Mizuho Securities Reaffirms Their Hold Rating on Synaptics Inc (SYNA)

By Ryan Adsit

Mizuho Securities analyst Vijay Rakesh maintained a Hold rating on Synaptics Inc (SYNAResearch Report) on August 8 and set a price target of $35. The company’s shares closed on Friday at $33.75.

According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 19.1% and a 58.7% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Intel Corporation, and Texas Instruments.

Currently, the analyst consensus on Synaptics Inc is a Hold with an average price target of $34.38, a 1.9% upside from current levels. In a report issued on August 9, Craig-Hallum also downgraded the stock to Hold with a $28 price target.

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The company has a one-year high of $48.74 and a one-year low of $26.34. Currently, Synaptics Inc has an average volume of 697.5K.

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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.