KeyCorp reaffirmed their hold rating on shares of Synaptics Incorporated (NASDAQ:SYNA) in a report published on Sunday morning.

A number of other brokerages have also weighed in on SYNA. Stifel Nicolaus restated a buy rating and set a $68.00 target price on shares of Synaptics in a research report on Friday, July 28th. Cowen and Company set a $75.00 target price on shares of Synaptics and gave the stock an outperform rating in a research report on Thursday, July 27th. BidaskClub lowered shares of Synaptics from a hold rating to a sell rating in a research report on Monday, July 24th. BMO Capital Markets dropped their target price on shares of Synaptics from $56.00 to $46.00 and set a market perform rating for the company in a research report on Friday, August 4th. Finally, Needham & Company LLC restated a buy rating and set a $55.00 target price (down previously from $65.00) on shares of Synaptics in a research report on Friday, August 4th. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Synaptics currently has a consensus rating of Hold and a consensus target price of $48.03.

Synaptics (NASDAQ SYNA) opened at $39.97 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.35. Synaptics has a 12-month low of $33.73 and a 12-month high of $64.54. The firm has a market cap of $1,350.00, a price-to-earnings ratio of 11.59, a P/E/G ratio of 0.90 and a beta of 1.17.

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

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In other news, CFO Wajid Ali sold 2,918 shares of the stock in a transaction on Wednesday, November 8th. The shares were 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 $1,138,981.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Rick Bergman sold 2,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $40.00, for a total transaction 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. Corporate insiders own 3.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of SYNA. Legal & General Group Plc increased its stake in Synaptics by 25.1% in the 1st quarter. Legal & General Group Plc now owns 22,586 shares of the software maker’s stock worth $1,118,000 after buying an additional 4,526 shares during the period. Thrivent Financial For Lutherans increased its stake in Synaptics by 13.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 6,710 shares of the software maker’s stock worth $332,000 after buying an additional 780 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Synaptics by 6.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 181,292 shares of the software maker’s stock worth $8,976,000 after buying an additional 11,082 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in Synaptics in the 2nd quarter worth about $348,000. Finally, Oregon Public Employees Retirement Fund increased its stake in Synaptics by 4.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 12,792 shares of the software maker’s stock worth $661,000 after buying an additional 526 shares during the period. 97.74% of the stock is currently owned by institutional investors.

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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