How Negative is Rosenblatt Securities on Synaptics Inc (NASDAQ:SYNA) Following Today’s Downgrade? The Target Price is $36.0

February 5, 2018 - By Kurt Siggers

  How Negative is Rosenblatt Securities on Synaptics Inc (NASDAQ:SYNA) Following Today’s Downgrade? The Target Price is $36.0

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.08, from 0.98 in 2017Q2. It increased, as 40 investors sold Synaptics Incorporated shares while 69 reduced holdings. 34 funds opened positions while 81 raised stakes. 34.89 million shares or 3.70% more from 33.64 million shares in 2017Q2 were reported.

Wedge Mngmt L L P Nc holds 0.01% in Synaptics Incorporated (NASDAQ:SYNA) or 13,906 shares. Ameritas Prtnrs holds 0.03% or 13,232 shares in its portfolio. Nationwide Fund Advsrs reported 77,295 shares. Comerica State Bank reported 0.01% stake. West Family Investments Incorporated has invested 0.12% in Synaptics Incorporated (NASDAQ:SYNA). Hgk Asset Management accumulated 10,101 shares. 70 were reported by Howe & Rusling. Moreover, California Public Employees Retirement Systems has 0% invested in Synaptics Incorporated (NASDAQ:SYNA) for 73,289 shares. Grandeur Peak Global Advsr owns 8,325 shares. Balyasny Asset Management Limited Company stated it has 16,524 shares or 0% of all its holdings. Tower Research Capital Ltd Llc (Trc) reported 4,168 shares stake. Jacobs Levy Equity Inc holds 0.33% or 429,898 shares. Alliancebernstein L P reported 0.01% of its portfolio in Synaptics Incorporated (NASDAQ:SYNA). Forte Cap Ltd Liability Corp Adv stated it has 0.3% in Synaptics Incorporated (NASDAQ:SYNA). D E Shaw And stated it has 134,522 shares.

Since January 12, 2018, it had 0 insider buys, and 2 sales for $1.01 million activity. Shares for $1.00 million were sold by Bergman Rick on Friday, January 12.

Synaptics Inc (NASDAQ:SYNA) Receives a Downgrade

New York-listed Synaptics Inc (NASDAQ:SYNA), was cut by equity research analysts at Rosenblatt Securities who cut their rating on the $1.37 billion market cap firm to a “Hold”, but decided to stick with their target price per share of $36.0 on SYNA shares.

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.08, from 0.98 in 2017Q2. It increased, as 40 investors sold Synaptics Incorporated shares while 69 reduced holdings. 34 funds opened positions while 81 raised stakes. 34.89 million shares or 3.70% more from 33.64 million shares in 2017Q2 were reported.

Wedge Mngmt L L P Nc holds 0.01% in Synaptics Incorporated (NASDAQ:SYNA) or 13,906 shares. Ameritas Prtnrs holds 0.03% or 13,232 shares in its portfolio. Nationwide Fund Advsrs reported 77,295 shares. Comerica State Bank reported 0.01% stake. West Family Investments Incorporated has invested 0.12% in Synaptics Incorporated (NASDAQ:SYNA). Hgk Asset Management accumulated 10,101 shares. 70 were reported by Howe & Rusling. Moreover, California Public Employees Retirement Systems has 0% invested in Synaptics Incorporated (NASDAQ:SYNA) for 73,289 shares. Grandeur Peak Global Advsr owns 8,325 shares. Balyasny Asset Management Limited Company stated it has 16,524 shares or 0% of all its holdings. Tower Research Capital Ltd Llc (Trc) reported 4,168 shares stake. Jacobs Levy Equity Inc holds 0.33% or 429,898 shares. Alliancebernstein L P reported 0.01% of its portfolio in Synaptics Incorporated (NASDAQ:SYNA). Forte Cap Ltd Liability Corp Adv stated it has 0.3% in Synaptics Incorporated (NASDAQ:SYNA). D E Shaw And stated it has 134,522 shares.

Since January 12, 2018, it had 0 insider buys, and 2 sales for $1.01 million activity. Shares for $1.00 million were sold by Bergman Rick on Friday, January 12.

Synaptics Incorporated (NASDAQ:SYNA) Ratings Coverage

Among 16 analysts covering Synaptics Inc (NASDAQ:SYNA), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Synaptics Inc has $118 highest and $35.0 lowest target. $62.07’s average target is 53.73% above currents $40.3761 stock price. Synaptics Inc had 67 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Synaptics Incorporated (NASDAQ:SYNA) earned “Hold” rating by Rosenblatt on Friday, November 3. The firm has “Hold” rating by KeyBanc Capital Markets given on Wednesday, October 11. The stock of Synaptics Incorporated (NASDAQ:SYNA) has “Neutral” rating given on Friday, April 29 by Mizuho. The firm earned “Buy” rating on Tuesday, January 12 by Lake Street. The firm has “Buy” rating by Craig Hallum given on Friday, August 4. The stock of Synaptics Incorporated (NASDAQ:SYNA) earned “Buy” rating by Needham on Friday, August 4. The company was maintained on Wednesday, October 11 by Cowen & Co. Oppenheimer downgraded the shares of SYNA in report on Monday, December 12 to “Underperform” rating. The firm earned “Buy” rating on Friday, July 31 by Dougherty & Company. Cross Research downgraded the shares of SYNA in report on Friday, April 15 to “Hold” rating.

The stock decreased 2.00% or $0.8239 during the last trading session, reaching $40.3761. About 433,261 shares traded. Synaptics Incorporated (NASDAQ:SYNA) has declined 12.49% since February 5, 2017 and is downtrending. It has underperformed by 29.19% the S&P500.

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company has market cap of $1.37 billion. The firm offers its human interface products solutions for mobile product applications, including smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer product applications, such as keyboards, mice, and desktop product applications. It has a 75.61 P/E ratio. The Company’s products include ClearPad, which enables users to interact directly with the display on smartphones and tablets; ClearView products that provide advanced image processing and low power technology for entry-level smartphones; TouchView products, which integrate touch and display technologies to deliver performance and simplified design; and Natural ID, a fingerprint ID product that is used in smartphones, tablets, notebook PCs, PC peripherals, and other applications.

More notable recent Synaptics Incorporated (NASDAQ:SYNA) news were published by: Globenewswire.com which released: “Synaptics AudioSmart Far-Field Voice Technology Featured on Harman/Kardon …” on January 09, 2018, also Globenewswire.com with their article: “Goertek, Synaptics Partner on ANC Technology for USB Type-C Headphones” published on January 08, 2018, Seekingalpha.com published: “Synaptics +13.5% after KeyBanc upgrade” on January 12, 2018. More interesting news about Synaptics Incorporated (NASDAQ:SYNA) were released by: Globenewswire.com and their article: “Synaptics Clear ID In-Display Optical Fingerprint Sensor Honored with Numerous …” published on January 16, 2018 as well as Globenewswire.com‘s news article titled: “Synaptics Broadens Voice-Enabled Ecosystem for Microsoft Cortana Integration” with publication date: January 08, 2018.

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