Shares of Synaptics (NASDAQ:SYNA) have received an average recommendation of “Hold” from the nineteen brokerages that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $48.88.
A number of research analysts recently issued reports on SYNA shares. Craig Hallum reiterated a “buy” rating and issued a $49.00 target price (up from $43.00) on shares of Synaptics in a research note on Thursday, February 8th. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 target price on shares of Synaptics in a research note on Tuesday, February 6th. ValuEngine lowered shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Stifel Nicolaus lowered their target price on shares of Synaptics from $59.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, Mizuho upgraded shares of Synaptics from a “neutral” rating to a “buy” rating and raised their target price for the company from $42.00 to $55.00 in a research note on Wednesday, April 11th.
NASDAQ:SYNA traded up $0.32 during midday trading on Friday, reaching $44.03. The stock had a trading volume of 428,307 shares, compared to its average volume of 713,276. Synaptics has a 1-year low of $33.73 and a 1-year high of $64.54. The company has a current ratio of 2.36, a quick ratio of 1.85 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1,538.99, a PE ratio of 13.26, a PEG ratio of 1.18 and a beta of 0.91.
Synaptics (NASDAQ:SYNA) last posted its earnings results on Wednesday, February 7th. The software maker reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.03. Synaptics had a negative net margin of 5.04% and a positive return on equity of 13.70%. The business had revenue of $430.40 million for the quarter, compared to analyst estimates of $430.59 million. During the same period last year, the business posted $1.49 EPS. Synaptics’s revenue was down 6.7% compared to the same quarter last year. analysts anticipate that Synaptics will post 2.53 EPS for the current fiscal year.
In other Synaptics news, Director Nelson C. Chan sold 3,000 shares of the stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $45.17, for a total value of $135,510.00. Following the completion of the sale, the director now directly owns 25,231 shares of the company’s stock, valued at approximately $1,139,684.27. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP John Mcfarland sold 641 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $45.00, for a total transaction of $28,845.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,158 shares of company stock valued at $278,444. Insiders own 3.70% of the company’s stock.
Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in shares of Synaptics by 977.2% during the 4th quarter. SG Americas Securities LLC now owns 29,343 shares of the software maker’s stock worth $1,172,000 after acquiring an additional 26,619 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Synaptics by 13.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 220,146 shares of the software maker’s stock worth $8,626,000 after acquiring an additional 25,594 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Synaptics by 2,792.0% during the 4th quarter. Schroder Investment Management Group now owns 356,784 shares of the software maker’s stock worth $14,250,000 after acquiring an additional 344,447 shares during the period. First Quadrant L P CA lifted its holdings in shares of Synaptics by 671.1% during the 4th quarter. First Quadrant L P CA now owns 7,711 shares of the software maker’s stock worth $308,000 after acquiring an additional 6,711 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Synaptics during the 4th quarter worth about $264,000. 99.64% of the stock is owned by hedge funds and other institutional investors.
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Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its human interface products solutions for mobile product applications, including smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications, such as keyboards, mice, and desktop product applications.
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