Synaptics’ (NASDAQ:SYNA) “Hold” Rating Reiterated at KeyCorp

Synaptics (NASDAQ:SYNA)‘s stock had its “hold” rating reiterated by investment analysts at KeyCorp in a note issued to investors on Sunday, November 19th.

A number of other equities research analysts also recently commented on the company. Craig Hallum reiterated a “buy” rating and issued a $43.00 price objective (down previously from $55.00) on shares of Synaptics in a report on Wednesday, November 8th. Oppenheimer reiterated a “sell” rating and issued a $35.00 price objective on shares of Synaptics in a report on Wednesday, November 8th. Stifel Nicolaus lowered their price target on Synaptics from $68.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Rosenblatt Securities downgraded Synaptics from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Friday, November 3rd. Finally, J P Morgan Chase & Co set a $53.00 price objective on Synaptics and gave the stock a “buy” rating in a report on Thursday, October 26th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $48.03.

Synaptics (SYNA) traded down $1.47 during trading on Friday, reaching $35.40. The company’s stock had a trading volume of 873,275 shares, compared to its average volume of 891,755. 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 firm has a market capitalization of $1,311.57, a price-to-earnings ratio of 11.79, a P/E/G ratio of 0.92 and a beta of 1.19. Synaptics has a one year low of $33.73 and a one year high of $64.54.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Tuesday, November 7th. The software maker reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.46. Synaptics had a return on equity of 15.85% and a net margin of 1.06%. The business had revenue of $417.40 million for the quarter, compared to analyst estimates of $398.68 million. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. equities analysts forecast that Synaptics will post 2.8 EPS for the current year.

In other Synaptics news, CFO Wajid Ali sold 2,918 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $41.75, for a total transaction of $121,826.50. Following the transaction, the chief financial officer now owns 27,281 shares in the company, valued at approximately $1,138,981.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Rick Bergman sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $40.00, for a total value of $80,000.00. Following the transaction, the insider now owns 130,307 shares in the company, valued at approximately $5,212,280. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Tiedemann Wealth Management LLC boosted its holdings in shares of Synaptics by 17.9% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 16,335 shares of the software maker’s stock valued at $103,000 after acquiring an additional 2,485 shares in the last quarter. Highlander Capital Management LLC acquired a new stake in shares of Synaptics during the 2nd quarter valued at $104,000. Victory Capital Management Inc. acquired a new stake in shares of Synaptics during the 3rd quarter valued at $120,000. Riverhead Capital Management LLC boosted its holdings in shares of Synaptics by 95.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,730 shares of the software maker’s stock valued at $141,000 after acquiring an additional 1,330 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in shares of Synaptics by 17.9% during the 2nd quarter. LS Investment Advisors LLC now owns 2,775 shares of the software maker’s stock valued at $143,000 after acquiring an additional 421 shares in the last quarter. Institutional investors own 97.74% of the company’s stock.

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About Synaptics

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.

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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