Cowen and Company reiterated their outperform rating on shares of Synaptics, Incorporated (NASDAQ:SYNA) in a research note released on Wednesday. They currently have a $75.00 price objective on the stock.
Several other equities analysts have also recently weighed in on the stock. Oppenheimer Holdings Inc. reaffirmed an underperform rating and issued a $45.00 price target on shares of Synaptics, in a research report on Wednesday, January 25th. Lake Street Capital raised their price target on shares of Synaptics, from $57.00 to $61.00 and gave the company a hold rating in a research report on Friday, January 27th. Citigroup Inc cut shares of Synaptics, to an underperform rating and set a $45.00 price target on the stock. in a research report on Monday, December 12th. Cann reiterated an underperform rating and issued a $45.00 price objective on shares of Synaptics, in a research note on Tuesday, January 24th. Finally, Zacks Investment Research upgraded shares of Synaptics, from a sell rating to a hold rating in a research note on Thursday, February 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Synaptics, has a consensus rating of Hold and a consensus price target of $65.79.
Shares of Synaptics, (NASDAQ:SYNA) opened at 49.18 on Wednesday. The company has a market capitalization of $1.74 billion, a PE ratio of 45.29 and a beta of 1.24. Synaptics, has a 52 week low of $47.09 and a 52 week high of $90.91. The company has a 50 day moving average price of $53.39 and a 200 day moving average price of $56.30.
Synaptics, (NASDAQ:SYNA) last announced its quarterly earnings results on Thursday, January 26th. The company reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.20. Synaptics, had a net margin of 2.54% and a return on equity of 14.02%. The business had revenue of $461.30 million for the quarter. During the same period in the previous year, the business posted $1.60 EPS. Synaptics,’s revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts expect that Synaptics, will post $4.89 earnings per share for the current year.
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In other news, VP Wajid Ali sold 477 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $56.96, for a total transaction of $27,169.92. Following the completion of the sale, the vice president now owns 17,627 shares in the company, valued at approximately $1,004,033.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Rick Bergman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $56.26, for a total transaction of $562,600.00. Following the sale, the insider now owns 105,488 shares of the company’s stock, valued at approximately $5,934,754.88. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
Large investors have recently modified their holdings of the company. Stoneridge Investment Partners LLC bought a new stake in shares of Synaptics, during the third quarter valued at about $285,000. Emerald Mutual Fund Advisers Trust raised its stake in shares of Synaptics, by 2.0% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 7,894 shares of the company’s stock valued at $462,000 after buying an additional 154 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Synaptics, by 1.5% in the third quarter. GHP Investment Advisors Inc. now owns 13,475 shares of the company’s stock valued at $789,000 after buying an additional 200 shares during the last quarter. Lingohr & Partner Asset Management GmbH bought a new stake in shares of Synaptics, during the third quarter valued at about $783,000. Finally, Clark Estates Inc. NY bought a new stake in shares of Synaptics, during the third quarter valued at about $3,046,000. Institutional investors own 92.09% of the company’s stock.
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.
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