Other equities research analysts also recently issued reports about the company. Needham & Company LLC restated a “buy” rating and set a $42.00 price target on shares of Synaptics in a research note on Sunday, August 11th. Mizuho reaffirmed a “hold” rating and set a $35.00 price objective on shares of Synaptics in a research report on Sunday, August 11th. BMO Capital Markets lifted their price objective on Synaptics from $29.00 to $33.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. Zacks Investment Research cut Synaptics from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Craig Hallum cut Synaptics from a “buy” rating to a “hold” rating and lowered their price target for the stock from $39.00 to $28.00 in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Synaptics has an average rating of “Hold” and an average target price of $35.33.
Shares of NASDAQ:SYNA traded up $0.19 on Wednesday, hitting $38.53. 5,226 shares of the company traded hands, compared to its average volume of 454,413. Synaptics has a 52 week low of $26.34 and a 52 week high of $47.87. The company has a quick ratio of 2.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.71. The stock has a 50 day simple moving average of $33.18 and a 200-day simple moving average of $33.82. The company has a market cap of $1.27 billion, a PE ratio of 15.42 and a beta of 0.96.
Synaptics (NASDAQ:SYNA) last released its quarterly earnings data on Thursday, August 8th. The software maker reported $0.38 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.47. Synaptics had a positive return on equity of 12.74% and a negative net margin of 1.56%. The company had revenue of $295.10 million during the quarter, compared to the consensus estimate of $307.27 million. During the same period last year, the company earned $1.00 EPS. Synaptics’s revenue for the quarter was down 24.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Synaptics will post 1.63 earnings per share for the current year.
In other Synaptics news, Director Nelson C. Chan sold 6,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $33.25, for a total value of $199,500.00. Following the completion of the sale, the director now directly owns 39,449 shares in the company, valued at approximately $1,311,679.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of SYNA. Penserra Capital Management LLC lifted its stake in shares of Synaptics by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 1,185 shares of the software maker’s stock worth $47,000 after purchasing an additional 395 shares during the last quarter. TRUE Private Wealth Advisors purchased a new stake in shares of Synaptics during the 2nd quarter worth $56,000. US Bancorp DE lifted its stake in shares of Synaptics by 80.1% during the 2nd quarter. US Bancorp DE now owns 2,156 shares of the software maker’s stock worth $62,000 after purchasing an additional 959 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Synaptics by 188.6% during the 2nd quarter. Bank of Montreal Can now owns 3,495 shares of the software maker’s stock worth $102,000 after purchasing an additional 2,284 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in shares of Synaptics during the 2nd quarter worth $113,000. Hedge funds and other institutional investors own 95.82% of the company’s stock.
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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