Synaptics Incorporated (NASDAQ:SYNA) Given Consensus Recommendation of “Hold” by Analysts
Shares of Synaptics Incorporated (NASDAQ:SYNA) have been assigned a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $57.46.
Several analysts have recently commented on SYNA shares. Vetr raised Synaptics from a “hold” rating to a “buy” rating and set a $57.50 target price for the company in a research report on Monday, May 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 target price (down previously from $90.00) on shares of Synaptics in a research report on Saturday, April 29th. Zacks Investment Research raised Synaptics from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Saturday, April 22nd. Needham & Company LLC raised their target price on Synaptics from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Finally, BidaskClub raised Synaptics from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th.
In other Synaptics news, insider Rick Bergman sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $55.61, for a total transaction of $556,100.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey D. Buchanan sold 9,375 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $55.92, for a total value of $524,250.00. Following the transaction, the director now owns 16,166 shares in the company, valued at $904,002.72. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. TrimTabs Asset Management LLC raised its position in Synaptics by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,073 shares of the software maker’s stock worth $103,000 after buying an additional 976 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in Synaptics during the first quarter worth approximately $104,000. Riverhead Capital Management LLC raised its position in Synaptics by 95.0% in 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 during the last quarter. LS Investment Advisors LLC raised its position in Synaptics by 17.9% in 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 during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Synaptics by 51.0% in 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 during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.
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Synaptics (SYNA) traded up 1.56% during trading on Friday, reaching $40.90. The company had a trading volume of 1,527,853 shares. The stock has a market cap of $1.42 billion, a PE 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 earnings results on Thursday, August 3rd. The software maker reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The business had revenue of $426.50 million during the quarter, compared to analysts’ expectations of $426.49 million. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. Synaptics’s revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 earnings per share. On average, analysts anticipate that Synaptics will post $4.60 earnings per share for the current year.
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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