Synaptics, Incorporated (NASDAQ:SYNA) shot up 13.3% during trading on Friday . The stock traded as high as $51.12 and last traded at $49.76. 3,575,645 shares traded hands during mid-day trading, an increase of 235% from the average session volume of 1,068,049 shares. The stock had previously closed at $43.90.

Several brokerages have recently commented on SYNA. ValuEngine downgraded shares of Synaptics from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Oppenheimer restated an “underperform” rating and issued a $35.00 target price on shares of Synaptics in a research note on Thursday, September 14th. KeyCorp upgraded shares of Synaptics from a “sector weight” rating to an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. set a $53.00 target price on shares of Synaptics and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $55.00 target price on shares of Synaptics in a research note on Wednesday, December 13th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Synaptics has a consensus rating of “Hold” and an average price target of $48.03.

The stock has a market cap of $1,680.00, a PE ratio of 103.67, a PEG ratio of 1.01 and a beta of 1.20. 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 results on Tuesday, November 7th. The software maker reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.46. The business had revenue of $417.40 million for 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%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. analysts forecast that Synaptics, Incorporated will post 2.8 earnings per share for the current year.

In other Synaptics news, insider Rick Bergman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $40.00, for a total transaction of $80,000.00. Following the completion of the sale, the insider now directly owns 130,307 shares of the company’s stock, valued at approximately $5,212,280. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Wajid Ali sold 2,918 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $41.75, for a total value 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 disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Hunter Associates Investment Management LLC raised its holdings in Synaptics by 0.6% during the 2nd quarter. Hunter Associates Investment Management LLC now owns 11,605 shares of the software maker’s stock worth $600,000 after purchasing an additional 70 shares during the last quarter. Advisory Services Network LLC raised its holdings in Synaptics by 1.7% during the 2nd quarter. Advisory Services Network LLC now owns 4,510 shares of the software maker’s stock worth $233,000 after purchasing an additional 75 shares during the last quarter. CS Mckee LP raised its holdings in Synaptics by 0.4% during the 2nd quarter. CS Mckee LP now owns 28,600 shares of the software maker’s stock worth $1,479,000 after purchasing an additional 100 shares during the last quarter. Amalgamated Bank raised its holdings in Synaptics by 2.8% during the 2nd quarter. Amalgamated Bank now owns 4,956 shares of the software maker’s stock worth $256,000 after purchasing an additional 137 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in Synaptics by 3.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,910 shares of the software maker’s stock worth $357,000 after purchasing an additional 200 shares during the last quarter. 97.74% of the stock is owned by hedge funds and other institutional investors.

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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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