Synaptics (NASDAQ:SYNA) Given New $105.00 Price Target at Susquehanna

Synaptics (NASDAQ:SYNA) had its price objective lifted by Susquehanna from $95.00 to $105.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a positive rating on the software maker’s stock.

Other equities analysts have also issued reports about the stock. Needham & Company LLC dropped their price target on shares of Synaptics from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, November 8th. KeyCorp cut Synaptics from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Rosenblatt Securities dropped their price objective on Synaptics from $130.00 to $92.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, TD Cowen boosted their price target on Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.44.

Synaptics Stock Down 2.4 %

SYNA stock opened at $83.49 on Wednesday. The business’s 50-day moving average price is $78.69 and its 200-day moving average price is $77.99. The stock has a market cap of $3.34 billion, a P/E ratio of 21.14 and a beta of 1.44. Synaptics has a twelve month low of $67.83 and a twelve month high of $115.85. The company has a quick ratio of 4.02, a current ratio of 4.49 and a debt-to-equity ratio of 0.66.

Insider Buying and Selling

In related news, insider Vikram Gupta sold 411 shares of Synaptics stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $81.63, for a total value of $33,549.93. Following the completion of the transaction, the insider now owns 40,795 shares in the company, valued at approximately $3,330,095.85. This trade represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Synaptics

Institutional investors have recently modified their holdings of the stock. Barclays PLC raised its holdings in Synaptics by 189.7% during the 3rd quarter. Barclays PLC now owns 81,330 shares of the software maker’s stock valued at $6,309,000 after buying an additional 53,252 shares during the period. Algert Global LLC raised its stake in shares of Synaptics by 44.9% in the third quarter. Algert Global LLC now owns 50,797 shares of the software maker’s stock valued at $3,941,000 after acquiring an additional 15,750 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Synaptics by 15,571.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 814,912 shares of the software maker’s stock worth $71,875,000 after acquiring an additional 809,712 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Synaptics by 111.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 79,777 shares of the software maker’s stock worth $6,189,000 after purchasing an additional 42,101 shares during the period. Finally, Squarepoint Ops LLC bought a new position in Synaptics during the 2nd quarter valued at about $941,000. 99.43% of the stock is owned by institutional investors.

About Synaptics

Synaptics Incorporated develops, markets, and sells semiconductor products 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, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.