Synaptics (NASDAQ:SYNA) Given New $205.00 Price Target at Mizuho

Synaptics (NASDAQ:SYNA – Get Rating) had its target price lowered by Mizuho from $225.00 to $205.00 in a research note issued to investors on Friday morning, The Fly reports. Mizuho currently has a buy rating on the software maker’s stock.

Several other analysts have also recently commented on SYNA. Susquehanna Bancshares reduced their target price on shares of Synaptics to $200.00 in a research note on Monday, July 25th. Cowen reduced their price objective on shares of Synaptics from $310.00 to $210.00 in a research note on Monday, May 2nd. Wells Fargo & Company reduced their price objective on shares of Synaptics from $175.00 to $125.00 and set an equal weight rating for the company in a research note on Monday, July 11th. Summit Insights cut shares of Synaptics from a buy rating to a hold rating in a research note on Friday, May 6th. Finally, Cowen reduced their price objective on shares of Synaptics from $310.00 to $210.00 in a research note on Monday, May 2nd. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Synaptics has an average rating of Moderate Buy and a consensus target price of $221.67.

Synaptics Trading Up 0.5 %

NASDAQ SYNA opened at $145.75 on Friday. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 23.03 and a beta of 1.46. The firm’s fifty day moving average price is $131.12 and its 200 day moving average price is $168.68. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.17 and a quick ratio of 2.80. Synaptics has a 12 month low of $109.26 and a 12 month high of $299.39.

Synaptics (NASDAQ:SYNA – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The software maker reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $0.74. The firm had revenue of $476.40 million during the quarter, compared to analysts’ expectations of $472.74 million. Synaptics had a net margin of 14.80% and a return on equity of 40.31%. Synaptics’s quarterly revenue was up 45.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 EPS. On average, sell-side analysts expect that Synaptics will post 11.59 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Synaptics

A number of large investors have recently added to or reduced their stakes in the stock. Great Valley Advisor Group Inc. boosted its position in shares of Synaptics by 24.2% in the first quarter. Great Valley Advisor Group Inc. now owns 3,444 shares of the software maker’s stock valued at $687,000 after acquiring an additional 672 shares during the period. Edmonds Duncan Registered Investment Advisors LLC bought a new stake in shares of Synaptics in the first quarter valued at approximately $257,000. Sciencast Management LP bought a new position in Synaptics in the first quarter worth $423,000. Donoghue Forlines LLC bought a new position in Synaptics in the fourth quarter worth $646,000. Finally, Securian Asset Management Inc. lifted its position in Synaptics by 2.8% in the first quarter. Securian Asset Management Inc. now owns 3,618 shares of the software maker’s stock worth $722,000 after purchasing an additional 100 shares during the period. Institutional investors own 91.93% of the company’s stock.

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.