UPDATE: JPMorgan Assumes Synaptics (SYNA) at Overweight

JPMorgan analyst Bill Peterson assumes coverage on Synaptics (NASDAQ: SYNA) with a Overweight rating and a price target of $175.00.

The analyst comments "Synaptics has meaningfully improved its profitability profile in the past few years by increasing its focus on more lucrative/higher value-add segments of the markets it serves, especially adding capabilities to address fastgrowing (and higher profitable) IoT and embedded markets and away from more commodity-like segments of mobile and PC markets."

For an analyst ratings summary and ratings history on Synaptics click here. For more ratings news on Synaptics click here.

Shares of Synaptics closed at $134.57 yesterday.

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