Synaptics (NASDAQ:SYNA) had its target price reduced by Craig Hallum from $56.00 to $50.00 in a research report released on Friday morning, Marketbeat reports. They currently have a buy rating on the software maker’s stock.

Several other research analysts also recently commented on SYNA. ValuEngine downgraded Synaptics from a hold rating to a sell rating in a report on Tuesday. TheStreet downgraded Synaptics from a c- rating to a d+ rating in a report on Friday, October 19th. Lake Street Capital reiterated a hold rating and issued a $52.00 price objective on shares of Synaptics in a report on Friday, August 10th. Zacks Investment Research downgraded Synaptics from a buy rating to a hold rating in a report on Thursday, October 11th. Finally, BMO Capital Markets boosted their price target on Synaptics from $39.00 to $44.00 and gave the company a market perform rating in a report on Friday, August 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $53.50.

Shares of SYNA traded up $1.98 during trading hours on Friday, hitting $36.91. The company had a trading volume of 2,468,430 shares, compared to its average volume of 516,839. The company has a market cap of $1.26 billion, a P/E ratio of 18.64, a P/E/G ratio of 1.24 and a beta of 0.94. The company has a current ratio of 2.61, a quick ratio of 2.14 and a debt-to-equity ratio of 0.62. Synaptics has a 52-week low of $34.66 and a 52-week high of $55.25.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, November 8th. The software maker reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.10. The firm had revenue of $417.60 million for the quarter, compared to the consensus estimate of $410.60 million. Synaptics had a positive return on equity of 11.07% and a negative net margin of 7.61%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. Equities research analysts forecast that Synaptics will post 2.9 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. TRUE Private Wealth Advisors purchased a new position in Synaptics during the 3rd quarter valued at about $103,000. Truvestments Capital LLC purchased a new position in Synaptics during the 3rd quarter valued at about $156,000. PNC Financial Services Group Inc. increased its holdings in Synaptics by 83.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,443 shares of the software maker’s stock valued at $157,000 after purchasing an additional 1,566 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Synaptics during the 2nd quarter valued at about $166,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in Synaptics by 53.3% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,315 shares of the software maker’s stock valued at $197,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 98.32% of the company’s stock.

Synaptics Company Profile

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.

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Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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