Synaptics (NASDAQ:SYNA) was upgraded by Oppenheimer from an “underperform” rating to a “market perform” rating in a research report issued on Friday.
Several other equities analysts have also issued reports on SYNA. UBS raised Synaptics from an “underperform” rating to a “market perform” rating in a research note on Friday. BidaskClub lowered Synaptics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Citigroup reissued an “underperform” rating and set a $35.00 target price (down previously from $45.00) on shares of Synaptics in a research note on Tuesday, August 22nd. CIBC reissued an “underperform” rating and set a $35.00 target price (down previously from $45.00) on shares of Synaptics in a research note on Tuesday, August 22nd. Finally, Zacks Investment Research raised Synaptics from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Thursday, August 31st. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $48.03.
Synaptics (NASDAQ SYNA) opened at $36.23 on Friday. Synaptics has a 12 month low of $33.73 and a 12 month high of $64.54. The company has a market capitalization of $1,204.71, a price-to-earnings ratio of 10.83, a PEG ratio of 0.84 and a beta of 1.19. 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 (NASDAQ:SYNA) last announced its quarterly earnings results on Tuesday, November 7th. The software maker reported $1.03 EPS for the quarter, beating the Thomson Reuters’ 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 company posted $1.03 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. sell-side analysts expect that Synaptics will post 2.8 earnings per share for the current year.
In other Synaptics news, CFO Wajid Ali sold 2,918 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $41.75, for a total value of $121,826.50. Following the sale, the chief financial officer now owns 27,281 shares of the company’s stock, valued at approximately $1,138,981.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rick Bergman sold 2,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the sale, the insider now directly owns 130,307 shares in the company, valued at approximately $5,212,280. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Tiedemann Wealth Management LLC increased its holdings in shares of Synaptics by 17.9% in 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 during the last quarter. Highlander Capital Management LLC purchased a new position in shares of Synaptics in the 2nd quarter valued at about $104,000. Victory Capital Management Inc. purchased a new position in shares of Synaptics in the 3rd quarter valued at about $120,000. Riverhead Capital Management LLC increased its holdings in shares of Synaptics by 95.0% in 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 during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Synaptics by 51.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,806 shares of the software maker’s stock valued at $145,000 after acquiring an additional 948 shares during the last quarter. 97.74% of the stock is currently owned by institutional investors.
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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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