Susquehanna analyst Christopher Rolland reiterated a Hold rating on Synaptics (SYNA) today and set a price target of $68.00. The company’s shares closed last Thursday at $69.01.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 10.5% and a 61.0% 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 Hold analyst consensus rating for Synaptics with a $76.00 average price target.
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Based on Synaptics’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $388 million and net profit of $19.8 million. In comparison, last year the company earned revenue of $426 million and had a net profit of $12.8 million.
Based on the recent corporate insider activity of 54 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. Last month, Nelson Chan, a Director at SYNA bought 18,750 shares for a total of $595,500.
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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.
