.17 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average is $131.12 and its 200-day moving average is $168.68.

Synaptics (NASDAQ:SYNAGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The software maker reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $0.74. Synaptics had a return on equity of 40.31% and a net margin of 14.80%. The company had revenue of $476.40 million for the quarter, compared to analysts’ expectations of $472.74 million. During the same quarter in the prior year, the business posted $1.60 EPS. The business’s revenue was up 45.3% compared to the same quarter last year. Equities research analysts predict that Synaptics will post 11.59 earnings per share for the current fiscal year.

Insider Transactions at Synaptics

In other news, Director Kiva A. Allgood sold 196 shares of the stock in a transaction on Monday, May 9th. The stock was sold at an average price of $155.61, for a total transaction of $30,499.56. Following the sale, the director now directly owns 6,654 shares of the company’s stock, valued at approximately $1,035,428.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Kiva A. Allgood sold 196 shares of the stock in a transaction on Monday, May 9th. The stock was sold at an average price of $155.61, for a total transaction of $30,499.56. Following the sale, the director now directly owns 6,654 shares of the company’s stock, valued at approximately $1,035,428.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Dean Warren Butler sold 1,126 shares of the stock in a transaction on Monday, May 9th. The stock was sold at an average price of $155.61, for a total value of $175,216.86. Following the sale, the insider now directly owns 26,651 shares in the company, valued at $4,147,162.11. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.

Institutional Trading of Synaptics

Several institutional investors and hedge funds have recently modified their holdings of SYNA. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Synaptics during the 4th quarter worth $39,000. Sageworth Trust Co of South Dakota bought a new stake in shares of Synaptics during the 4th quarter worth $43,000. Mascoma Wealth Management LLC bought a new stake in shares of Synaptics during the 1st quarter worth $48,000. Brown Brothers Harriman & Co. bought a new stake in shares of Synaptics during the 1st quarter worth $49,000. Finally, San Luis Wealth Advisors LLC bought a new stake in shares of Synaptics during the 1st quarter worth $56,000. 91.93% of the stock is currently owned by institutional investors.

Synaptics Company Profile

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Synaptics Incorporated develops and supplies semiconductor products and solutions worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes or over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.

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Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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