Synaptics Inc. (NASDAQ:SYNA) has received an average rating of “Hold” from the seventeen brokerages that are currently covering the stock. Eleven investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $74.00.
A number of brokerages recently weighed in on SYNA. Zacks Investment Research cut Synaptics from a “buy” rating to a “hold” rating in a report on Wednesday. Pacific Crest reiterated a “hold” rating on shares of Synaptics in a report on Sunday, September 11th. Needham & Company LLC reiterated a “buy” rating and issued a $65.00 target price on shares of Synaptics in a report on Friday, September 9th. TheStreet cut Synaptics from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Finally, Craig Hallum reduced their target price on Synaptics from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, July 29th.
In other news, insider Ritu Favre sold 3,259 shares of Synaptics stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $53.09, for a total transaction of $173,020.31. Following the sale, the insider now directly owns 12,360 shares of the company’s stock, valued at $656,192.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Rick Bergman sold 10,000 shares of Synaptics stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $58.29, for a total value of $582,900.00. Following the sale, the insider now directly owns 82,491 shares in the company, valued at $4,808,400.39. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Sandy Spring Bank raised its stake in shares of Synaptics by 5.4% in the second quarter. Sandy Spring Bank now owns 1,950 shares of the company’s stock worth $105,000 after buying an additional 100 shares during the last quarter. Acrospire Investment Management LLC raised its stake in shares of Synaptics by 150.0% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the company’s stock worth $108,000 after buying an additional 1,200 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Synaptics by 70.4% in the second quarter. LS Investment Advisors LLC now owns 2,178 shares of the company’s stock worth $117,000 after buying an additional 900 shares during the last quarter. Kempen Capital Management N.V. acquired a new stake in shares of Synaptics during the second quarter worth about $148,000. Finally, DIAM Co. Ltd. acquired a new stake in shares of Synaptics during the second quarter worth about $149,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.
Synaptics (NASDAQ:SYNA) opened at 58.58 on Wednesday. The stock has a 50 day moving average price of $57.08 and a 200 day moving average price of $63.34. Synaptics has a 52 week low of $47.09 and a 52 week high of $94.48. The stock has a market capitalization of $2.04 billion, a PE ratio of 30.67 and a beta of 1.64.
Synaptics (NASDAQ:SYNA) last issued its earnings results on Thursday, July 28th. The company reported $0.46 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.46. Synaptics had a return on equity of 18.44% and a net margin of 4.33%. The firm had revenue of $323.90 million for the quarter, compared to analysts’ expectations of $318.48 million. During the same quarter last year, the firm earned $1.57 earnings per share. The firm’s revenue for the quarter was down 32.4% compared to the same quarter last year. Equities analysts forecast that Synaptics will post $5.18 EPS for the current year.
Synaptics Incorporated developer and supplier of custom-designed human interface solutions that enable people to interact more easily and intuitively with a wide variety of mobile computing, communications, entertainment, and other electronic devices. The portfolio includes Display Driver ICs (DDICs) which drive high-performance displays for smartphones and tablets.
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