Synaptics (NASDAQ:SYNA) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Tuesday.

SYNA has been the subject of a number of other research reports. BidaskClub raised shares of Synaptics from a “hold” rating to a “buy” rating in a research note on Wednesday, March 13th. Needham & Company LLC boosted their target price on shares of Synaptics to $60.00 and gave the stock a “buy” rating in a research note on Friday, February 8th. Zacks Investment Research cut shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. JPMorgan Chase & Co. cut their target price on shares of Synaptics from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. Finally, Mizuho cut shares of Synaptics from a “buy” rating to a “neutral” rating and cut their target price for the stock from $48.00 to $39.00 in a research note on Monday, March 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Synaptics has a consensus rating of “Hold” and an average price target of $48.64.

SYNA opened at $36.65 on Tuesday. Synaptics has a fifty-two week low of $31.65 and a fifty-two week high of $55.25. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.64 and a quick ratio of 2.15. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 18.51 and a beta of 0.91.

Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, February 7th. The software maker reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.62. Synaptics had a net margin of 0.09% and a return on equity of 15.38%. The company had revenue of $425.50 million during the quarter, compared to analysts’ expectations of $421.54 million. During the same quarter in the previous year, the company earned $1.11 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities analysts anticipate that Synaptics will post 2.94 EPS for the current year.

In other Synaptics news, insider Kermit Nolan sold 10,000 shares of the business’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $41.49, for a total value of $414,900.00. Following the transaction, the insider now directly owns 65,611 shares in the company, valued at approximately $2,722,200.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Legal & General Group Plc lifted its holdings in shares of Synaptics by 1.5% in the 3rd quarter. Legal & General Group Plc now owns 33,198 shares of the software maker’s stock worth $1,515,000 after acquiring an additional 503 shares during the last quarter. Premier Asset Management LLC acquired a new position in shares of Synaptics in the 4th quarter worth approximately $395,000. Vanguard Group Inc lifted its holdings in shares of Synaptics by 9.2% in the 3rd quarter. Vanguard Group Inc now owns 3,511,485 shares of the software maker’s stock worth $160,194,000 after acquiring an additional 295,956 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Synaptics by 106.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 288,096 shares of the software maker’s stock worth $10,720,000 after acquiring an additional 148,594 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Synaptics by 38.8% in the 3rd quarter. Royce & Associates LP now owns 481,846 shares of the software maker’s stock worth $21,982,000 after acquiring an additional 134,800 shares during the last quarter. Hedge funds and other institutional investors own 99.19% of the company’s stock.

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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