Shares of Synaptics Incorporated (NASDAQ:SYNA) have earned a consensus rating of “Hold” from the nineteen ratings firms that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $53.17.

Several equities analysts have issued reports on the company. Stifel Nicolaus reissued a “buy” rating on shares of Synaptics in a research note on Thursday, September 14th. Oppenheimer Holdings, Inc. reissued an “underperform” rating and issued a $35.00 price target on shares of Synaptics in a research note on Thursday, September 14th. KeyCorp reissued an “overweight” rating on shares of Synaptics in a research note on Thursday, September 14th. Zacks Investment Research raised Synaptics from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Thursday, August 31st. Finally, BidaskClub lowered Synaptics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd.

Shares of Synaptics (NASDAQ:SYNA) traded down 0.31% during mid-day trading on Friday, reaching $38.26. 847,395 shares of the company’s stock traded hands. Synaptics has a 12 month low of $37.39 and a 12 month high of $69.45. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 27.93 and a beta of 1.20. The company has a 50 day moving average of $39.94 and a 200 day moving average of $49.62.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The firm had revenue of $426.50 million for the quarter, compared to analyst estimates of $426.49 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The company’s revenue was up 31.7% compared to the same quarter last year. Analysts expect that Synaptics will post $4.55 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in SYNA. Harbour Capital Advisors LLC bought a new stake in Synaptics during the first quarter worth $104,000. Highlander Capital Management LLC bought a new stake in Synaptics during the second quarter worth $104,000. Riverhead Capital Management LLC grew its holdings in Synaptics by 95.0% during the second quarter. Riverhead Capital Management LLC now owns 2,730 shares of the software maker’s stock worth $141,000 after buying an additional 1,330 shares in the last quarter. LS Investment Advisors LLC grew its holdings in Synaptics by 17.9% during the second quarter. LS Investment Advisors LLC now owns 2,775 shares of the software maker’s stock worth $143,000 after buying an additional 421 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Synaptics by 51.0% during the second quarter. PNC Financial Services Group Inc. now owns 2,806 shares of the software maker’s stock worth $145,000 after buying an additional 948 shares in the last quarter. Institutional investors and hedge funds own 97.74% of the company’s stock.

Synaptics Company Profile

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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