Zacks Investment Research downgraded shares of Synaptics (NASDAQ:SYNA) from a strong-buy rating to a hold rating in a research report sent to investors on Friday morning.

According to Zacks, “Synaptics is a leader in designing and marketing human interface solutions such as touchpads for notebook computers, capactive touch screen controllers for handsets and biometric fingerprint sensors for mobile devices. “

SYNA has been the subject of several other research reports. ValuEngine lowered shares of Synaptics from a hold rating to a sell rating in a research note on Tuesday, February 19th. BidaskClub upgraded shares of Synaptics from a hold rating to a buy rating in a research note on Wednesday, March 13th. Needham & Company LLC upped 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. JPMorgan Chase & Co. reduced 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 lowered shares of Synaptics from a buy rating to a neutral rating and reduced their price target for the company from $48.00 to $39.00 in a research report on Monday, March 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $48.64.

NASDAQ SYNA opened at $32.68 on Friday. Synaptics has a 1 year low of $31.65 and a 1 year 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 $1.13 billion, a PE ratio of 16.51 and a beta of 0.91.

Synaptics (NASDAQ:SYNA) last posted its earnings results on Thursday, February 7th. The software maker reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.62. Synaptics had a net margin of 0.09% and a return on equity of 15.38%. The firm had revenue of $425.50 million during the quarter, compared to analyst estimates of $421.54 million. During the same quarter in the prior year, the business posted $1.11 EPS. The business’s revenue was down 1.1% compared to the same quarter last year. Analysts forecast that Synaptics will post 2.94 earnings per share for the current fiscal year.

In related news, insider Kermit Nolan sold 10,000 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $41.49, for a total transaction of $414,900.00. Following the completion of the transaction, the insider now owns 65,611 shares in the company, valued at $2,722,200.39. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.70% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund lifted its holdings in Synaptics by 2.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,943 shares of the software maker’s stock valued at $519,000 after purchasing an additional 283 shares during the last quarter. Neuburgh Advisers LLC lifted its holdings in Synaptics by 11.8% during the fourth quarter. Neuburgh Advisers LLC now owns 3,344 shares of the software maker’s stock valued at $124,000 after purchasing an additional 352 shares during the last quarter. Texas Permanent School Fund lifted its holdings in Synaptics by 1.8% during the fourth quarter. Texas Permanent School Fund now owns 22,654 shares of the software maker’s stock valued at $843,000 after purchasing an additional 404 shares during the last quarter. Legal & General Group Plc lifted its holdings in Synaptics by 1.5% during the third quarter. Legal & General Group Plc now owns 33,198 shares of the software maker’s stock valued at $1,515,000 after purchasing an additional 503 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in Synaptics by 7.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 8,982 shares of the software maker’s stock valued at $334,000 after purchasing an additional 633 shares during the last quarter. 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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