Oppenheimer Sticks to Its Hold Rating for Synaptics (SYNA)
Oppenheimer analyst Martin Yang maintained a Hold rating on Synaptics (SYNA) today. The company’s shares closed last Monday at $70.10, close to its 52-week high of $75.48.
According to TipRanks.com, Yang is ranked #3258 out of 5884 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Synaptics with a $69.88 average price target, a -0.8% downside from current levels. In a report released today, J.P. Morgan also upgraded the stock to Hold with a $73.00 price target.
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The company has a one-year high of $75.48 and a one-year low of $26.34. Currently, Synaptics has an average volume of 768.5K.
Based on the recent corporate insider activity of 53 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.
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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.