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SYNA

Synaptics

$33.45

-9.73 (-22.53%)

07:20
03/19/19
03/19
07:20
03/19/19
07:20

Synaptics price target lowered to $35 from $42 at BMO Capital

BMO Capital analyst Ambrish Srivastava lowered his price target on Synaptics to $35 and kept his Market Perform rating after the company's announced "immediate" CEO departure and Q3 outlook at the lower end of its earlier forecast late on Friday. The analyst also lowers his FY19 and FY20 EPS outlook to $4.23 and $3.57 from $4.52 and $4.26 respectively while noting that the shares remain "reasonably valued" at these levels in spite of Monday's 22% stock price decline.

  • 28

    May

SYNA Synaptics
$33.45

-9.73 (-22.53%)

02/08/19
NEED
02/08/19
NO CHANGE
Target $60
NEED
Buy
Synaptics price target raised to $60 from $50 at Needham
Needham analyst Rajvindra Gill raised his price target on Synaptics to $60 and kept his Buy rating after its better than expected Q2 results. While the company's revenue outlook was down 15% on the quarter due to continued softness in Internet of Things and Mobile segments, the analyst is encouraged by its shift from latter to former, which he sees as a "long-term growth driver".
02/08/19
02/08/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Fiat Chrysler (FCAU) downgraded to Equal Weight from Overweight at Barclays with analyst Brian Johnson saying he is surprised by the "NAFTA earnings plateau" and views the company's 2020 targets as aggressive. 2. Kellogg (K) downgraded to Hold from Buy at Pivotal Research with analyst Timothy Ramey saying the company's adjusted earnings in Q4 disappointed and it "celebrated 0% organic top line growth for the year citing the heavy lift of reversing the negative trajectory." 3. NXP Semiconductors (NXPI) downgraded to Neutral from Buy at Mizuho with analyst Vijay Rakesh saying with the stock up 40% from the December lows, high China auto inventory and Europe's Worldwide Harmonised Light Vehicle Test Procedure "could present challenges and limit upside." 4. Synaptics (SYNA) downgraded to Neutral from Overweight at JPMorgan with analyst Paul Coster saying the company reported "solid" fiscal Q2 results, driven by further improvement in gross margins, but issued "slightly disappointing" Q3 guidance owing to soft demand in the handset market. 5. Knowles (KN) downgraded to Hold from Buy at Lake Street with analyst Jaeson Schmidt saying while the company can be the dominant player in the market and think its share at Apple (AAPL) is set to remain stable in the future, increasing uncertainty on the health of the global smartphone market could create headwinds to the stock's multiple. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/18/19
MZHO
03/18/19
DOWNGRADE
Target $39
MZHO
Neutral
Synaptics downgraded to Neutral from Buy at Mizuho
Mizuho analyst Vijay Rakesh downgraded Synaptics to Neutral from Buy after the company announced the departure of its CEO and guided the March quarter towards the lower end of its prior guidance. The analyst sees "significant and multiple challenges" for the company following the news and his channel checks in Asia which indicate market share losses. He cut his price target for the shares to $39 from $48.
03/18/19
JPMS
03/18/19
NO CHANGE
Target $45
JPMS
Neutral
Synaptics price target lowered to $45 from $50 at JPMorgan
JPMorgan analyst Paul Coster lowered his price target for Synaptics to $45 from $50 after the company negatively preannounced Q3 results and said CEO Rich Bergman will be departing immediately. In a research note titled "Mildly Negative F3Q19 Preannouncement; CEO Resigns; Typically Not Good Things," the analyst says he expects the demand environment to remain soft for Synaptics. He keeps a Neutral rating on the shares.

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