In a report released on Thursday. The brokerage assigned a Hold rating to the stock of the software maker.
Other equity research analysts have also commented on the company recently. Susquehanna reduced their target price for Synaptics in a report published on Thursday, 5th May from $140.00 down to $115.00. Needham & Company LLC reduced their target price for Synaptics in a Thursday, May 4th research report from $165.00 down to $115.00. Wells Fargo & Company reduced their target price for Synaptics in a report published on Thursday, 5th May from $105.00 down to $75.00. Oppenheimer raised their price target on Synaptics shares from $185.00 up to $195.00 on Monday, 24th April. Cowen, in its report dated Friday, February 3, raised their price target on Synaptics shares from $100.00 up to $150.00, and gave it an outperform ranking. Seven analysts have given the company a buy rating, while four have given the stock a hold. The price of the stock opened at $83.55 Thursday. The company's two hundred day moving-average price is $103.72 and its fifty day moving-average price is $95.75. The company has a $3.30 billion market capitalization, an earnings-to-price ratio of 18.82, and a beta value of 1.55. Synaptics' 52-week low is $67.73, and its 52-week high is $154.68. The company's debt-to equity ratio is 0.74. It has a quick ratio 4.41, and a current rate of 4.96.
Synaptics announced that their Board of Directors had initiated a stock purchase plan on May 3, which allows the company to buy $500,000,000 in shares. The software maker can buy up to 14,3% of its stock through open market purchases. Repurchase plans for shares can be a sign of a company's belief that its stock is undervalued.
On Tuesday, February 21, the company sold 1,350 shares. The shares were purchased at an average of $119.36 for a value of $161.136.00. The insider owns approximately $4,105.506.56 worth of stock after the transaction. On Thursday, 9th March, 5,000 shares were sold in an exchange. The shares were purchased at an average price $115.28 for a value of $576.400.00. The insider owns 33 755 shares of company stock valued at $3 891 276.40 after the sale. On Tuesday, February 21, the company sold 1,350 shares. Stock was sold for $119.36 on average, resulting in a transaction total of $161.136.00. After the sale is complete, the insider owns directly 34,396 company shares, worth approximately $4,105.506.56. Insiders own 0.80% of company stock.
Synaptics Trading Institutionalized
Several institutional investors recently changed their positions on SYNA. Ronald Blue Trust Inc. increased its position in Synaptics during the first quarter by 124.8%. Ronald Blue Trust Inc. owns 362 of the software maker’s shares valued at $34,000, after buying 201 additional shares in the last quarter. Signaturefd LLC increased its holdings in Synaptics shares by 355.8% during the fourth quarter. Signaturefd LLC owns 392 of the software maker’s shares valued at $37,000, after purchasing an additional 306 during the period. Belpointe Asset Management LLC increased its holdings in Synaptics shares by 1129% during the first quarter. Belpointe Asset Management LLC owns 364 of the software maker’s shares valued at $40,000. This is after purchasing an additional 193 during the period. Quadrant Capital Group, LLC increased its holdings in Synaptics shares by 411.2% in the fourth quarter. Quadrant Capital group LLC owns now 501 shares worth $48,000 of the software maker after purchasing an additional 403 during the period. Brown Brothers Harriman & Co. purchased a new position of shares in Synaptics during the first quarter, valued at approximately $49,000. Institutional investors hold 90.40% the stock of Synaptics.
Synaptics - Company Profile
Synaptics Inc is a company that develops, markets, and sells human interface semiconductor products for electronic devices. It is a leader in the development of custom-designed interfaces that allow people to interact with electronic devices, including mobile computing, communication, entertainment and other electronic products.
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