Analysts Offer Insights on Consumer Goods Companies: Synaptics Inc (NASDAQ: SYNA) and M/A-Com Technology (NASDAQ: MTSI)

By Jason Carr

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Synaptics Inc (NASDAQ: SYNA) and M/A-Com Technology (NASDAQ: MTSI) with bullish sentiments.

Synaptics Inc (NASDAQ: SYNA)

In a report issued on September 12, Kevin Cassidy from Stifel Nicolaus reiterated a Buy rating on Synaptics Inc (NASDAQ: SYNA), with a price target of $68. The company’s shares opened today at $40.60, close to its 52-week low of $37.39.

According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 19.9% and a 67.0% success rate. Cassidy covers the Consumer Goods sector, focusing on stocks such as Everspin Technologies Inc, Smart Global Holdings Inc, and Advanced Micro Devices.

Currently, the analyst consensus on Synaptics Inc is Moderate Buy and the average price target is $53.43, representing a 31.6% upside.

In a report issued on September 7, Cowen & Co. also reiterated a Buy rating on the stock with a $60 price target.
M/A-Com Technology (NASDAQ: MTSI)

Stifel Nicolaus analyst Lee Simpson reiterated a Buy rating on M/A-Com Technology (NASDAQ: MTSI) today and set a price target of $57. The company’s shares opened today at $43.44.

According to TipRanks.com, Simpson is ranked 0 out of 5 stars with an average return of -13.3% and a 64.3% success rate. Simpson covers the Consumer Goods sector, focusing on stocks such as Stmicroelectronics NV, NXP Semiconductors, and Kulicke & Soffa.

Currently, the analyst consensus on M/A-Com Technology is Strong Buy and the average price target is $58, representing a 33.5% upside.

In a report issued on September 5, Needham also reiterated a Buy rating on the stock with a $56 price target.

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