Shares of Synaptics, Incorporated (NASDAQ:SYNA) have received a consensus rating of “Hold” from the seventeen brokerages that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $49.50.
Several research analysts have issued reports on the stock. Cowen set a $60.00 target price on shares of Synaptics and gave the stock a “buy” rating in a report on Tuesday, May 8th. BidaskClub cut shares of Synaptics from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 11th. Mizuho upgraded shares of Synaptics from a “neutral” rating to a “buy” rating and raised their price target for the company from $42.00 to $55.00 in a report on Wednesday, April 11th. ValuEngine upgraded shares of Synaptics from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Rosenblatt Securities restated a “hold” rating and issued a $48.00 price target on shares of Synaptics in a report on Sunday, May 13th.
In related news, Director Russell J. Knittel sold 15,000 shares of Synaptics stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $43.45, for a total value of $651,750.00. Following the completion of the sale, the director now directly owns 17,688 shares in the company, valued at approximately $768,543.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Francis F. Lee sold 152,416 shares of Synaptics stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $45.41, for a total transaction of $6,921,210.56. Following the completion of the sale, the director now owns 110,210 shares of the company’s stock, valued at $5,004,636.10. The disclosure for this sale can be found here. Insiders sold a total of 197,801 shares of company stock worth $8,886,247 over the last 90 days. Company insiders own 3.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its stake in Synaptics by 977.2% in the 4th quarter. SG Americas Securities LLC now owns 29,343 shares of the software maker’s stock worth $1,172,000 after purchasing an additional 26,619 shares in the last quarter. Schroder Investment Management Group boosted its stake in Synaptics by 2,792.0% in the 4th quarter. Schroder Investment Management Group now owns 356,784 shares of the software maker’s stock worth $14,250,000 after purchasing an additional 344,447 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Synaptics in the 4th quarter worth approximately $264,000. Schwab Charles Investment Management Inc. boosted its stake in Synaptics by 9.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 241,753 shares of the software maker’s stock worth $9,656,000 after purchasing an additional 21,607 shares in the last quarter. Finally, Aperio Group LLC raised its position in Synaptics by 60.3% during the 4th quarter. Aperio Group LLC now owns 10,718 shares of the software maker’s stock worth $428,000 after buying an additional 4,032 shares during the last quarter.
Synaptics stock traded up $0.29 during midday trading on Friday, hitting $48.09. 939,145 shares of the company’s stock were exchanged, compared to its average volume of 775,117. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.50 and a quick ratio of 2.09. Synaptics has a 12 month low of $33.73 and a 12 month high of $61.18. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 2.15 and a beta of 0.91.
Synaptics (NASDAQ:SYNA) last issued its earnings results on Wednesday, May 9th. The software maker reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.01. Synaptics had a negative net margin of 6.28% and a positive return on equity of 11.99%. The company had revenue of $394.00 million for the quarter, compared to analysts’ expectations of $401.97 million. During the same period in the prior year, the business earned $1.27 EPS. The firm’s quarterly revenue was down 11.3% on a year-over-year basis. equities analysts expect that Synaptics will post 2.25 earnings per share for the current year.
Synaptics Company Profile
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its human interface products solutions for mobile product applications, including smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications, such as keyboards, mice, and desktop product applications.
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