Synaptics Inc Receives a Rating Update from a Top Analyst


In a report released yesterday, Andrew Uerkwitz from Oppenheimer maintained a Hold rating on Synaptics Inc (NASDAQ: SYNA). The company’s shares closed yesterday at $48.84.

According to TipRanks.com, Uerkwitz is a top 100 analyst with an average return of 26.7% and a 64.3% success rate. Uerkwitz covers the Consumer Goods sector, focusing on stocks such as Axon Enterprise Inc, Himax Technologies, and Turtle Beach Corp.

Synaptics Inc has an analyst consensus of Moderate Buy, with a price target consensus of $53.75.

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The company has a one-year high of $61.18 and a one-year low of $33.73. Currently, Synaptics Inc has an average volume of 708.6K.

Based on the recent corporate insider activity of 48 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, Hing Chung Wong, the SVP of Worldwide Operations of SYNA bought 2,300 shares for a total of $57,569.

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 semiconductor products. It develops and supplies custom-designed human interface solutions that enable people to interact with mobile computing, communications, entertainment, and other electronic devices.

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