According to Zacks, “Synaptics is a leading developer of human interface solutions for a wide variety of mobile computing and communications devices and is the leading supplier of TouchPads to the notebook computer market. Products include the TouchPad input device, TouchStyk pointing stick, Dual Pointing combination input solution, ClearPad touch screen, Spiral pen input solution, and QuickStroke Chinese handwriting software. “
Other equities analysts have also issued research reports about the stock. Pacific Crest restated a hold rating on shares of Synaptics in a report on Sunday, September 11th. Needham & Company LLC restated a buy rating and set a $65.00 target price on shares of Synaptics in a report on Friday, September 9th. TheStreet lowered shares of Synaptics from a buy rating to a hold rating in a report on Friday, July 29th. Craig Hallum reduced their target price on shares of Synaptics from $85.00 to $70.00 and set a buy rating on the stock in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. restated a buy rating and set a $71.00 target price on shares of Synaptics in a report on Wednesday, July 20th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $76.33.
Shares of Synaptics (NASDAQ:SYNA) traded down 6.12% during trading on Wednesday, hitting $55.09. The company’s stock had a trading volume of 515,701 shares. The company has a market cap of $1.92 billion, a PE ratio of 28.84 and a beta of 1.64. The firm’s 50 day moving average price is $57.01 and its 200-day moving average price is $63.58. Synaptics has a 52 week low of $47.09 and a 52 week high of $94.48.
Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. Synaptics had a net margin of 4.33% and a return on equity of 18.44%. The company earned $323.90 million during the quarter, compared to analysts’ expectations of $318.48 million. During the same period in the previous year, the company earned $1.57 EPS. The business’s quarterly revenue was down 32.4% compared to the same quarter last year. On average, analysts predict that Synaptics will post $5.18 earnings per share for the current year.
In related news, insider Rick Bergman sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $58.29, for a total transaction of $582,900.00. Following the completion of the sale, the insider now owns 82,491 shares of the company’s stock, valued at approximately $4,808,400.39. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ritu Favre sold 3,259 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were 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 approximately $656,192.40. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the stock. Advisory Services Network LLC increased its stake in shares of Synaptics by 1.0% in the second quarter. Advisory Services Network LLC now owns 3,105 shares of the company’s stock worth $167,000 after buying an additional 30 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Synaptics by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 6,360 shares of the company’s stock worth $342,000 after buying an additional 34 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Synaptics by 0.5% in the second quarter. Legal & General Group Plc now owns 9,493 shares of the company’s stock worth $503,000 after buying an additional 48 shares in the last quarter. Sandy Spring Bank increased 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 in the last quarter. Finally, Redmond Asset Management LLC increased its stake in shares of Synaptics by 0.4% in the second quarter. Redmond Asset Management LLC now owns 25,849 shares of the company’s stock worth $1,389,000 after buying an additional 102 shares in the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.
Synaptics Company Profile
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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