While Synaptics Inc has underperformed by -0.70%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SYNA fell by -22.84%, with highs and lows ranging from $121.37 to $67.83, whereas the simple moving average fell by -21.16% in the last 200 days.
On October 08, 2024, KeyBanc Capital Markets Downgraded Synaptics Inc (NASDAQ: SYNA) to Sector Weight. A report published by TD Cowen on August 09, 2024, Reiterated its previous ‘Buy’ rating for SYNA. TD Cowen also reiterated SYNA shares as ‘Buy’, quoting a target price of $115 on the company’s shares in a report dated May 10, 2024. TD Cowen Reiterated the rating as Outperform on February 09, 2024, but set its price target from $115 to $135. Craig Hallum February 09, 2024d its ‘Buy’ rating to ‘Hold’ for SYNA, as published in its report on February 09, 2024. JP Morgan’s report from December 08, 2023 suggests a price prediction of $130 for SYNA shares, giving the stock a ‘Overweight’ rating. Oppenheimer also rated the stock as ‘Perform’.
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Analysis of Synaptics Inc (SYNA)
Further, the quarter-over-quarter increase in sales is 8.84%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Synaptics Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 9.27% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.78, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 343.38K can be a very valuable indicator of volatility for SYNA stock. On a monthly basis, the volatility of the stock is set at 3.90%, whereas on a weekly basis, it is put at 3.11%, with a loss of -4.24% over the past seven days. Furthermore, long-term investors anticipate a median target price of $102.14, showing growth from the present price of $72.20, which can serve as yet another indication of whether SYNA is worth investing in or should be passed over.
How Do You Analyze Synaptics Inc Shares?
The USA based company Synaptics Inc (SYNA) is one of the biggest names in Semiconductors. When comparing Synaptics Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 23.31, there is a growth in quarterly earnings of 979.04%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.70%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 95.87% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SYNA shares are owned by institutional investors to the tune of 95.87% at present.
