Synaptics Incorporated (NASDAQ:SYNA) has been given a $53.00 price target by investment analysts at J P Morgan Chase & Co in a research report issued on Thursday, October 26th. The brokerage currently has a “buy” rating on the software maker’s stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 31.61% from the stock’s previous close.
A number of other research firms also recently commented on SYNA. Cowen and Company set a $60.00 price objective on shares of Synaptics and gave the stock a “buy” rating in a report on Wednesday, October 11th. Mizuho downgraded shares of Synaptics from a “buy” rating to a “neutral” rating and reduced their price target for the company from $60.00 to $42.00 in a report on Monday, October 9th. BidaskClub downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. BMO Capital Markets reaffirmed a “hold” rating and issued a $56.00 price target on shares of Synaptics in a report on Thursday, July 20th. Finally, Citigroup Inc. reaffirmed an “underperform” rating and issued a $35.00 price target (down previously from $45.00) on shares of Synaptics in a report on Tuesday, August 22nd. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Synaptics has a consensus rating of “Hold” and a consensus target price of $48.03.
Shares of Synaptics (NASDAQ SYNA) opened at $40.27 on Thursday. The firm has a market cap of $1,370.45, a PE ratio of 12.31, a PEG ratio of 0.96 and a beta of 1.17. The company has a quick ratio of 1.70, a current ratio of 2.35 and a debt-to-equity ratio of 0.59. Synaptics has a fifty-two week low of $33.73 and a fifty-two week high of $64.54.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Tuesday, November 7th. The software maker reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.46. The firm 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 firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 earnings per share. sell-side analysts expect that Synaptics will post 2.8 EPS for the current year.
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Several hedge funds have recently made changes to their positions in SYNA. BlackRock Inc. boosted its stake in shares of Synaptics by 23,834.7% in the first quarter. BlackRock Inc. now owns 4,199,575 shares of the software maker’s stock valued at $207,921,000 after purchasing an additional 4,182,029 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Synaptics by 16.0% in the second quarter. Ameriprise Financial Inc. now owns 5,048,535 shares of the software maker’s stock valued at $261,064,000 after purchasing an additional 697,328 shares during the period. Koch Industries Inc. purchased a new position in shares of Synaptics in the second quarter valued at $551,000. Prudential Financial Inc. boosted its stake in shares of Synaptics by 298.7% in the third quarter. Prudential Financial Inc. now owns 718,646 shares of the software maker’s stock valued at $28,157,000 after purchasing an additional 538,396 shares during the period. Finally, FMR LLC boosted its stake in shares of Synaptics by 387.8% in the first quarter. FMR LLC now owns 513,850 shares of the software maker’s stock valued at $25,441,000 after purchasing an additional 408,500 shares during the period. Institutional investors and hedge funds own 97.74% of the company’s stock.
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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