Synaptics Incorporated (NASDAQ:SYNA) has been given a consensus recommendation of “Hold” by the eighteen ratings firms that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $59.61.
A number of brokerages have commented on SYNA. BidaskClub lowered shares of Synaptics from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Oppenheimer Holdings, Inc. reiterated an “underperform” rating and issued a $45.00 price objective (down previously from $48.00) on shares of Synaptics in a report on Monday. Vetr lowered shares of Synaptics from a “hold” rating to a “sell” rating and set a $57.50 price objective on the stock. in a report on Wednesday, June 7th. Craig Hallum cut their price objective on shares of Synaptics from $65.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $56.00 price objective on shares of Synaptics in a report on Friday, April 28th.
In related news, CEO Rick Bergman sold 20,000 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $55.03, for a total transaction of $1,100,600.00. Following the completion of the sale, the chief executive officer now owns 115,488 shares of the company’s stock, valued at approximately $6,355,304.64. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Wajid Ali sold 555 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $56.75, for a total transaction of $31,496.25. Following the sale, the vice president now directly owns 15,900 shares of the company’s stock, valued at approximately $902,325. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,930 shares of company stock valued at $2,212,446. Insiders own 3.60% of the company’s stock.
Large investors have recently made changes to their positions in the stock. TrimTabs Asset Management LLC increased its stake in shares of Synaptics by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,073 shares of the software maker’s stock worth $103,000 after buying an additional 976 shares in the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of Synaptics during the first quarter worth $104,000. Edge Wealth Management LLC increased its stake in shares of Synaptics by 1,451.0% in the first quarter. Edge Wealth Management LLC now owns 2,218 shares of the software maker’s stock worth $110,000 after buying an additional 2,075 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Synaptics by 17.9% in the second quarter. LS Investment Advisors LLC now owns 2,775 shares of the software maker’s stock worth $143,000 after buying an additional 421 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Synaptics during the first quarter worth $148,000.
Synaptics (NASDAQ SYNA) traded down 0.02% during trading on Tuesday, reaching $52.81. The company had a trading volume of 595,106 shares. The stock has a 50 day moving average price of $55.41 and a 200-day moving average price of $54.02. The company has a market capitalization of $1.81 billion, a PE ratio of 79.53 and a beta of 1.13. Synaptics has a 52-week low of $47.00 and a 52-week high of $69.45.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings data on Thursday, April 27th. The software maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by $0.04. Synaptics had a return on equity of 13.73% and a net margin of 1.48%. The firm had revenue of $442.20 million during the quarter, compared to analyst estimates of $430.19 million. During the same quarter in the prior year, the firm earned $1.21 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that Synaptics will post $4.86 earnings per share for the current fiscal year.
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.
Receive News & Ratings for Synaptics Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synaptics Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.
