Synaptics (SYNA) Receives Consensus Recommendation of “Hold” from Analysts

Synaptics (NASDAQ:SYNA) has been assigned a consensus recommendation of “Hold” from the nineteen brokerages that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $48.88.

A number of equities analysts have recently issued reports on SYNA shares. Craig Hallum reissued a “buy” rating and set a $49.00 price objective (up previously from $43.00) on shares of Synaptics in a research report on Thursday, February 8th. Needham & Company LLC reissued a “buy” rating and set a $55.00 price objective on shares of Synaptics in a research report on Tuesday, February 6th. ValuEngine cut shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Stifel Nicolaus cut their price objective on shares of Synaptics from $59.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, Mizuho raised shares of Synaptics from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $42.00 to $55.00 in a research report on Wednesday, April 11th.

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Shares of SYNA opened at $46.15 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.85 and a debt-to-equity ratio of 0.65. The firm has a market cap of $1,650.76, a price-to-earnings ratio of 13.90, a PEG ratio of 1.26 and a beta of 0.91. Synaptics has a 12 month low of $33.73 and a 12 month high of $64.54.



Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.03. The business had revenue of $430.40 million for the quarter, compared to analysts’ expectations of $430.59 million. Synaptics had a negative net margin of 5.04% and a positive return on equity of 13.70%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.49 earnings per share. sell-side analysts predict that Synaptics will post 2.53 EPS for the current year.

In related news, CEO Rick Bergman sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $45.58, for a total value of $91,160.00. Following the sale, the chief executive officer now owns 128,523 shares in the company, valued at approximately $5,858,078.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nelson C. Chan sold 3,000 shares of the company’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $45.17, for a total transaction of $135,510.00. Following the completion of the sale, the director now owns 25,231 shares in the company, valued at approximately $1,139,684.27. The disclosure for this sale can be found here. Insiders sold a total of 6,158 shares of company stock worth $278,444 in the last 90 days. 3.70% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of SYNA. Legal & General Group Plc raised its holdings in shares of Synaptics by 4.6% in the 3rd quarter. Legal & General Group Plc now owns 27,822 shares of the software maker’s stock worth $1,090,000 after acquiring an additional 1,225 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Synaptics by 7.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 277,975 shares of the software maker’s stock valued at $10,860,000 after buying an additional 20,109 shares during the last quarter. Wells Fargo & Company MN increased its stake in Synaptics by 1.1% in the 3rd quarter. Wells Fargo & Company MN now owns 183,834 shares of the software maker’s stock valued at $7,202,000 after buying an additional 2,000 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Synaptics by 13.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 220,146 shares of the software maker’s stock valued at $8,626,000 after buying an additional 25,594 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Synaptics by 11.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,214,796 shares of the software maker’s stock valued at $47,596,000 after buying an additional 125,826 shares during the last quarter.

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About Synaptics

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its human interface products solutions for mobile product applications, including smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications, such as keyboards, mice, and desktop product applications.

Analyst Recommendations for Synaptics (NASDAQ:SYNA)

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