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.

Synaptics (NASDAQ:SYNA) last announced its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.03. Synaptics had a negative net margin of 5.04% and a positive return on equity of 13.70%. The company had revenue of $430.40 million during the quarter, compared to analyst estimates of $430.59 million. During the same quarter in the previous year, the business earned $1.49 EPS. The firm’s revenue was down 6.7% on a year-over-year basis. sell-side analysts predict that Synaptics will post 2.8 earnings per share for the current year.

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.

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About Synaptics

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.

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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