In a report released today, Ambrish Srivastava from BMO Capital maintained a Hold rating on Synaptics Inc (SYNA), with a price target of $35. The company’s shares closed yesterday at $33.46, close to its 52-week low of $33.32.
According to TipRanks.com, Srivastava is a 5-star analyst with an average return of 11.9% and a 74.4% success rate. Srivastava covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Microchip.
Currently, the analyst consensus on Synaptics Inc is a Moderate Buy with an average price target of $44.57, a 33.2% upside from current levels. In a report released yesterday, Mizuho Securities also downgraded the stock to Hold with a $39 price target.
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Based on Synaptics Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $12.8 million. In comparison, last year the company had a GAAP net loss of $82.4 million.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral on the stock. Most recently, in January 2019, Francis Lee, a Director at SYNA bought 6,000 shares for a total of $138,960.
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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.
