Analyst Rating Update on Synaptics Incorporated (SYNA)

Synaptics Incorporated (NASDAQ:SYNA) has an average broker rating of 2.17, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Synaptics Incorporated (NASDAQ:SYNA) : The consensus price target for Synaptics Incorporated (NASDAQ:SYNA) is $79 for the short term with a standard deviation of $8.86. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $91, however, the pessimist price target for the company is $68.

For the current week, the company shares have a recommendation consensus of Buy. Also, Mizuho Securities downgrades their rating on the shares of Synaptics Incorporated (NASDAQ:SYNA). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on April 29, 2016.

Synaptics Incorporated (NASDAQ:SYNA): stock turned positive on Tuesday. Though the stock opened at $50.02, the bulls momentum made the stock top out at $52.78 level for the day. The stock recorded a low of $49.605 and closed the trading day at $52.43, in the green by 4.61%. The total traded volume for the day was 1,038,821. The stock had closed at $50.12 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Bergman Rick, director officer (President and CEO) of Synaptics Inc, had unloaded 10,000 shares at an average price of $67.39 in a transaction dated on June 1, 2016. The total value of the transaction was worth $673,900.

Synaptics Incorporated developer and supplier of custom-designed human interface solutions that enable people to interact more easily and intuitively with a wide variety of mobile computing, communications, entertainment, and other electronic devices. The portfolio includes Display Driver ICs (DDICs) which drive high-performance displays for smartphones and tablets. The ClearPad family supports touchscreen solutions for devices ranging from entry-level mobile phones to flagship premium smartphones, tablets and notebook PCs. The TouchPad family, including ClickPad and ForcePad, is integrated into the majority of todays notebook PCs. Natural ID fingerprint sensor technology enables authentication, mobile payments, and touch-based navigation for smartphones, tablets, and notebook computers. Synaptics portfolio also includes ThinTouch supporting thin and light keyboard solutions, as well as key technologies for next generation touch-enabled video and display applications.

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