BidaskClub upgraded shares of Synaptics (NASDAQ:SYNA) from a sell rating to a hold rating in a report published on Sunday morning.
SYNA has been the topic of several other research reports. TheStreet cut Synaptics from a c- rating to a d+ rating in a research note on Friday, October 19th. ValuEngine lowered Synaptics from a hold rating to a sell rating in a report on Tuesday, November 6th. Zacks Investment Research raised Synaptics from a hold rating to a buy rating and set a $44.00 price objective for the company in a report on Wednesday, October 10th. Susquehanna Bancshares began coverage on Synaptics in a report on Friday, December 7th. They issued a neutral rating and a $38.00 price objective for the company. Finally, Craig Hallum lowered their price objective on Synaptics from $56.00 to $50.00 and set a buy rating for the company in a report on Friday, November 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Synaptics currently has a consensus rating of Hold and a consensus target price of $51.91.
NASDAQ:SYNA opened at $39.75 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.93 and a current ratio of 2.42. Synaptics has a one year low of $33.54 and a one year high of $55.25. The stock has a market capitalization of $1.35 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 2.68 and a beta of 0.82.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings results on Thursday, November 8th. The software maker reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.10. Synaptics had a positive return on equity of 12.96% and a negative net margin of 5.75%. The business had revenue of $417.60 million for the quarter, compared to analysts’ expectations of $410.60 million. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up .0% compared to the same quarter last year. As a group, equities research analysts predict that Synaptics will post 2.92 earnings per share for the current year.
In other news, insider Kevin D. Barber sold 12,865 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $34.69, for a total transaction of $446,286.85. Following the completion of the transaction, the insider now directly owns 14,001 shares of the company’s stock, valued at $485,694.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of SYNA. Putnam Investments LLC bought a new position in shares of Synaptics during the second quarter valued at approximately $20,284,000. Franklin Resources Inc. grew its holdings in shares of Synaptics by 28.7% during the third quarter. Franklin Resources Inc. now owns 1,756,401 shares of the software maker’s stock valued at $80,127,000 after purchasing an additional 392,065 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Synaptics by 9.2% during the third quarter. Vanguard Group Inc now owns 3,511,485 shares of the software maker’s stock valued at $160,194,000 after purchasing an additional 295,956 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Synaptics by 9.2% during the third quarter. Vanguard Group Inc. now owns 3,511,485 shares of the software maker’s stock valued at $160,194,000 after purchasing an additional 295,956 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Synaptics by 35.6% during the second quarter. FMR LLC now owns 1,007,800 shares of the software maker’s stock valued at $50,763,000 after purchasing an additional 264,700 shares during the last quarter. 97.04% of the stock is owned by institutional investors.
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.
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