Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on Synaptics Inc (SYNA) today. The company’s shares opened today at $37.80.
According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 15.1% and a 63.5% success rate. Feinseth covers the Services sector, focusing on stocks such as Booking Holdings Inc, Southwest Airlines, and Royal Caribbean.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Synaptics Inc with a $47 average price target, which is a 24.3% upside from current levels. In a report released today, Needham also maintained a Buy rating on the stock with a $50 price target.
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Based on Synaptics Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $3.8 million. In comparison, last year the company had a GAAP net loss of $82.4 million.
Based on the recent corporate insider activity of 47 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. Earlier this 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.
