In a report released yesterday, Anthony Stoss from Craig-Hallum maintained a Buy rating on Synaptics Inc (SYNA), with a price target of $50. The company’s shares closed yesterday at $36.91, close to its 52-week low of $34.66.
According to TipRanks.com, Stoss is a 5-star analyst with an average return of 13.5% and a 61.3% success rate. Stoss covers the Consumer Goods sector, focusing on stocks such as Integrated Device Tech, Stmicroelectronics NV, and Skyworks Solutions.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Synaptics Inc with a $56 average price target, implying a 51.7% upside from current levels. In a report released yesterday, Needham also maintained a Buy rating on the stock with a $63 price target.
The company has a one-year high of $55.25 and a one-year low of $34.66. Currently, Synaptics Inc has an average volume of 581.8K.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SYNA in relation to earlier this year. Last month, James Whims, a Director at SYNA bought 6,000 shares for a total of $195,180.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Synaptics, Inc. engages in the development, marketing, and sale of human interface semiconductor solutions for electronic devices and products. It specializes in custom-designed human interface that enable people to interact with mobile computing, communications, entertainment, and other electronic devices.