Synaptics (SYNA) PT Raised to $65 at Needham & Company; Reiterates Buy

Needham & Company raised its price target on Synaptics (NASDAQ: SYNA) to $65.00 (from $60.00) while maintaining a Buy rating.

SYNA’s 2Q results came in above expectations with revenue of $444.2 million, compared to the consensus estimate of $430.2 million. Non-GAAP EPS of $1.27 compared to $1.20 consensus. SYNA guided 3Q revenue of $410-$450 million. Non-GAAP EPS was guided to $1.05-$1.35.

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