Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Synaptics (NASDAQ:SYNA) Inc on Tuesday, setting a price target of $77, which is approximately 6.56% above the present share price of $72.26.
Rakesh expects Synaptics Inc to post earnings per share (EPS) of $0.15 for the second quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Hold rating of shares in Synaptics, with an average price target of $76.
The analysts price targets range from a high of $100 to a low of $40.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $328.1 million and a net profit of $25.3 million. The company's market cap is $2.35 billion.
According to TipRanks.com, Mizuho Securities analyst Vijay Rakesh is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.8% and a 64.10% success rate.
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.