Susquehanna Bancshares initiated coverage on shares of Synaptics (NASDAQ:SYNA) in a report published on Friday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $38.00 target price on the software maker’s stock.

SYNA has been the subject of several other reports. JPMorgan Chase & Co. raised their price objective on shares of Synaptics from $52.00 to $55.00 and gave the stock a buy rating in a report on Friday, August 10th. Zacks Investment Research lowered shares of Synaptics from a buy rating to a hold rating in a report on Thursday, October 11th. Lake Street Capital reissued a hold rating and set a $52.00 price objective on shares of Synaptics in a report on Friday, August 10th. Rosenblatt Securities set a $55.00 price objective on shares of Synaptics and gave the stock a hold rating in a report on Saturday, August 11th. Finally, Craig Hallum reissued a buy rating and set a $56.00 price objective (up from $51.00) on shares of Synaptics in a report on Friday, August 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $52.09.

Synaptics stock traded down $1.01 during midday trading on Friday, hitting $37.39. 516,841 shares of the stock were exchanged, compared to its average volume of 726,523. Synaptics has a 1 year low of $33.54 and a 1 year high of $55.25. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 2.63 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.42 and a quick ratio of 1.93.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Thursday, November 8th. The software maker reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.10. The company had revenue of $417.60 million during the quarter, compared to analyst estimates of $410.60 million. Synaptics had a negative net margin of 5.75% and a positive return on equity of 12.96%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. Analysts forecast that Synaptics will post 2.92 earnings per share for the current fiscal year.

In other news, insider Kevin D. Barber sold 12,865 shares of Synaptics 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 completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. TRUE Private Wealth Advisors acquired a new position in shares of Synaptics in the 3rd quarter valued at about $103,000. BlueMountain Capital Management LLC acquired a new position in shares of Synaptics in the 3rd quarter valued at about $104,000. Truvestments Capital LLC acquired a new position in shares of Synaptics in the 3rd quarter valued at about $156,000. PNC Financial Services Group Inc. boosted its holdings in shares of Synaptics by 83.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,443 shares of the software maker’s stock valued at $157,000 after buying an additional 1,566 shares during the period. Finally, Lombard Odier Asset Management USA Corp acquired a new position in shares of Synaptics in the 3rd quarter valued at about $228,000. 97.06% of the stock is owned by institutional investors and hedge funds.

About Synaptics

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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