Needham Sticks to Its Buy Rating for Synaptics (SYNA)

In a report released today, Rajvindra Gill from Needham maintained a Buy rating on Synaptics (SYNAResearch Report), with a price target of $185.00. The company’s shares closed last Friday at $122.23.

Gill covers the Technology sector, focusing on stocks such as Nvidia, Pixelworks, and Micron. According to TipRanks, Gill has an average return of 12.2% and a 56.28% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Synaptics with a $181.11 average price target.

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SYNA market cap is currently $4.84B and has a P/E ratio of 19.30.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SYNA in relation to earlier this year. Last month, Keith Geeslin, a Director at SYNA bought 2,302.00 shares for a total of $205,545.58.

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.

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