After Tigress Financial and Needham gave Synaptics Inc (NASDAQ: SYNA) a Buy rating last month, the company received another Buy, this time from Craig-Hallum. Analyst Anthony Stoss maintained a Buy rating on Synaptics Inc today and set a price target of $48. The company’s shares opened today at $41.78.
According to TipRanks.com, Stoss is a 5-star analyst with an average return of 12.9% and a 63.1% success rate. Stoss covers the Consumer Goods sector, focusing on stocks such as Digi International Inc, Akoustis Technologies, and Skyworks Solutions.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Synaptics Inc with a $48 average price target, implying a 14.9% upside from current levels. In a report issued on January 24, Needham also maintained a Buy rating on the stock with a $50 price target.
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The company has a one-year high of $55.25 and a one-year low of $33.54. Currently, Synaptics Inc has an average volume of 570K.
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.
