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Synaptics Inc (SYNA) rating reiterates by TD Cowen

In a filing, Synaptics Inc revealed its insider Gupta Vikram unloaded Company’s shares for reported $0.38 million on Mar 01 ’24. In the deal valued at $105.75 per share,3,616 shares were sold. As a result of this transaction, Gupta Vikram now holds 31,847 shares worth roughly $2.83 million.

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Then, Butler Dean Warren sold 3,477 shares, generating $367,965 in total proceeds. Upon selling the shares at $105.83, the insider now owns 46,107 shares.

Before that, McFarland John sold 884 shares. Synaptics Inc shares valued at $93,557 were divested by the insider at a price of $105.83 per share. As a result of the transaction, McFarland John now holds 15,183 shares, worth roughly $1.35 million.

TD Cowen reiterated its Synaptics Inc [SYNA] rating to a Buy in a research note published on May 10, 2024; the price target was $115. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early February has reiterated a ‘”an Outperform”‘ rating for it. Craig Hallum also remained covering SYNA and has decreased its forecast on February 09, 2024 with a “Hold” recommendation from previously “Buy” rating. JP Morgan started covering the stock on December 08, 2023. It rated SYNA as “an Overweight”.

Price Performance Review of SYNA

On Friday, Synaptics Inc [NASDAQ:SYNA] saw its stock fall -2.97% to $88.94. Over the last five days, the stock has lost -1.52%. Synaptics Inc shares have fallen nearly -22.04% since the year began. Nevertheless, the stocks have risen 16.16% over the past one year. While a 52-week high of $121.37 was reached on 02/12/24, a 52-week low of $72.64 was recorded on 04/23/24. SMA at 50 days reached $94.26, while 200 days put it at $96.85. A total of 0.85 million shares were traded, compared to the trading of 0.67 million shares in the previous session.

Levels Of Support And Resistance For SYNA Stock

The 24-hour chart illustrates a support level at 85.10, which if violated will result in even more drops to 81.27. On the upside, there is a resistance level at 90.91. A further resistance level may holdings at 92.89. The Relative Strength Index (RSI) on the 14-day chart is 45.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.88%. Stochastics %K at 78.32% indicates the stock is a holding.

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