Rosenblatt Securities Maintains a Hold Rating on Synaptics (SYNA)

By Jason Carr

Rosenblatt Securities analyst Jun Zhang maintained a Hold rating on Synaptics (SYNAResearch Report) today and set a price target of $45.00. The company’s shares closed last Monday at $58.27, close to its 52-week high of $62.10.

According to TipRanks.com, Zhang is a 4-star analyst with an average return of 8.3% and a 61.8% success rate. Zhang covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Lumentum Holdings, and Viavi Solutions.

Synaptics has an analyst consensus of Hold, with a price target consensus of $47.67.

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The company has a one-year high of $62.10 and a one-year low of $26.34. Currently, Synaptics has an average volume of 671.7K.

Based on the recent corporate insider activity of 62 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. Most recently, in October 2019, James Whims, a Director at SYNA bought 6,000 shares for a total of $138,960.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.