Synaptics (NASDAQ:SYNA) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Saturday.
Other equities research analysts have also recently issued reports about the stock. Rosenblatt Securities cut shares of Synaptics from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research report on Friday, November 3rd. Cowen set a $60.00 target price on shares of Synaptics and gave the company a “buy” rating in a research report on Wednesday, October 11th. KeyCorp reiterated a “hold” rating on shares of Synaptics in a research report on Sunday, November 19th. Craig Hallum reiterated a “buy” rating and issued a $43.00 target price (down from $55.00) on shares of Synaptics in a research report on Wednesday, November 8th. Finally, JPMorgan Chase & Co. set a $53.00 target price on shares of Synaptics and gave the company a “buy” rating in a research report on Thursday, October 26th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Synaptics presently has a consensus rating of “Hold” and an average price target of $48.03.
Synaptics (SYNA) opened at $49.76 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1,693.41, a price-to-earnings ratio of 101.55, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20. Synaptics has a twelve month low of $33.73 and a twelve month high of $64.54.
Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Tuesday, November 7th. The software maker reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.46. The business had revenue of $417.40 million for the quarter, compared to the consensus estimate of $398.68 million. Synaptics had a net margin of 1.06% and a return on equity of 15.85%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. equities research analysts predict that Synaptics will post 2.8 EPS for the current year.
In other Synaptics news, CFO Wajid Ali sold 2,918 shares of the stock in a transaction dated 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 legal filing with the SEC, which is available at this link. Also, insider Rick Bergman sold 2,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was 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. 3.70% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC boosted its stake in Synaptics by 100.4% during the third quarter. Jane Street Group LLC now owns 9,075 shares of the software maker’s stock worth $356,000 after buying an additional 4,547 shares during the period. Advisory Services Network LLC boosted its stake in Synaptics by 1.7% during the second quarter. Advisory Services Network LLC now owns 4,510 shares of the software maker’s stock worth $233,000 after buying an additional 75 shares during the period. Koch Industries Inc. purchased a new position in Synaptics during the second quarter worth about $551,000. Trexquant Investment LP purchased a new position in Synaptics during the third quarter worth about $804,000. Finally, LSV Asset Management boosted its stake in Synaptics by 5.6% during the second quarter. LSV Asset Management now owns 115,723 shares of the software maker’s stock worth $5,984,000 after buying an additional 6,100 shares during the period.
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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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