Synaptics Inc (SYNA) Receives a Hold from BMO Capital


In a report released today, Ambrish Srivastava from BMO Capital maintained a Hold rating on Synaptics Inc (NASDAQ: SYNA). The company’s shares opened today at $48.62.

According to TipRanks.com, Srivastava is a 4-star analyst with an average return of 12.5% and a 74.3% success rate. Srivastava covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Skyworks Solutions, and Texas Instruments.

Synaptics Inc has an analyst consensus of Moderate Buy, with a price target consensus of $56.33, implying a 15.9% upside from current levels. In a report released today, Lake Street also maintained a Hold rating on the stock with a $52 price target.

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Based on Synaptics Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $1.5 million. In comparison, last year the company had a net profit of $17.8 million.

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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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