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

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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

DateFirmActionFromTo
May 2015Mizuho SecuritiesInitiates Coverage onBuy
Apr 2015BMO CapitalMaintainsOutperform
Mar 2015Northland SecuritiesInitiates Coverage onOutperform

View More Analyst Ratings for SYNA
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Price Target Analyst Ratings

 

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