Needham Believes Synaptics (SYNA) Still Has Room to Grow

In a report released today, Rajvindra Gill from Needham assigned a Buy rating to Synaptics (SYNA), with a price target of $150.00. The company’s shares closed last Thursday at $106.87, close to its 52-week high of $108.01.

According to, Gill is a 5-star analyst with an average return of 13.6% and a 65.1% success rate. Gill covers the Technology sector, focusing on stocks such as Sequans Communications S A, Everspin Technologies, and Smart Global Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Synaptics with a $126.25 average price target, implying a 21.0% upside from current levels. In a report released yesterday, Mizuho Securities also maintained a Buy rating on the stock with a $120.00 price target.

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Synaptics’ market cap is currently $3.69B and has a P/E ratio of 32.30. The company has a Price to Book ratio of -30.36.

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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. It operates through the following geographical segments: China, Japan, United States, South Korea, Taiwan, and Other. The company was founded by Federico Faggin and Carver A. Mead in March 1986 and is headquartered in San Jose, CA.

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