BMO Capital Markets reaffirmed their hold rating on shares of Synaptics Incorporated (NASDAQ:SYNA) in a report released on Thursday, July 20th. The firm currently has a $56.00 target price on the software maker’s stock.
Other equities research analysts also recently issued reports about the stock. BidaskClub downgraded shares of Synaptics from a buy rating to a hold rating in a research note on Thursday, June 29th. Oppenheimer Holdings, Inc. reiterated an underperform rating and issued a $45.00 price target (down previously from $48.00) on shares of Synaptics in a report on Monday, July 17th. 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 research report on Wednesday, June 7th. Zacks Investment Research lowered shares of Synaptics from a buy rating to a hold rating in a research report on Thursday, March 30th. Finally, Craig Hallum dropped their price objective on shares of Synaptics from $65.00 to $62.00 and set a hold rating on the stock in a research report on Friday, April 28th. Seven equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Synaptics has an average rating of Hold and a consensus price target of $59.23.
Shares of Synaptics (NASDAQ SYNA) traded down 0.36% during midday trading on Thursday, hitting $52.42. 60,419 shares of the company’s stock traded hands. Synaptics has a 1-year low of $47.00 and a 1-year high of $69.45. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 78.95 and a beta of 1.13. The company has a 50 day moving average price of $54.23 and a 200 day moving average price of $54.00.
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In other news, VP Wajid Ali sold 555 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $56.75, for a total value of $31,496.25. Following the sale, the vice president now directly owns 15,900 shares in the company, valued at approximately $902,325. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey D. Buchanan sold 9,375 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $55.92, for a total transaction of $524,250.00. Following the completion of the sale, the director now owns 16,166 shares in the company, valued at $904,002.72. The disclosure for this sale can be found here. Insiders have sold 39,930 shares of company stock worth $2,212,446 over the last quarter. Corporate insiders own 3.60% of the company’s stock.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Synaptics by 23,834.7% in the first quarter. BlackRock Inc. now owns 4,199,575 shares of the software maker’s stock worth $207,921,000 after buying an additional 4,182,029 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Synaptics by 18.2% in the first quarter. Ameriprise Financial Inc. now owns 4,351,207 shares of the software maker’s stock worth $215,426,000 after buying an additional 671,478 shares during the period. Norges Bank acquired a new position in shares of Synaptics during the fourth quarter worth about $31,600,000. FMR LLC raised its position in shares of Synaptics by 387.8% in the first quarter. FMR LLC now owns 513,850 shares of the software maker’s stock worth $25,441,000 after buying an additional 408,500 shares during the period. Finally, Morgan Stanley raised its position in shares of Synaptics by 180.2% in the first quarter. Morgan Stanley now owns 610,070 shares of the software maker’s stock worth $30,206,000 after buying an additional 392,375 shares during the period. Institutional investors own 93.01% of the company’s stock.
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.
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