Synaptics Incorporated (NASDAQ:SYNA) has been assigned an average rating of “Hold” from the twenty research firms that are presently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $50.50.
Several analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $55.00 price objective (down from $65.00) on shares of Synaptics in a report on Friday, August 4th. CIBC restated an “underperform” rating and issued a $35.00 price objective (down from $45.00) on shares of Synaptics in a report on Tuesday, August 22nd. Zacks Investment Research lowered shares of Synaptics from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub lowered shares of Synaptics from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Craig Hallum upgraded shares of Synaptics from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $62.00 to $55.00 in a report on Friday, August 4th.
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Several institutional investors and hedge funds have recently made changes to their positions in the stock. Third Avenue Management LLC increased its position in shares of Synaptics by 6.0% during the third quarter. Third Avenue Management LLC now owns 96,807 shares of the software maker’s stock valued at $3,793,000 after acquiring an additional 5,500 shares in the last quarter. Peregrine Capital Management LLC increased its position in shares of Synaptics by 37.2% during the third quarter. Peregrine Capital Management LLC now owns 169,044 shares of the software maker’s stock valued at $6,623,000 after acquiring an additional 45,874 shares in the last quarter. Cardinal Capital Management increased its position in shares of Synaptics by 29.8% during the third quarter. Cardinal Capital Management now owns 22,896 shares of the software maker’s stock valued at $897,000 after acquiring an additional 5,257 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Synaptics during the third quarter valued at approximately $298,000. Finally, Smith Graham & Co. Investment Advisors LP increased its position in shares of Synaptics by 34.1% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 237,895 shares of the software maker’s stock valued at $9,321,000 after acquiring an additional 60,520 shares in the last quarter. 99.96% of the stock is owned by institutional investors.
Shares of Synaptics (NASDAQ SYNA) opened at 36.22 on Friday. Synaptics has a 12 month low of $34.25 and a 12 month high of $69.18. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 26.44 and a beta of 1.20. The company has a 50-day moving average price of $38.29 and a 200-day moving average price of $48.22.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.11. Synaptics had a net margin of 2.84% and a return on equity of 16.51%. The business had revenue of $426.50 million during the quarter, compared to analyst estimates of $426.49 million. During the same period last year, the business posted $0.46 earnings per share. Synaptics’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, equities analysts anticipate that Synaptics will post $4.48 EPS for the current year.
Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.
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