Synaptics, Incorporated (NASDAQ:SYNA) has received an average recommendation of “Hold” from the seventeen brokerages that are presently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $57.65.
SYNA has been the topic of several research reports. Vetr raised Synaptics, from a “hold” rating to a “buy” rating and set a $57.50 price target on the stock in a research report on Wednesday, May 17th. Zacks Investment Research lowered Synaptics, from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. Craig Hallum dropped their price target on Synaptics, from $65.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, April 28th. Needham & Company LLC upped their price target on Synaptics, from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Finally, BidaskClub raised Synaptics, from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th.
In other news, CEO Rick Bergman sold 20,000 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $55.03, for a total value of $1,100,600.00. Following the completion of the transaction, the chief executive officer now owns 115,488 shares of the company’s stock, valued at $6,355,304.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey D. Buchanan sold 9,375 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $55.92, for a total value of $524,250.00. Following the completion of the transaction, the director now directly owns 16,166 shares of the company’s stock, valued at approximately $904,002.72. The disclosure for this sale can be found here. In the last three months, insiders sold 39,930 shares of company stock valued at $2,212,446. Company insiders own 3.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SYNA. Probity Advisors Inc. raised its stake in shares of Synaptics, by 1.0% in the second quarter. Probity Advisors Inc. now owns 7,538 shares of the software maker’s stock valued at $390,000 after buying an additional 75 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Synaptics, by 1.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 6,093 shares of the software maker’s stock valued at $302,000 after buying an additional 78 shares during the period. Aperio Group LLC raised its stake in shares of Synaptics, by 1.2% in the second quarter. Aperio Group LLC now owns 7,042 shares of the software maker’s stock valued at $364,000 after buying an additional 84 shares during the period. Texas Permanent School Fund raised its stake in shares of Synaptics, by 0.6% in the first quarter. Texas Permanent School Fund now owns 25,600 shares of the software maker’s stock valued at $1,267,000 after buying an additional 146 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Synaptics, by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 12,266 shares of the software maker’s stock valued at $607,000 after buying an additional 200 shares during the period. 93.01% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “Synaptics, Incorporated (NASDAQ:SYNA) Receives Consensus Recommendation of “Hold” from Analysts” was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://stocknewstimes.com/2017/08/05/synaptics-incorporated-nasdaqsyna-receives-consensus-recommendation-of-hold-from-brokerages-updated-updated.html.
Shares of Synaptics, (SYNA) traded down 10.33% during trading on Tuesday, hitting $45.32. 4,200,901 shares of the stock were exchanged. The stock’s 50 day moving average price is $54.09 and its 200 day moving average price is $54.00. Synaptics, has a one year low of $44.92 and a one year high of $69.45. The stock has a market cap of $1.55 billion, a PE ratio of 68.25 and a beta of 1.13.
Synaptics, (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The business had revenue of $426.50 million for the quarter, compared to analyst estimates of $426.49 million. Synaptics, had a return on equity of 2.51% and a net margin of 1.01%. The business’s revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS. Equities research analysts predict that Synaptics, will post $5.09 EPS for the current 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.
