After KeyBanc and Mizuho Securities gave Synaptics (NASDAQ: SYNA) a Buy rating last month, the company received another Buy, this time from Susquehanna. Analyst Christopher Rolland reiterated a Buy rating on Synaptics today and set a price target of $115.00. The company’s shares closed last Thursday at $82.50.
According to TipRanks.com, Rolland is a top 100 analyst with an average return of 17.5% and a 72.2% success rate. Rolland covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Power Integrations.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Synaptics with a $109.60 average price target, representing a 38.1% upside. In a report released yesterday, Mizuho Securities also maintained a Buy rating on the stock with a $93.00 price target.
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Synaptics’ market cap is currently $2.83B and has a P/E ratio of 22.50. The company has a Price to Book ratio of 7.22.
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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.
