Needham Releases a Buy Rating on Synaptics (SYNA)

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.

Synaptics has an analyst consensus of Strong Buy, with a price target consensus of $126.25, 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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The company has a one-year high of $108.01 and a one-year low of $44.41. Currently, Synaptics has an average volume of 493.5K.

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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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