ValuEngine upgraded shares of Synaptics (NASDAQ:SYNA) from a sell rating to a hold rating in a research note released on Wednesday.
Several other research firms have also recently issued reports on SYNA. Craig Hallum cut Synaptics from a buy rating to a hold rating and set a $51.00 price objective on the stock. in a report on Thursday, June 21st. BidaskClub upgraded Synaptics from a strong sell rating to a sell rating in a report on Saturday, June 23rd. Zacks Investment Research cut Synaptics from a hold rating to a sell rating in a report on Saturday, July 7th. Stifel Nicolaus lifted their price objective on Synaptics from $54.00 to $62.00 and gave the stock a buy rating in a report on Wednesday, June 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Synaptics from $52.00 to $55.00 and gave the stock a buy rating in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $52.36.
Shares of Synaptics stock opened at $36.88 on Wednesday. The company has a quick ratio of 2.14, a current ratio of 2.61 and a debt-to-equity ratio of 0.62. Synaptics has a twelve month low of $33.73 and a twelve month high of $55.25. The stock has a market capitalization of $1.31 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77.
Synaptics (NASDAQ:SYNA) last posted its quarterly earnings data on Thursday, August 9th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.09. Synaptics had a positive return on equity of 11.07% and a negative net margin of 7.61%. The company had revenue of $388.50 million for the quarter, compared to analysts’ expectations of $391.75 million. During the same period in the previous year, the firm posted $1.18 EPS. Synaptics’s revenue was down 8.9% compared to the same quarter last year. Analysts forecast that Synaptics will post 2.9 earnings per share for the current fiscal year.
In other news, insider Rick Bergman sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $48.35, for a total transaction of $967,000.00. Following the transaction, the insider now directly owns 148,960 shares in the company, valued at approximately $7,202,216. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.70% of the company’s stock.
Several institutional investors have recently modified their holdings of SYNA. TRUE Private Wealth Advisors acquired a new position in shares of Synaptics during the 3rd quarter worth approximately $103,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Synaptics during the 2nd quarter worth approximately $166,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Synaptics by 53.3% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,315 shares of the software maker’s stock worth $197,000 after purchasing an additional 1,500 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new position in shares of Synaptics during the 1st quarter worth approximately $226,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in shares of Synaptics during the 2nd quarter worth approximately $252,000. Institutional investors and hedge funds own 98.18% of the company’s stock.
Synaptics Company Profile
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.
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