Synaptics (NASDAQ:SYNA) Earns News Sentiment Score of 0.20

Media coverage about Synaptics (NASDAQ:SYNA) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synaptics earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 46.068970760313 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have effected Accern’s rankings:

Several research firms have recently issued reports on SYNA. Craig Hallum restated a “buy” rating and set a $49.00 price objective (up previously from $43.00) on shares of Synaptics in a report on Thursday. Needham & Company LLC restated a “buy” rating and set a $55.00 price objective on shares of Synaptics in a report on Wednesday, December 13th. Stifel Nicolaus dropped their target price on Synaptics from $68.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Rosenblatt Securities lowered Synaptics from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a research report on Friday, November 3rd. Finally, KeyCorp reiterated a “hold” rating on shares of Synaptics in a research report on Sunday, November 19th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Synaptics currently has an average rating of “Hold” and a consensus price target of $47.63.

Shares of Synaptics (SYNA) traded up $0.10 during trading hours on Friday, hitting $44.05. The stock had a trading volume of 1,346,012 shares, compared to its average volume of 1,147,086. Synaptics has a 52-week low of $33.73 and a 52-week high of $64.54. The stock has a market cap of $1,519.68, 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 earnings results on Wednesday, February 7th. The software maker reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.03. Synaptics had a positive return on equity of 13.70% and a negative net margin of 5.04%. The firm had revenue of $430.40 million for the quarter, compared to analyst estimates of $430.59 million. During the same quarter last year, the firm posted $1.49 EPS. The business’s revenue was down 6.7% on a year-over-year basis. analysts forecast 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 stock in a transaction on Tuesday, November 21st. The stock was 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 22,100 shares of company stock valued at $1,085,000. 3.70% of the stock is owned by corporate insiders.

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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.

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