Synaptics, Incorporated (NASDAQ:SYNA) has been assigned an average rating of “Hold” from the twenty-one ratings firms that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $49.03.
A number of analysts have recently weighed in on SYNA shares. Cowen set a $60.00 price target on shares of Synaptics and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Stifel Nicolaus reissued a “buy” rating on shares of Synaptics in a research report on Thursday, September 14th. Zacks Investment Research raised shares of Synaptics from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Thursday, August 31st. J P Morgan Chase & Co set a $53.00 price target on shares of Synaptics and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Craig Hallum reissued a “buy” rating and set a $43.00 price target (down previously from $55.00) on shares of Synaptics in a research report on Wednesday, November 8th.
In other news, CFO Wajid Ali sold 2,918 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $41.75, for a total transaction of $121,826.50. Following the completion of the transaction, the chief financial officer now owns 27,281 shares of the company’s stock, valued at $1,138,981.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Rick Bergman sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the transaction, the insider now directly owns 130,307 shares of the company’s stock, valued at approximately $5,212,280. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its holdings in shares of Synaptics by 64.9% during the second quarter. BNP Paribas Arbitrage SA now owns 20,645 shares of the software maker’s stock valued at $1,068,000 after acquiring an additional 8,126 shares during the period. Artemis Investment Management LLP boosted its holdings in shares of Synaptics by 2,784.7% during the second quarter. Artemis Investment Management LLP now owns 61,791 shares of the software maker’s stock valued at $3,195,000 after acquiring an additional 59,649 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Synaptics by 1.7% during the second quarter. Advisory Services Network LLC now owns 4,510 shares of the software maker’s stock valued at $233,000 after acquiring an additional 75 shares during the period. Chicago Equity Partners LLC acquired a new position in shares of Synaptics during the second quarter valued at $879,000. Finally, Koch Industries Inc. acquired a new position in shares of Synaptics during the second quarter valued at $551,000. 97.74% of the stock is owned by institutional investors.
Synaptics (NASDAQ SYNA) traded down $1.02 during mid-day trading on Friday, hitting $40.03. 1,356,900 shares of the stock were exchanged, compared to its average volume of 905,513. Synaptics has a twelve month low of $33.73 and a twelve month high of $64.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.35 and a quick ratio of 1.70. The firm has a market capitalization of $1,376.91, a P/E ratio of 12.37, a P/E/G ratio of 0.97 and a beta of 1.19.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Tuesday, November 7th. The software maker reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.46. Synaptics had a net margin of 1.06% and a return on equity of 15.85%. The business had revenue of $417.40 million during the quarter, compared to the consensus estimate of $398.68 million. During the same quarter last year, the company earned $1.03 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. research analysts forecast that Synaptics will post 2.8 EPS for the current fiscal year.
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Synaptics Company Profile
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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