Synaptics (SYNA) Gets a Hold Rating from Oppenheimer

By Carrie Williams

In a report released today, Martin Yang from Oppenheimer maintained a Hold rating on Synaptics (SYNAResearch Report). The company’s shares closed last Thursday at $69.01.

According to TipRanks.com, Yang is a 1-star analyst with an average return of -7.8% and a 33.3% success rate. Yang covers the Technology sector, focusing on stocks such as Universal Display, QuickLogic, and Corning.

Synaptics has an analyst consensus of Hold, with a price target consensus of $76.00, a 12.4% upside from current levels. In a report released today, Susquehanna also reiterated a Hold rating on the stock with a $68.00 price target.

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The company has a one-year high of $84.75 and a one-year low of $26.35. Currently, Synaptics has an average volume of 711.7K.

Based on the recent corporate insider activity of 54 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, Nelson Chan, a Director at SYNA bought 18,750 shares for a total of $595,500.

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. It operates through the following geographical segments: China, Japan, United States, South Korea, Taiwan, and Other. The company was founded by Federico Faggin and Carver A. Mead in March 1986 and is headquartered in San Jose, CA.