Synaptics (NASDAQ:SYNA) Upgraded to Hold at StockNews.com

Synaptics (NASDAQ:SYNAGet Free Report) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

SYNA has been the subject of a number of other research reports. TD Cowen upped their target price on shares of Synaptics from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday. KeyCorp upped their price objective on shares of Synaptics from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Friday. Rosenblatt Securities upped their price objective on shares of Synaptics from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday. Needham & Company LLC upped their price objective on shares of Synaptics from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday. Finally, Mizuho dropped their price objective on shares of Synaptics from $127.00 to $124.00 and set a “buy” rating for the company in a report on Friday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.36.

Read Our Latest Stock Analysis on SYNA

Synaptics Price Performance

NASDAQ SYNA traded up $1.47 on Monday, hitting $113.68. The company had a trading volume of 301,924 shares, compared to its average volume of 333,853. The company has a market capitalization of $4.47 billion, a PE ratio of -57.13 and a beta of 1.61. The company’s fifty day moving average price is $109.53 and its 200-day moving average price is $97.46. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.53 and a quick ratio of 4.04. Synaptics has a 12-month low of $67.73 and a 12-month high of $129.34.

Synaptics (NASDAQ:SYNAGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.46 by $0.11. The company had revenue of $237.00 million during the quarter, compared to analyst estimates of $235.26 million. Synaptics had a negative net margin of 7.54% and a positive return on equity of 3.01%. The firm’s revenue was down 32.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.47 EPS. As a group, analysts predict that Synaptics will post -0.49 earnings per share for the current year.

Insider Buying and Selling

In other Synaptics news, insider John Mcfarland sold 884 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $105.83, for a total value of $93,553.72. Following the transaction, the insider now directly owns 15,183 shares in the company, valued at $1,606,816.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Synaptics

Several hedge funds have recently modified their holdings of the stock. Metropolitan Life Insurance Co NY raised its stake in shares of Synaptics by 3.8% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,443 shares of the software maker’s stock worth $232,000 after buying an additional 89 shares during the last quarter. US Bancorp DE raised its stake in shares of Synaptics by 2.7% during the 4th quarter. US Bancorp DE now owns 3,480 shares of the software maker’s stock worth $397,000 after buying an additional 93 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Synaptics by 2.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,511 shares of the software maker’s stock worth $446,000 after buying an additional 123 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Synaptics by 10.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,352 shares of the software maker’s stock worth $270,000 after buying an additional 128 shares during the last quarter. Finally, Point72 Hong Kong Ltd raised its stake in shares of Synaptics by 12.2% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,241 shares of the software maker’s stock worth $248,000 after buying an additional 135 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Synaptics Company Profile

(Get Free Report)

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.

See Also

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

Receive News & Ratings for Synaptics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synaptics and related companies with MarketBeat.com's FREE daily email newsletter.