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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
Apr 2016Mizuho SecuritiesDowngradesBuyNeutral
Apr 2016Cross ResearchDowngradesBuyHold
Apr 2016Redstone TechnologyInitiates Coverage onPositive

View More Analyst Ratings for SYNA
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Posted-In: Sterne AgeeAnalyst Color Price Target Analyst Ratings

 

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