Synaptics, Incorporated (SYNA) Receives $48.73 Average Price Target from Analysts
Shares of Synaptics, Incorporated (NASDAQ:SYNA) have been given a consensus rating of “Hold” by the twenty analysts that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $48.73.
SYNA has been the subject of several recent research reports. Stifel Nicolaus reduced their target price on shares of Synaptics from $68.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Oppenheimer reissued a “sell” rating and set a $35.00 target price on shares of Synaptics in a report on Wednesday, November 8th. Craig Hallum reissued a “buy” rating and set a $43.00 target price (down previously from $55.00) on shares of Synaptics in a report on Wednesday, November 8th. KeyCorp reissued a “hold” rating on shares of Synaptics in a report on Sunday, November 19th. Finally, UBS Group raised shares of Synaptics from an “underperform” rating to a “market perform” rating in a report on Friday, December 8th.
In other Synaptics news, CEO Rick Bergman sold 2,000 shares of Synaptics stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $45.58, for a total value of $91,160.00. Following the completion of the transaction, the chief executive officer now owns 128,523 shares of the company’s stock, valued at $5,858,078.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Mcfarland sold 641 shares of Synaptics stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $45.00, for a total transaction of $28,845.00. The disclosure for this sale can be found here. Insiders sold 23,258 shares of company stock valued at $1,147,934 in the last ninety days. 3.70% of the stock is owned by corporate insiders.
Synaptics (NASDAQ:SYNA) traded up $1.41 during trading hours on Thursday, hitting $46.92. 393,472 shares of the stock traded hands, compared to its average volume of 945,208. Synaptics has a 1-year low of $33.73 and a 1-year high of $64.54. The company has a quick ratio of 1.85, a current ratio of 2.36 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1,618.69, a P/E ratio of -18.26, a P/E/G ratio of 1.24 and a beta of 1.00.
Synaptics (NASDAQ:SYNA) last issued its earnings results on Wednesday, February 7th. The software maker reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.03. Synaptics had a negative net margin of 5.04% and a positive return on equity of 13.70%. The firm had revenue of $430.40 million during the quarter, compared to analysts’ expectations of $430.59 million. During the same quarter last year, the company posted $1.49 earnings per share. The firm’s revenue was down 6.7% compared to the same quarter last year. research analysts forecast that Synaptics will post 2.53 earnings per share for the current fiscal 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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