Shares of Synaptics Incorporated (NASDAQ:SYNA) traded up 5.8% on Tuesday . The stock traded as high as $40.11 and last traded at $40.10. 1,354,601 shares changed hands during mid-day trading, an increase of 52% from the average session volume of 893,842 shares. The stock had previously closed at $37.90.

A number of research firms have weighed in on SYNA. KeyCorp reiterated a “hold” rating on shares of Synaptics in a research report on Sunday. Craig Hallum restated a “buy” rating and set a $43.00 target price (down from $55.00) on shares of Synaptics in a research report on Wednesday, November 8th. Oppenheimer Holdings, Inc. restated a “sell” rating and set a $35.00 target price on shares of Synaptics in a research report on Wednesday, November 8th. Stifel Nicolaus decreased their target price on shares of Synaptics from $68.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Finally, Rosenblatt Securities lowered shares of Synaptics from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a research report on Friday, November 3rd. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Synaptics currently has a consensus rating of “Hold” and an average price target of $48.03.

The company has a debt-to-equity ratio of 0.59, a current ratio of 2.35 and a quick ratio of 1.70. The company has a market capitalization of $1,364.66, a price-to-earnings ratio of 12.26, a PEG ratio of 0.96 and a beta of 1.17.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Tuesday, November 7th. The software maker reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.46. The firm had revenue of $417.40 million during the quarter, compared to analysts’ expectations of $398.68 million. Synaptics had a return on equity of 15.85% and a net margin of 1.06%. Synaptics’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. analysts anticipate that Synaptics Incorporated will post 2.8 earnings per share for the current year.

In other news, insider Rick Bergman sold 2,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the transaction, the insider now owns 130,307 shares of the company’s stock, valued at $5,212,280. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Wajid Ali sold 2,918 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $41.75, for a total value of $121,826.50. Following the completion of the transaction, the chief financial officer now directly owns 27,281 shares of the company’s stock, valued at approximately $1,138,981.75. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in SYNA. Tiedemann Wealth Management LLC lifted its holdings in shares of Synaptics by 17.9% during the third quarter. Tiedemann Wealth Management LLC now owns 16,335 shares of the software maker’s stock valued at $103,000 after purchasing an additional 2,485 shares during the last quarter. Highlander Capital Management LLC purchased a new stake in shares of Synaptics during the second quarter valued at $104,000. Victory Capital Management Inc. purchased a new stake in shares of Synaptics during the third quarter valued at $120,000. Riverhead Capital Management LLC lifted its holdings in shares of Synaptics by 95.0% during the second quarter. Riverhead Capital Management LLC now owns 2,730 shares of the software maker’s stock valued at $141,000 after purchasing an additional 1,330 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its holdings in shares of Synaptics by 17.9% during the second quarter. LS Investment Advisors LLC now owns 2,775 shares of the software maker’s stock valued at $143,000 after purchasing an additional 421 shares during the last quarter. 97.74% of the stock is owned by institutional investors and hedge funds.

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About Synaptics

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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