Is Synaptics (SYNA) Fairly Priced After Recent Share Price Rebound?
- If you are wondering whether Synaptics shares are offering fair value right now, it helps to look past the headlines and focus on what the numbers are actually saying.
- The stock last closed at US$85.60, with returns of 15.9% over 30 days and 13.0% year to date, although the 7 day return of a 6.0% decline and a 31.8% decline over three years show a mixed picture for longer term holders.
- Over the past year, Synaptics shares have returned 2.7%, while the 5 year return stands at a 13.7% decline. This frames recent moves within a longer phase of weaker performance. This context is important because it means short term strength sits against a backdrop of longer term volatility and changing expectations.
- On our valuation checks, Synaptics…
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