Market Overview

UPDATE: Sterne Agee Raises PT on Synaptics on Galaxy S4 Design Win

Related SYNA
Synaptics Buy Thesis Unchanged At Mizuho, Despite Bloomberg Report Of Rejected Bid
Stocks To Watch For October 1, 2015

Sterne Agee analyst Shaw Wu published a report on Synaptics (NASDAQ: SYNA) that maintained its buy rating and raised the price target from $40 to $45.

Sterne Agee reported that, “We continue to believe the company will benefit from strong momentum in its mobile business (57% of revenue) with recent smartphone and tablet design wins at several key OEMs, including LG, HTC, NOK, Lenovo, Huawei, and ZTE. We believe this will likely continue to offset weaker trends in its PC business (43%).”

Shares of Synaptics closed at $39.78 on Wednesday.

Latest Ratings for SYNA

Jul 2015Stifel NicolausMaintainsBuy
Jun 2015
Jun 2015JP MorganMaintainsOverweight

View More Analyst Ratings for SYNA
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Price Target Analyst Ratings


Related Articles (SYNA)

View Comments and Join the Discussion!

Get Benzinga's Newsletters