Craig-Hallum Sticks to Its Buy Rating for Synaptics Inc (SYNA)

By Austin Angelo

Craig-Hallum analyst Anthony Stoss maintained a Buy rating on Synaptics Inc (SYNAResearch Report) today and set a price target of $47. The company’s shares opened today at $37.58.

According to TipRanks.com, Stoss is a 5-star analyst with an average return of 14.1% and a 65.2% success rate. Stoss covers the Consumer Goods sector, focusing on stocks such as Akoustis Technologies, Skyworks Solutions, and Cypress Semicon.

Synaptics Inc has an analyst consensus of Moderate Buy, with a price target consensus of $43.57, a 15.9% upside from current levels. In a report issued on March 27, Needham also assigned a Buy rating to the stock with a $45 price target.

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The company has a one-year high of $55.25 and a one-year low of $31.65. Currently, Synaptics Inc has an average volume of 678.9K.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral on the stock.

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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.