Synaptics Inc (SYNA) Receives a Hold from Oppenheimer

By Carrie Williams

Oppenheimer analyst Andrew Uerkwitz maintained a Hold rating on Synaptics Inc (SYNAResearch Report) today. The company’s shares opened today at $35.30, close to its 52-week low of $34.66.

Uerkwitz said:

“Synaptics reported F1Q19 results in line with guidance and better than Street estimates. Results were buoyed by seasonal strength in its DDIC business and favorable product mix. Due to weakness in consumer electronics, management expects a temporary Y/Y decline of IoT business in F3Q18. As a result, it refrained from reiterating its FY19 revenue guidance of low single-digit growth. We believe SYNA will need more time to work through DDIC supply chain capacity constraints and wait for Chinese mobile OLED display ramping. The company is well positioned to return to growth in the mid-term; however, temporary uncertainties regarding customer production capability and supply chain constraints keep us on the sideline.”

According to, Uerkwitz is a 5-star analyst with an average return of 21.2% and a 57.6% success rate. Uerkwitz covers the Consumer Goods sector, focusing on stocks such as Axon Enterprise Inc, Himax Technologies, and Turtle Beach Corp.

Synaptics Inc has an analyst consensus of Moderate Buy, with a price target consensus of $56, which is a 58.6% upside from current levels. In a report released today, KeyBanc also downgraded the stock to Hold.


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The company has a one-year high of $55.25 and a one-year low of $34.66. Currently, Synaptics Inc has an average volume of 552.7K.

Based on the recent corporate insider activity of 36 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. Last month, James Whims, a Director at SYNA bought 6,000 shares for a total of $195,180.

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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.