Synaptics, Incorporated (NASDAQ:SYNA) has been given a consensus rating of “Hold” by the twelve research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $40.00.

SYNA has been the subject of a number of analyst reports. ValuEngine upgraded Vermillion from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Mizuho set a $88.00 price target on Gilead Sciences and gave the stock a “buy” rating in a report on Friday, May 10th. Needham & Company LLC restated a “buy” rating and issued a $42.00 price target (down previously from $45.00) on shares of Synaptics in a report on Friday, May 10th. Craig Hallum cut SharpSpring from a “buy” rating to a “hold” rating and upped their price target for the stock from $17.00 to $21.00 in a report on Friday, May 10th. Finally, BidaskClub cut Ames National from a “hold” rating to a “sell” rating in a report on Wednesday.

NASDAQ SYNA traded down $0.07 on Friday, reaching $31.46. The company had a trading volume of 411,429 shares, compared to its average volume of 398,437. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 15.89 and a beta of 1.07. Synaptics has a 1 year low of $26.34 and a 1 year high of $51.67. The firm’s 50-day moving average is $29.11. The company has a quick ratio of 2.56, a current ratio of 3.19 and a debt-to-equity ratio of 0.64.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, May 9th. The software maker reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.52. The firm had revenue of $334.00 million during the quarter, compared to analysts’ expectations of $345.30 million. Synaptics had a return on equity of 15.21% and a net margin of 1.39%. Synaptics’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 EPS. As a group, analysts forecast that Synaptics will post 2.32 earnings per share for the current fiscal year.

In other news, SVP John Mcfarland sold 2,829 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $33.76, for a total transaction of $95,507.04. Following the completion of the transaction, the senior vice president now directly owns 21,871 shares in the company, valued at approximately $738,364.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Neuburgh Advisers LLC boosted its stake in shares of Synaptics by 11.8% during the 4th quarter. Neuburgh Advisers LLC now owns 3,344 shares of the software maker’s stock valued at $124,000 after buying an additional 352 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of Synaptics by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 1,185 shares of the software maker’s stock valued at $47,000 after buying an additional 395 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of Synaptics by 1.8% during the 4th quarter. Texas Permanent School Fund now owns 22,654 shares of the software maker’s stock valued at $843,000 after buying an additional 404 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Synaptics by 0.4% during the 1st quarter. Rhumbline Advisers now owns 108,714 shares of the software maker’s stock valued at $4,321,000 after buying an additional 466 shares during the last quarter. Finally, Cardinal Capital Management boosted its stake in shares of Synaptics by 3.1% during the 2nd quarter. Cardinal Capital Management now owns 20,681 shares of the software maker’s stock valued at $603,000 after buying an additional 621 shares during the last quarter. Institutional investors own 96.78% 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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