While Synaptics Inc has underperformed by -1.11%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SYNA fell by -22.07%, with highs and lows ranging from $115.85 to $67.83, whereas the simple moving average fell by -1.24% in the last 200 days.
On November 08, 2024, TD Cowen Reiterated Synaptics Inc (NASDAQ: SYNA) to Buy. A report published by KeyBanc Capital Markets on October 08, 2024, Downgraded its rating to ‘Sector Weight’ for SYNA. TD Cowen also reiterated SYNA shares as ‘Buy’, quoting a target price of $90 on the company’s shares in a report dated August 09, 2024. TD Cowen Reiterated the rating as Buy on May 10, 2024, but set its price target from $135 to $115. TD Cowen resumed its ‘Outperform’ rating for SYNA, as published in its report on February 09, 2024. Craig Hallum’s report from February 09, 2024 suggests a price prediction of $105 for SYNA shares, giving the stock a ‘Hold’ rating. JP Morgan also rated the stock as ‘Overweight’.
Analysis of Synaptics Inc (SYNA)
Further, the quarter-over-quarter increase in sales is 8.41%, showing a positive trend in the upcoming months.
One of the most important indicators of Synaptics Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 11.84% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.02, 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.
For any stock, average volume can also provide valuable insight into volatility, and SYNA is recording 514.48K average volume. On a monthly basis, the volatility of the stock is set at 3.99%, whereas on a weekly basis, it is put at 4.05%, with a gain of 2.93% over the past seven days. Furthermore, long-term investors anticipate a median target price of $93.14, showing growth from the present price of $80.89, 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 Semiconductors market is dominated by Synaptics Inc (SYNA) based in the USA. 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 20.48, there is a growth in quarterly earnings of 59.50%.
Along with the fundamentals, it is also important to consider how many employees own shares of 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 2.15%. 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 94.52% 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 94.52% at present.
