ValuEngine lowered shares of Synaptics (NASDAQ:SYNA) from a buy rating to a hold rating in a research report released on Sunday.

Other equities analysts have also issued reports about the stock. Craig Hallum reaffirmed a buy rating and issued a $43.00 price target (down from $55.00) on shares of Synaptics in a report on Wednesday, November 8th. Stifel Nicolaus cut their price target on shares of Synaptics from $68.00 to $59.00 and set a buy rating on the stock in a report on Wednesday, November 8th. Cowen set a $60.00 price target on shares of Synaptics and gave the stock a buy rating in a report on Wednesday, October 11th. JPMorgan Chase & Co. set a $53.00 price target on shares of Synaptics and gave the stock a buy rating in a report on Thursday, October 26th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $55.00 price target on shares of Synaptics in a report on Wednesday, December 13th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $48.03.

Shares of Synaptics (NASDAQ:SYNA) traded down $0.21 during trading hours on Friday, reaching $39.94. 606,200 shares of the company were exchanged, compared to its average volume of 892,012. The company has a market capitalization of $1,359.22, a P/E ratio of 81.51, a price-to-earnings-growth ratio of 0.95 and a beta of 1.20. Synaptics has a 52 week low of $33.73 and a 52 week high of $64.54. The company has a quick ratio of 1.70, a current ratio of 2.35 and a debt-to-equity ratio of 0.59.

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

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

A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its holdings in Synaptics by 49.7% in the third quarter. Public Employees Retirement System of Ohio now owns 87,378 shares of the software maker’s stock valued at $3,423,000 after purchasing an additional 29,010 shares during the last quarter. Jane Street Group LLC boosted its holdings in Synaptics by 100.4% in the third quarter. Jane Street Group LLC now owns 9,075 shares of the software maker’s stock valued at $356,000 after purchasing an additional 4,547 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its holdings in Synaptics by 305.3% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 48,321 shares of the software maker’s stock valued at $1,893,000 after purchasing an additional 36,400 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in Synaptics by 186.4% in the third quarter. Engineers Gate Manager LP now owns 88,192 shares of the software maker’s stock valued at $3,455,000 after purchasing an additional 57,402 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in Synaptics by 35.8% in the third quarter. Stifel Financial Corp now owns 44,666 shares of the software maker’s stock valued at $1,762,000 after purchasing an additional 11,776 shares during the last quarter. 97.74% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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