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Susquehanna Reiterates a Buy Rating on Synaptics (SYNA)

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Susquehanna analyst Christopher Rolland reiterated a Buy rating on Synaptics (SYNAResearch Report) on March 7 and set a price target of $320.00. The company’s shares closed last Tuesday at $216.41.

According to TipRanks.com, Rolland is a top 25 analyst with an average return of 25.9% and a 74.3% success rate. Rolland covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and NXP Semiconductors.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Synaptics with a $292.14 average price target, representing a 42.4% upside. In a report issued on February 23, Needham also maintained a Buy rating on the stock with a $340.00 price target.

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Based on Synaptics’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $421 million and net profit of $69.5 million. In comparison, last year the company earned revenue of $358 million and had a net profit of $49.6 million.

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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. 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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