Synaptics Inc (SYNA) Gets a Hold Rating from BMO Capital

By Austin Angelo

In a report released today, Ambrish Srivastava from BMO Capital maintained a Hold rating on Synaptics Inc (SYNAResearch Report), with a price target of $35. The company’s shares closed yesterday at $33.46, close to its 52-week low of $33.32.

According to TipRanks.com, Srivastava is a 5-star analyst with an average return of 11.9% and a 74.4% success rate. Srivastava covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Microchip.

Currently, the analyst consensus on Synaptics Inc is a Moderate Buy with an average price target of $44.57, a 33.2% upside from current levels. In a report released yesterday, Mizuho Securities also downgraded the stock to Hold with a $39 price target.

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Based on Synaptics Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $12.8 million. In comparison, last year the company had a GAAP net loss of $82.4 million.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral on the stock. Most recently, in January 2019, Francis Lee, 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.