BidaskClub cut shares of Synaptics (NASDAQ:SYNA) from a buy rating to a hold rating in a report published on Wednesday morning, BidAskClub reports.

Several other research firms have also recently weighed in on SYNA. ValuEngine raised shares of Synaptics from a sell rating to a hold rating in a research note on Saturday, December 15th. Zacks Investment Research raised shares of Synaptics from a hold rating to a buy rating and set a $42.00 target price for the company in a research note on Saturday, January 5th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $48.55.

Shares of SYNA traded up $0.34 during mid-day trading on Wednesday, hitting $37.79. 5,639 shares of the company’s stock were exchanged, compared to its average volume of 1,379,475. The stock has a market capitalization of $1.29 billion, a P/E ratio of 18.97 and a beta of 0.90. Synaptics has a 52 week low of $31.65 and a 52 week high of $55.25. The company has a quick ratio of 2.15, a current ratio of 2.64 and a debt-to-equity ratio of 0.65.

Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, February 7th. The software maker reported $1.55 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.62. The company had revenue of $425.50 million during the quarter, compared to analysts’ expectations of $421.54 million. Synaptics had a net margin of 0.09% and a return on equity of 15.38%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the business earned $1.11 EPS. On average, sell-side analysts anticipate that Synaptics will post 2.94 earnings per share for the current fiscal year.

In other Synaptics news, insider Kermit Nolan sold 10,000 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $41.49, for a total transaction of $414,900.00. Following the completion of the sale, the insider now owns 65,611 shares of the company’s stock, valued at approximately $2,722,200.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in SYNA. Vanguard Group Inc lifted its holdings in shares of Synaptics by 9.2% during the third quarter. Vanguard Group Inc now owns 3,511,485 shares of the software maker’s stock worth $160,194,000 after buying an additional 295,956 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Synaptics by 9.2% during the third quarter. Vanguard Group Inc. now owns 3,511,485 shares of the software maker’s stock worth $160,194,000 after buying an additional 295,956 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Synaptics by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,741,214 shares of the software maker’s stock worth $64,791,000 after buying an additional 142,207 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Synaptics by 36.4% during the fourth quarter. Fisher Asset Management LLC now owns 1,283,764 shares of the software maker’s stock worth $47,769,000 after buying an additional 342,909 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its holdings in shares of Synaptics by 2.3% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,015,856 shares of the software maker’s stock worth $46,343,000 after buying an additional 22,612 shares in the last quarter. 99.19% of the stock is owned by institutional investors and hedge funds.

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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