In a report released today, Christopher Rolland from Susquehanna reiterated a Hold rating on Synaptics Inc (SYNA), with a price target of $40. The company’s shares opened today at $37.38.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 8.5% and a 60.8% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Maxlinear Inc, and Mellanox.
Synaptics Inc has an analyst consensus of Moderate Buy, with a price target consensus of $48.67, implying a 30.2% upside from current levels. In a report released today, J.P. Morgan also downgraded the stock to Hold with a $50 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 57 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, Francis Lee, a Director at SYNA bought 6,000 shares for a total of $138,960.
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.
