Shares of Synaptics, Incorporated (NASDAQ:SYNA) have been given a consensus rating of “Hold” by the sixteen brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $54.56.

SYNA has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Synaptics from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Wednesday, October 10th. Craig Hallum upgraded shares of Synaptics to a “buy” rating and set a $56.00 target price for the company in a research note on Wednesday, August 29th. JPMorgan Chase & Co. raised their target price on shares of Synaptics from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Needham & Company LLC raised their target price on shares of Synaptics from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Finally, TheStreet downgraded shares of Synaptics from a “c-” rating to a “d+” rating in a research note on Friday, October 19th.

NASDAQ:SYNA traded down $0.81 during mid-day trading on Friday, hitting $38.40. The stock had a trading volume of 538,100 shares, compared to its average volume of 709,138. Synaptics has a twelve month low of $33.54 and a twelve month high of $55.25. The company has a market capitalization of $1.36 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 2.69 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.93 and a current ratio of 2.42.

Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, November 8th. The software maker reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.10. Synaptics had a negative net margin of 5.75% and a positive return on equity of 12.96%. The business had revenue of $417.60 million during the quarter, compared to the consensus estimate of $410.60 million. During the same period last year, the business posted $1.03 EPS. Synaptics’s revenue was up .0% on a year-over-year basis. As a group, equities analysts forecast that Synaptics will post 2.92 earnings per share for the current year.

In other Synaptics news, insider Kevin D. Barber sold 12,865 shares of the stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $34.69, for a total value of $446,286.85. Following the transaction, the insider now directly owns 14,001 shares of the company’s stock, valued at approximately $485,694.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Synaptics by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,511,485 shares of the software maker’s stock valued at $160,194,000 after acquiring an additional 295,956 shares during the period. Dimensional Fund Advisors LP raised its holdings in Synaptics by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,991,758 shares of the software maker’s stock valued at $100,324,000 after acquiring an additional 120,802 shares during the period. Franklin Resources Inc. raised its holdings in Synaptics by 28.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,756,401 shares of the software maker’s stock valued at $80,127,000 after acquiring an additional 392,065 shares during the period. Disciplined Growth Investors Inc. MN raised its holdings in Synaptics by 2.3% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,015,856 shares of the software maker’s stock valued at $46,343,000 after acquiring an additional 22,612 shares during the period. Finally, FMR LLC raised its holdings in Synaptics by 35.6% in the 2nd quarter. FMR LLC now owns 1,007,800 shares of the software maker’s stock valued at $50,763,000 after acquiring an additional 264,700 shares during the period. 97.06% of the stock is currently owned by hedge funds and other institutional investors.

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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