Synaptics (SYNA) Upgraded at BidaskClub
BidaskClub upgraded shares of Synaptics (NASDAQ:SYNA) from a strong sell rating to a sell rating in a report issued on Friday.
Several other equities analysts have also issued reports on SYNA. Stifel Nicolaus decreased their price target on shares of Synaptics from $59.00 to $57.00 and set a buy rating for the company in a report on Thursday. Craig Hallum reissued a buy rating and issued a $49.00 price target (up previously from $43.00) on shares of Synaptics in a report on Thursday. Needham & Company LLC reissued a buy rating and issued a $55.00 price target on shares of Synaptics in a report on Tuesday. JPMorgan Chase & Co. set a $53.00 price target on shares of Synaptics and gave the company a buy rating in a report on Thursday, October 26th. Finally, UBS Group raised shares of Synaptics from an underperform rating to a market perform rating in a report on Friday, December 8th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Synaptics currently has a consensus rating of Hold and a consensus target price of $47.63.
Shares of Synaptics (NASDAQ SYNA) traded up $0.10 during mid-day trading on Friday, hitting $44.05. 1,410,000 shares of the stock traded hands, compared to its average volume of 1,010,000. Synaptics has a one year low of $33.73 and a one year high of $64.54. The firm has a market cap of $1,490.00, a price-to-earnings ratio of -17.14, a price-to-earnings-growth ratio of 1.05 and a beta of 1.12. The company has a quick ratio of 1.70, a current ratio of 2.36 and a debt-to-equity ratio of 0.65.
In related news, insider Rick Bergman sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the transaction, 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 SEC, which is available through the SEC website. Over the last ninety days, insiders sold 22,100 shares of company stock valued at $1,085,000. Company insiders own 3.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC boosted its stake in Synaptics by 1.7% in 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 period. Amalgamated Bank boosted its stake in Synaptics by 2.8% in 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 period. Thrivent Financial For Lutherans boosted its stake in Synaptics by 3.0% in 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 period. Stifel Financial Corp boosted its stake in Synaptics by 0.6% in the 2nd quarter. Stifel Financial Corp now owns 32,890 shares of the software maker’s stock worth $1,698,000 after purchasing an additional 209 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Synaptics by 0.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 58,368 shares of the software maker’s stock worth $3,018,000 after buying an additional 288 shares during the last quarter. 97.74% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.watchlistnews.com/synaptics-syna-upgraded-at-bidaskclub/1857584.html.
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.
Receive News & Ratings for Synaptics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synaptics and related companies with MarketBeat.com's FREE daily email newsletter.