Somewhat Positive Press Coverage Somewhat Unlikely to Impact Synaptics (NASDAQ:SYNA) Stock Price
Media stories about Synaptics (NASDAQ:SYNA) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Synaptics earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 45.8145343663496 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Synaptics Inc (SYNA) Awesome Oscillator Building Momentum – Evergreen Caller (evergreencaller.com)
- Insider SANQUINI RICHARD L bought 399 Shares Of Synaptics Incorporated (SYNA) – Economic News (economicsandmoney.com)
- Synaptics Incorporated (SYNA) Holdings Up in Latest Report from Dimensional Fund Advisors Lp – Modern Readers (modernreaders.com)
- Synaptics Incorporated (SYNA) Holdings Increased by Dimensional Fund Advisors Lp (highlightpress.com)
- See what the IHS Markit Score report has to say about Synaptics Inc. (finance.yahoo.com)
A number of research analysts have recently weighed in on the company. BidaskClub downgraded Synaptics from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. BMO Capital Markets lowered their price target on Synaptics from $56.00 to $46.00 and set a “market perform” rating on the stock in a report on Friday, August 4th. Needham & Company LLC reiterated a “buy” rating and set a $55.00 price target (down previously from $65.00) on shares of Synaptics in a report on Friday, August 4th. Craig Hallum upgraded Synaptics from a “hold” rating to a “buy” rating and lowered their price target for the company from $62.00 to $55.00 in a report on Friday, August 4th. Finally, Cowen and Company set a $75.00 price target on Synaptics and gave the company a “buy” rating in a report on Wednesday, August 2nd. Seven investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. Synaptics presently has a consensus rating of “Hold” and a consensus target price of $57.43.
Shares of Synaptics (NASDAQ:SYNA) traded up 1.56% on Friday, reaching $40.90. The company’s stock had a trading volume of 1,527,853 shares. The company has a market cap of $1.42 billion, a P/E ratio of 29.85 and a beta of 1.13. The company has a 50 day moving average price of $51.80 and a 200 day moving average price of $53.47. Synaptics has a 52-week low of $39.89 and a 52-week high of $69.45.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The firm had revenue of $426.50 million during the quarter, compared to the consensus estimate of $426.49 million. Synaptics had a net margin of 2.84% and a return on equity of 16.51%. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share. On average, analysts anticipate that Synaptics will post $4.60 earnings per share for the current fiscal year.
In other news, insider Rick Bergman sold 10,000 shares of Synaptics stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $55.61, for a total value of $556,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey D. Buchanan sold 9,375 shares of Synaptics stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $55.92, for a total transaction of $524,250.00. Following the completion of the sale, the director now owns 16,166 shares of the company’s stock, valued at $904,002.72. The disclosure for this sale can be found here. Company insiders own 3.60% 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.
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